Forums
Video is not playing in firefox
Auditing
answered on 27-Aug-20 14:12
I don't know why my video is not playing in laptop
latest answer
send email to support@indigolearn.com
Deepak Thinu
CA Inter
★ 390
1
749
Depreciation
Accountancy
answered on 27-Aug-20 16:36
Is provision for depreciation is current liability? In case it is current liability then what is the reason
latest answer
Under classification of accounts there are i) personal a/c's ii) Real a/c's iii) Nominal a/c's iv) valuation a/c's Here your doubt is about valuation a/c's These are the accounts which are created to show assets or liabilities at their original values (for clear presentation of financial statements). These accounts doesn't have any nature of assets or liabilities but they are just opposite to their original or source accounts (in terms of posting entries like debit and credit). Examples are prov for dep, prov for bad and doubtful debts, reserve for creditors etc., If clearly shows what is the cost at which it is purchased and accumulated depreciation details.... Hope it helps!!!
Akshay jerry
CA Inter
★ 10
2
1K+
Taxation
Direct Taxation
answered on 27-Aug-20 14:12
A company which have not started production but made fixed deposit in banks on which it have received interest as per accounts can the interest earned can be reduced from preliminary and preoperative expensive and For Income tax purpose what is it treatment will it be taxable in the assessment year even there is no business income. If it is taxable under which hear IFOS or Business Income.
latest answer
Yes.
sundesh kumar
CA Inter
★ 7K+
3
721
Banking co.
Accountancy
answered on 26-Aug-20 22:01
How come the fixed asset is added with the depreciation amount in this problem ?
latest answer
The closing balance of the asset is 70.12(cost given in question) and the depreciation thereof is 0.78 which makes the opening balance 70.9 Thus Fixed asset balance in balance sheet(in Solution) 70.12 + 155.7 = 225.82
anamika vardhan
CA Inter
★ 1K+
3
719
Accounting standard-4
Accountancy
answered on 27-Aug-20 06:18
How proposed dividend should be disclosed ?
latest answer
As per the Ministry of Corporate Affairs Notification dated 6th April 2016, regarding Amended Schedule III to Companies Act 2013, in lieu of amendment in AS 4 by ICAI, the treatment of Proposed dividend in the Balance Sheet of a company prepared as per Schedule III of the Companies Act shall be a Contingency - Events Occurring after the Balance Sheet Date. As per the amendment made in Accounting Standard 4, dividend proposed for a year is not a liability till it has been approved by the shareholders. Thus, proposed dividend is not shown as a short-term provision in the current Balance Sheet of a company but disclosed in Notes to Accounts. under Contingent Liabilities.
anamika vardhan
CA Inter
★ 1K+
1
2K+
Insurance co.
Accountancy
answered on 27-Aug-20 06:22
How income is calculated in illustration no.5 ??
latest answer
Is your doubt as to how Gross profit is calculated?
anamika vardhan
CA Inter
★ 1K+
1
704
Insurance co.
Accountancy
answered on 27-Aug-20 18:31
Whether due to re-insurer item appear in schedule 13 in balance sheet ??
latest answer
Dues to re-insurer should be part of Schedule 2 under commission expense as it is operating expenses and not under Schedule 3.
anamika vardhan
CA Inter
★ 1K+
1
754
Tax invoice
Indirect Taxation
answered on 27-Aug-20 13:30
Can unregistered person issue tax invoice under gst in any case ?
latest answer
Any registered person buying goods or services from an unregistered person needs to issue a payment voucher as well as a tax invoice
Harsh Gupta
CA Inter
★ 6K+
2
856
Register of members
Corporate & Other Laws
answered on 18-Sep-20 21:21
Can a director inspect the register of members? Is it free or he has to pay a an amount to inspect the same.
latest answer
No need of any payment
Chaitanya CSK
CA Final
★ 10K+
3
755
Consignment
Accountancy
answered on 26-Aug-20 12:43
Do we have to do the books of consignee as well in the exam?
latest answer
Okay thank you
Sampath B
CA Final
★ 21K+
4
722