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Ca Inter
Corporate & Other Laws
answered on 03-Feb-24 15:14
TTC Limited is engaged in manufacturing textiles that got incorporated in the year 2013. Company is having registered office located in Hyderabad. In September 2021, Company made a consignment with one of the dealers located in Haryana. Consignment goods turned out to be defective. He filed a suit against the company in Delhi. Decide whether action taken by the dealer is tenable?
latest answer
I was wondering is there such question in companies act
Sivamani Korada
CA Inter
★ 2K+
2
382
Documentation
Auditing
answered on 03-Feb-24 10:25
if audit plan is continuous then how can it be documented in the beginning because it is a continuous process and will subject to changes .if it is in the end of the year then it's fine
latest answer
You will document the initial plan and then update the plan subsequently.
Satha Sivam
CA Final
★ 6K+
1
235
Investment decisions
Financial Management
answered on 03-Feb-24 09:33
video no. 110 illustration-38 sir why didn't we consider factory overheads? could you please elaborate it?
latest answer
In finance, only direct expenses are considered
Roobashree Rajagopal
CA Inter
★ 1K+
1
331
Does This type of Model apply for current examination
Financial Reporting
answered on 03-Feb-24 08:15
Covid Related Treatment is excluded from syllabus?
latest answer
Yes. We have removed the related topics
Surya Prakash
CA Final
★ 19K+
1
351
T/o limit for Sec 80-IAC
Direct Taxation
answered on 05-Feb-24 07:54
Will the deduction u/s 80-IAC get lapse if the T/O exceeds ₹100Cr during the 02nd or 03rd Consecutive AY (assuming the 01st AY the T/O is less than ₹100Cr)?
latest answer
Perfect.
Chandu vadla
CA Final
★ 11K+
3
513
Paper Pattern
Exams
answered on 02-Feb-24 20:50
Can anyone tell me what is the paper pattern of Accounts , law and tax no of questions marks in new scheme out of 70
latest answer
Mostly 1 20 mark and 4*10
Sathya Moorthy
CA Inter
★ 340
1
424
Calculating Total income
Direct Taxation
answered on 05-Feb-24 08:55
If LIC premium is 30000. Can it be added to arrive Gross Total income and then deducted as 80C ? OR it can be simply show as deduction without including in Gross Total income ?
latest answer
Okay..Thank you sir
Kirupaassri R.R
CA Inter
★ 3K+
2
228
Overhaul
Financial Reporting
answered on 07-Feb-24 11:18
Did not understood why we considered overhaulpart of cost. I saw the overhaul lecture again but as its major cost, it shall be capitalized na ? Please explain logic behind it
latest answer
Think of it this way. Building cost - 10 lakhs Estimate Painting cost included in above - 1 lakh. Total cost of PPE is 10 lakhs. Life of building - 10 years. Life of paint - 5 years. After 5 years, we incurred 2 lakhs to paint it again. So We will depreciate 9 lakhs over 10 years and 1 lakh over 5 years. Again we will capitalise 2 lakhs and depreciate it for 5 years.
Hrishikesh Pradhan
CA Final
★ 18K+
8
386
Security valuation illustration 23Interpretation issue
AFM
answered on 02-Feb-24 19:00
Sir, In attachment underlined sentence . I have taken Retained Earnings are 10 rs and EPS has calculated ~Retained Earnings /50%. But in class Earnings has Taken 10 Rs. And Retained Earnings 5. Please clarify this .
latest answer
Thank you sir
M Naresh
CA Final
★ 3K+
3
290
IND AS 2
Financial Reporting
answered on 03-Feb-24 20:15
For valuing RM when FG is expected to sell below cost , it is Replacement cost. What is Replacement cost in simple terms sir ?
latest answer
To keep it in simple terms, Replacement cost is the cost which you will incur if you want to replace the asset by buying new asset
M Naresh
CA Final
★ 3K+
3
326