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Cash Flow from operations before changes in Operating Assets/ Operating Liabilites
Financial Reporting
answered on 23-Jul-24 09:19
Sir, I am not clear why we are using the phrase "Before changes in Operating Assets & Operating Liabilities" in this question instead of "Before changes in Working Capital" that we use generally.
latest answer
Its just a nomenclature. This is to exclude non operating assets like current investment. Technically when we calculate working capital, we include current investment. However, the items used in calculation as per AS 3 and Ind AS 7 are similar.
Antara MuraliKrishnan
CA Final
★ 20K+
2
346
Sh cap n deb
Corporate & Other Laws
answered on 29-Jul-24 09:45
Alteration of sh capital at MOA OR or SR is req ?
latest answer
Yes
Sushmita Chowdhury
CA Inter
★ 2K+
6
328
The General Clauses Act
Corporate & Other Laws
answered on 25-Jul-24 19:14
Section 8 Gauri Shankar Case I don't understand what they are trying to convey by using words " repeals new law subsequently " and " operation is saved by the relevant provision " Can you please explain Ma'am?
latest answer
Thank you very much Ma'am.
Dhivyaa Latha
CA Inter
★ 4K+
2
314
Professional income
Direct Taxation
answered on 26-Jul-24 13:08
If a cricketer is receiving professional income and also not maintaining any books of accounts or expense/income tracker..under what head he is taxable ? IFOS OR PGBP
latest answer
There is penalty for non maintenance of books of accounts upto 25,000
GOKULA LAKSHMI
CA Final
★ 21K+
3
353
Letting out
Direct Taxation
answered on 22-Jul-24 19:45
If Rent from letting out of plant and machinery is in the ordinary course of business, then in which head of income does this taxed?
latest answer
If it is in the course of business then it is taxed under PGBP.
Ajaykumar Parit
CA Inter
★ 815
1
319
REAL VALUE VS NOMINAL VALUE
AFM
answered on 22-Jul-24 19:37
Could You please Tell me the Meaning of REAL VALUE & NOMINAL VALUE in an One Word ( Just to Remember the difference Quick )
latest answer
Nominal is price change and volume change real is only volume change
naresh chandran
CA Final
★ 3K+
1
342
Difference
Direct Taxation
answered on 22-Jul-24 19:46
Difference btw slab rate and flat rate
latest answer
Flat rate means a fixed rate like 10% or 20% or 30% etc. Slab rates means the rate for individual with respect to slabs like Upto 2.5L or upto 3L etc.
Ajaykumar Parit
CA Inter
★ 815
1
354
Purchasing asset for CSR project
Corporate & Other Laws
answered on 23-Jul-24 15:18
1. Company can purchase asset of its own company for CSR activities? 2. Is there any increase of sales of own company by purchasing asset of own company?
latest answer
There is no restriction in law against purchase of own asset for CSR. In such case the company will have to write it off from its own books as it is being used for CSR.
Shivashankar Jawai
CA Inter
★ 2K+
3
382
ILLUSTRATIONS
Financial Reporting
answered on 22-Jul-24 18:00
DEAR TEAM WHERE WILL I FIND THE ANSWERS TO THE ILLUSTRATIONS PROVIDED IN 1FIN STUDY MATERIAL
latest answer
Resources
naresh chandran
CA Final
★ 3K+
1
218
SA 210
Auditing
answered on 23-Jul-24 17:59
Mam you have explained that engagement letter is given by auditor to management , then how come in this RTP engagement letter is provided by management to those joint auditors
latest answer
Thank you mam!!
Srivarshini Nallamaddi
CA Inter
★ 0
3
348