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Accountancy

answered on 20-Apr-22 17:21

Fire occured is extraordinary item Insurance claim received later is ordinary item or extraordinary item ?

latest answer

Extraordinary item.

Jaanu Jaanu

Jaanu Jaanu

CA Final

4K+

2

156

The Negotiable Instruments Act, 1881

Corporate & Other Laws

answered on 20-Apr-22 19:25

Sir, In the attached question of MTP 1 of May 2022, how the rate of interest in answer is 6%?

latest answer

Thankyou

Rinuja TK

Rinuja TK

CA Inter

10K+

4

171

Company audit

Auditing

answered on 19-Apr-22 20:09

In rotation provision Amount prescribed for pvt co. PUC is 50 cr or 20 cr

latest answer

Ok thankyou

Priyanka Agrawal

Priyanka Agrawal

CA Inter

3K+

3

286

DEBT EQUITY RATIO IN BUYBACK OF SHARES

Accountancy

answered on 20-Apr-22 17:21

DEBT EQUITY RATIO = DEBT / EQUITY. Will all liabilities (including current liabilities like trade payables & provisions) be included in numerator or just short term and long term DEBTS

latest answer

Only debt is to be considered.

Ali S

Ali S

CA Final

4K+

2

277

Implications on private company

Auditing

answered on 19-Apr-22 22:47

What are the implications if private co. Is shown as Ltd in one of its invoices.. What and all the steps to be taken as an auditor in dealing with the same.?

latest answer

Thank you

Sanat Harwadekar

Sanat Harwadekar

CA Inter

3K+

3

181

Amalgamation of companies

Accountancy

answered on 18-Apr-22 20:12

Why in this sum pc is calculated on net assets method

latest answer

Thank you sir

Miradevi S

Miradevi S

CA Final

14K+

2

182

Loss due to liquidation

Accountancy

answered on 18-Apr-22 19:55

In this problem they calculated loss as 59lakhs but how did that came !

latest answer

Thank you

Kumar G

Kumar G

CA Final

12K+

2

181

Income from ho

Direct Taxation

answered on 27-Apr-22 19:45

If the property is vacant for a whole year& it is not self-occupied since already 2 propert has been considered as self-occupied then GAV is NIL due to actul rent is less than ER since owing to loss of vaccancy

latest answer

Third house property is treated as deemed let out property. 1. Calculate reasonable expected rent. 2. Actual rent is NIL. Actual rent is less than reasonably expected rent not because of vacancy. Because, even though the property is not vacant, actual rent is zero as it is self occupied. So, in this situation, take reasonably expected rent as GAV. If let out property is vacant (not because of deemed let out) for whole year, then take GAV as Zero.

Sumita Shah

Sumita Shah

CA Inter

2K+

7

171

MTP

Exams

answered on 19-Apr-22 16:18

Whether MTP released for may22 ? For me , icai website shows only nov 21 MTP both series

latest answer

Welcome

Sathiya Bama

Sathiya Bama

CA Final

23K+

15

268

Income from hp

Direct Taxation

answered on 19-Apr-22 10:19

What is the meaning of point(b)

latest answer

Owner does not only mean legal owner. It can be beneficial owner also. List of beneficial owners are given in Section 27.

Sumita Shah

Sumita Shah

CA Inter

2K+

3

193

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