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Financial statements
Accountancy
answered on 17-Mar-25 09:43
The question says that closing stock is more than opening stock by 160000 Then why are we adding the difference amount in cost of purchase ?
latest answer
Thank you sir
Jashvanth.K
CA Inter
★ 11K+
4
370
Financial statements
Accountancy
answered on 15-Mar-25 18:32
Suraj Sir, whether the cost of purchases + (changes in inventory if negative ) = adjusted purchases ?
latest answer
Adjusted PUrchases = Op Stock + Pur - CS i.e Purchase = Adj PUrchases + Cs - Op stock = Adj purchase + 160,000
Jashvanth.K
CA Inter
★ 11K+
1
338
Book (Financial statement )
Accountancy
answered on 27-Mar-25 14:17
Sir, in this attached pdf the total of the expenses is mismatched ( Financial statement 1st sum) .... whether the purchases would amount to 406 ? because in working notes we worked gross purchases as 406 ?.. kindly solve my doubts regarding this
latest answer
It is 406 only. Will update it. Thankyou
Jashvanth.K
CA Inter
★ 11K+
3
274
Return for RCM
Indirect Taxation
answered on 15-Mar-25 11:37
A person have no outward supply, only inward supply and paid input tax & one of them is RCM Which return have to be filed ?
latest answer
Exactly.
Sushmita Chowdhury
CA Inter
★ 2K+
3
262
Payment of tax
Indirect Taxation
answered on 15-Mar-25 11:03
Sir pls explain the meaning of this question in simple words Q3
latest answer
It means that Government always presumes that the Tax burden has been passed on the recipient unless otherwise proved.
Sushmita Chowdhury
CA Inter
★ 2K+
1
265
Charge
Corporate & Other Laws
answered on 15-Mar-25 13:51
Bank gave loan of 20lac, charge registered After 1 year 10lac loan is enhanced for the same property by the same bank, charged not registered Rectification of charge CG(RD) is empowered This provision occurs after 60days if charge not registered ?
latest answer
Here modification is not registered. Section 77 & 79 will apply. Rectification doesn't apply here. That's only useful in case of extension of time for intimating payment or satisfaction of a charge, or rectification of omissions or misstatements, if accidental
Sushmita Chowdhury
CA Inter
★ 2K+
2
307
Initial recognition of Biological assets
Financial Reporting
answered on 15-Mar-25 18:24
Dear Sir, Can you please clarify that in Illustration-2 you have mentioned that the cost to sell to be reduced from the purchase cost even if it is borne by the seller, for initial recognition. However, in the illustration -3 you have considered the 2% fee charged by the auctioneer's fee but not the 4%. What makes the difference in 2 cases?
latest answer
The question to ask is whether we will incur the cost when we sell the biological asset. IN case of auction, we need to check how much would we pay when we sell. We would pay 2%. The 2% that we pay when we buy is not relevant for valuation.
Chaitanya Sai Gupta
CA Final
★ 4K+
1
346
SPOM
Others
answered on 15-Mar-25 18:41
Can we change the papers of set c and set d spom from what we have registered during out final registeration?
latest answer
I guess you need to complete mandatory hours for the subject for which you want to write the exam.
Gayathri S Nambiar
CA Final
★ 2K+
3
272
addition error.
Direct Taxation
answered on 15-Mar-25 11:33
sir, deduction under section 24(b) answer is 33000 sir, i.e 90000/5 is 18k + 15000.
latest answer
Thank you. Will get it rectified.
Ashwin Karthik
CA Inter
★ 170
1
277
Holding company and Subsidiary
Corporate & Other Laws
answered on 15-Mar-25 13:54
Please see the photo And answer the Briefy with explanation with bare act refrence
latest answer
A is subsidiary of B & C B is subsidiary of C Refer section 2(87). subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company— (i) controls the composition of the Board of Directors; or (ii) exercises or controls more than one-half of the total voting power either at its own or together with one or more of its subsidiary companies (ii) is relevant explanation here.
Chan Dra
CA Final
★ 0
1
390