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Branch account
Accountancy
answered on 17-Mar-25 22:24
In this question, Branch stock reserve has been calculated in the books of H.O and trading and P&L A/c is prepared in the books of Branch. Am I correct, Sir?
latest answer
Yes
Nisha M
CA Final
★ 2K+
1
198
Employee costing
Costing
answered on 21-Mar-25 19:09
Please provide a solution to subdivision 3. My opinion is Rowen but the material answer states Halsey
latest answer
Yes Rowan Will be the answer For choosing incentive method
Jai Adithya
CA Final
★ 14K+
3
203
Ind as 16
Financial Reporting
answered on 18-Mar-25 18:08
Can anyone please help me to find out why I got 0.5 and the other one got 3.5 in this qn
latest answer
The video is an eye opener
Christeena Ambel
CA Final
★ 80
4
196
Tax implications
Financial Reporting
answered on 18-Mar-25 10:55
Sir, What are tax implications on the revaluation model ? 1) Can we claim depreciation on revaluation value or Original cost ?
latest answer
As far as income tax is concerned depreciation is computed as per Income Tax act. Revaluation in books is not relevant.
Sai Vema
CA Final
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1
174
Illustration 2
Financial Reporting
answered on 18-Mar-25 11:04
Could you please elaborate on the transferor's right of first refusal in Illustration 2?
latest answer
A Right of First Refusal (ROFR) gives the original owner (transferor) or in some cases existing shareholder the right to buy an asset/shares before it is sold to a third party. For e.g in companies act, any new issue of shares have to be first offered to the existing shareholders. THe existing shareholders have ROFR - meaning if they refuse to buy, the company can sell it to third party.
Ruthvik Reddy Adala
CA Final
★ 5K+
1
180
CLUBBING OF INCOME
Direct Taxation
answered on 18-Mar-25 11:01
Income earned by minor by special talent is not clubbed, then why is the income on, such income earned is clubbed?
latest answer
Thank you
Swathi Priya
CA Inter
★ 390
3
230
Charge of GST
Indirect Taxation
answered on 21-Mar-25 12:09
icai illustration No 6 , the dealer was engaged in exempted supply and in question it has given he opted for composition scheme ? As per the rule it was said if a person engaged in supplying goods which are not chargeable to tax is not eligible for composition . Can some one pls explain ?
latest answer
Exempted goods means those which are covered in GST but exempt right now because of notification.
M Naresh
CA Final
★ 3K+
1
214
Articles
Others
answered on 18-Mar-25 20:10
Hi guys If we have to serve excess period in articles shall we have to reregister or can we do continuously with our articles period. Please guys if anyone have idea let me know this asap
latest answer
Thank you sir
Likhitha Sivani
CA Final
★ 14K+
4
269
Audit of LLP
Auditing
answered on 18-Mar-25 22:52
Eg. whether LLP whose turnover of 50 lakhs & contribution of 22 lakhs required to get its account audited under LLP RULES ?
latest answer
Any one limit has to be fulfilled
kowselyaa G
CA Final
★ 2K+
2
281
Ind AS 105
Financial Reporting
answered on 18-Mar-25 11:14
Sir In this illustration Excess of Fair value less cost to sell is 3.5L and Restricted Impairment loss reversal is 2.5L, But this Excess FV of 1Lakhs is to be ignored right
latest answer
Yes. You will recognise that gain when it is actually sold.
R Yashwanth Kumar
CA Final
★ 87K+
1
176