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Articleship transfer

Others

answered on 22-Feb-24 20:18

I'm looking for an articleship transfer (within 1 year) What is the applicability of 30 days to rejoin and what are the consequences if fail to join within 30 days

latest answer

There is no timelimit to register again. Past articleship is not lapsed.

Ashmil Z

Ashmil Z

CA Inter

★ 135

3

411

As 10

Accountancy

answered on 18-Feb-24 12:59

Why I this sum they did write off revaluation reserve for excess depreciation?

latest answer

There are two choices. One to transfer periodically and other to transfer towards end

Mile s

Mile s

CA Final

★ 250

1

371

Various Scenarios under step 1 - part 1

Financial Reporting

answered on 22-Feb-24 19:53

In the example of Tata and Samsung - Tata paid non-refundable amount of Rs. 10,00,000. Anyways this amount is not refundable, then why we have to recognize as liability until five condition need to be satisfied. We can recognize immediately because this is a non-refundable deposits.

latest answer

Say you join a class by paying non-refundable deposit of 2,000/-. Classes will begin in April. The fee for classes is 10,000 and since you have paid 2000 you need to pay only 8000. If you do not pay 8000, the amount paid as non-refundable deposit is forfeited. Now It would not be appropriate to recognise 2,000 of revenue in the current financial year.

Nivethithaa S

Nivethithaa S

CA Final

★ 2K+

3

370

Simulation

Others

asked on 18-Feb-24 11:40

How this formula is used can anyone explain?how we divide time we get assembly?

latest answer

No answers yet!!

Devisree

Devisree

CMA Final

★ 0

0

421

Doubt

Corporate & Other Laws

answered on 18-Feb-24 12:18

If due date is 15th Aug already a holiday. Should we consider 14th Aug or 16th Aug. For sudden holiday it’s the next working day.

latest answer

Thank you Sir

Soon to be CA

Soon to be CA

CA Inter

★ 4K+

2

202

Security Valuation

AFM

answered on 20-Feb-24 09:47

Sir, in case of question which require the application of IRR, will the rates be ?

latest answer

Yes try 10 % first and then try a couple of more variations

Swathi Krishna

Swathi Krishna

CA Final

★ 8K+

3

376

RTP, MTP

Indirect Taxation

answered on 18-Feb-24 10:51

Why there is no RTP, MTP questions is posted of this chapter

latest answer

Will arrange for more questions.

07- Issac Jolly-XII C

07- Issac Jolly-XII C

CA Inter

★ 16K+

4

440

Financial instruments

Financial Reporting

answered on 20-Feb-24 19:08

Sir,when interest freeloan or security deposit given,we are recognising at fair value,we are recognising interest.which is income.does it leads to tax,with out realising income we are paying tax

latest answer

For taxation, you will follow tax rules. For e.g in case of related party transaction, you may apply 40A(2) for example.

SivaGanesh Arudala

SivaGanesh Arudala

CA Final

★ 110

1

238

Consolidated Financial Statements

Financial Reporting

answered on 20-Feb-24 22:54

In the last 2 exception (from preparing Consolidated Financial Statements) for Investment Entity and Trust Created for Employee Benefit Purposes, Will their assets and Liabilities be included in Parent's CFS?

latest answer

Okay sir thank you so much

Susee Arunachalam

Susee Arunachalam

Qualified CA

★ 26K+

2

258

rebate

Direct Taxation

answered on 18-Feb-24 10:31

rebate is not explained but faculty is saying like already discussed .

latest answer

Please watch Video No 30 first.

Santhosh S

Santhosh S

CA Inter

★ 355

2

267