powered by logo

Forums

Journal entries

Accountancy

answered on 12-Jul-20 23:41

Are networth and capital is same

latest answer

Capital and retained earnings together are Net Worth.

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

2

658

Journal entry

Accountancy

answered on 12-Jul-20 23:43

Whe we pay salary or rent will the name of personto whom it is paid is involved

latest answer

Depends on whether there is a real account in the name of hte person to whom it is paid is being maintained by the organisation. If not it can either be directly debited to expense account at the time of payment or it can be credited to Salary /REnt payable account through a jouranl entry

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

1

768

Maintenance of minimum no of members

Corporate & Other Laws

answered on 12-Jul-20 17:46

Are members liable for the debts of the company incurred during the first six months or they are liable for debts incurred after 6 months

latest answer

Thanks mam

Leela Eswar

Leela Eswar

CA Inter

6K+

2

634

section 115 Resolution required Special Notice

Corporate & Other Laws

answered on 12-Jul-20 12:07

In 2nd point as in attachment Special notice is required to pass To stand for directorship by a person other than retiring director 14 days notice is required under section 169(1) But in the Video recording as taught by mam it is To Expressly providing that retiring auditor shall not be reappointed under section 140(4) Which is correct one?

latest answer

OK Thank you ma'am.

sundesh kumar

sundesh kumar

CA Inter

7K+

2

1K+

Nature and scope of Business economics

Economics

answered on 12-Jul-20 11:03

Explain the chapter

latest answer

Regret we cant explain full chapter here. You can enroll in our course on Business economics to understand it better

yashaswi kotrica

yashaswi kotrica

CA Foundation

0

1

741

Course not appearing

Others

answered on 11-Jul-20 20:41

I made payment but course is not appearing in my courses

latest answer

Now it's appearing sir ok

Janahith Reddy

Janahith Reddy

CA Inter

12K+

1

670

Premium bonus method

Costing

answered on 13-Jul-20 19:36

According to illustration 11 as per halsey system if worker works efficiently he gets payment of Rs.420 But if he don't work efficiently then he will work for complete 8hrs and he will be paid 480Rs.(time allowed is 8hrs Ã? rate per hr 60Rs.=480Rs.) Then why would the worker works efficiently...?

latest answer

Thank u very much mam......

abhishek kapale

abhishek kapale

CA Inter

980

2

805

Leave calculation

Others

answered on 13-Jul-20 11:12

i have doubt so need your guidance and opinion on it. i am on leave for may 2020 attempt and mean while lock down started so won't able to join office physically till july 2020. whether exam leave is upto may 2020 and lock down leave ( as working days ) from may onwards or there is exam leave upto july 2020. Please guide me since it affects my articleship leave calculation.

latest answer

That was only for first phase. Post which there is no clarity. Also refer to the last paragraph which talks about mutual decision.

Naiya Bhanushali

Naiya Bhanushali

CA Final

1K+

5

754

SA 315

Auditing

answered on 13-Jul-20 15:33

Meaning of classes of transactions

latest answer

The major classes of financial transactions are sales, purchases, receipts, and payments.

Rakesh Prabhu

Rakesh Prabhu

CA Final

2K+

1

884

Tax audit

Direct Taxation

answered on 14-Jul-20 14:13

A single person does both business and profession then for knowing the compliance with audit how the limits will be applied?

latest answer

Thanks

Satya  Shashank

Satya Shashank

CA Inter

13K+

5

689