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Sir u not solved this type of questions
Indirect Taxation
answered on 23-Sep-24 17:32
How to solved this type of questions sir
latest answer
Already we discussed this concept in registration while explaining the limits. If any person is engaged exclusively in exempt supplies then registration is not required.
R G
CA Final
★ 9K+
1
467
General Clauses act
Corporate & Other Laws
answered on 25-Sep-24 18:04
As per general cluses act the definition as per general clauses act shall be used inly when there is no definition mentioned in the specific act for that term in use. Therefore in this case law why haven't they taken the definition of registration act and declare timber trees as movable.
latest answer
okay mam thankyou
Niveta Rajkumar
CA Inter
★ 6K+
2
766
Wages
Financial Management
answered on 23-Sep-24 11:41
Should the lag in wages also be taken in 50% Right?.... Because the labour only worked to produce to 50%
latest answer
payable would largely be for FG.
07- Issac Jolly-XII C
CA Inter
★ 16K+
3
540
Exemption
Indirect Taxation
answered on 23-Sep-24 08:55
Recognised sports body provided sponsorship service to business entity or firm is exempted. If provided to the sole proprietor whether it is taxable or not?
latest answer
Taxable under RCM
Soon to be CA
CA Inter
★ 4K+
1
558
Advance ca[pital Budgeting-Illustration 36
AFM
answered on 22-Sep-24 17:53
Sir, I have a confusion why the cumulative present value is being calculated for year 2-5 for the new machine , if considerin g the alternative 2. If the machine is replaced at the end of year 1 and as per question once replaced the new machine will be having a cash flow of 3 years from the replacement so pv shall be calculated for yr 2, 3, 4 right also i didnt gedt the logic behind multiplying the pvf and again dividing forfr EAC
latest answer
We did not compute any EAC here We have computed PV for Year 0-3 separately ( 0 + 1-3) and done one for year 1-4 ( 1 + 2-4) Compared both of them on PV of Day zero terms Kindly let me know if you have not understood - or pls explain your doubt better
Abhinav K A
CA Final
★ 2K+
1
228
Capital budgeting
Financial Management
answered on 23-Sep-24 07:42
When the asset is depreciated through wdv, is it compulsory to do it through block basis while computing net present value
latest answer
Thank you!
Yazhini 1406
CA Inter
★ 280
2
632
Subsequent measurement of Agriculture produce and Biological Asset
Financial Reporting
answered on 23-Sep-24 10:42
Measurement for revision can be done at only Balance sheet date or date of interim financials were provided Exception – If any event happened like death or sale of the cattle then remeasurement can be done irrespective of the Balance sheet date and Remeasurement period.. Was my understanding correct sir ?
latest answer
Remeasurement is compulsorily done at end of reporting period - financial year or quarter. Also there is no restriction to account for loss of cattle due to death in mid month as well. But generally to keep accounting simple, they would do mostly at month end. Like for e.g. you can compute depreciation per day or per month. Mostly companies would do per month.
M Naresh
CA Final
★ 3K+
1
209
Credit period
Financial Management
answered on 22-Sep-24 17:07
How does decrease in credit period leads to decrease in decrease in investment in debtor's-logic pls
latest answer
Say annual sales is Rs.1200 1. If you extend 1 month credit at end of year you will have 1 month sales OS - Say Rs.100 2. If you extend 10 days credit at end of year you will have 10 days sales OS i.e Rs.33.33 In case 1 you had WC of Rs.100 Compared to case 1 in case 2 you had Rs.67 extra to pay your suppliers
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
487
Not for profit organisation
Accountancy
answered on 23-Sep-24 11:14
Where should adjustment of depreciation is to be made for sports material and printing and stationary
latest answer
You can directly take the closing balance. depreciation amount is shown in Income & Expenditure account.
Sathya S
CA Foundation
★ 3K+
1
504
How to take notes
Financial Reporting
answered on 22-Sep-24 13:43
I've purchased classes from 1fin for the first time and while watching the lectures, I'm not sure what I should take notes on and what I shouldn't...could you please tell me how I should take notes so that they're useful to me while studying?
latest answer
Thank you sir
Pradeepa Narayanan
CA Final
★ 5K+
2
200