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Composition scheme - Other services
Indirect Taxation
answered on 25-Mar-22 00:05
Whether the limit of other services to be satisfied in the preceding financial year also to opt for composition scheme in the current financial year?
latest answer
Yes
Nivedha Balaji
CA Inter
★ 9K+
1
214
As
Accountancy
answered on 25-Mar-22 09:18
Why entrance fees must be capitalise?
latest answer
Entrance fee is not a recurring income and is received only once from a member.
Sumita Shah
CA Inter
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1
164
IFRS
Financial Reporting
answered on 24-Mar-22 17:46
In the IND AS opening balance sheet, will the previous period figures be evaluated according to GAAP and the current period figures in accordance with IND AS or both the figures in accordance with IND AS? Thank you.
latest answer
Understood. Thank you.
Bavana Ravi
CA Inter
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3
387
CONTRACT OF INDEMNITY AND GUARANTEE - DISCHARGE OF SURETY
Corporate & Other Laws
answered on 30-Mar-22 09:35
In the given question, th interest rate is reduced from 10% to 6%, here the variation benefits the surety even he doesn't know about variation in contract. "Variation which is not substantial or material or which is beneficial to the surety will not discharge him of his liability" Why can't we treat in this way?
latest answer
If the changes are not substantial or material and it is beneficial to surety - then change doesnt discharge surety
Sai Eswar Kolli
CA Final
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8
546
AVC ( Average Variable Cost Curve ) and AP ( Average Product )
Economics
answered on 25-Mar-22 14:58
Why does AVC and AP are inverse to each other ??
latest answer
When AP increases, AVC decreases. When AP is maximum, AVC attains its minimum point and when AP decreases, AVC increases.
Varun Mulay
CA Inter
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1
396
LAW - OPC
Corporate & Other Laws
answered on 24-Mar-22 15:07
Why does the law prohibit an OPC to invest in Non Banking Financial Investments?
latest answer
NBFC activities are critical in nature. It involves money borrowed from and lent to public. Hence, not permitted.
Kishore Anil
CA Inter
★ 2K+
1
200
ICA 1872, Sec-30, Wagering Agreement
Corporate & Other Laws
answered on 24-Mar-22 18:45
Wagering Agreement consist an essential elements where neither of the parties are interested in subject matter except stake of money which is fixed on event. Suppose A(supporter of RCB) and B(supporter of MI) enter into aggreement of prediction, although they are interested in money but they are also interested in winning team as they bet on their team. So is this wagering agreement or not?
latest answer
It is a wagering contract
Sugam SM
CA Inter
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2
213
Banking
Accountancy
answered on 25-Mar-22 08:20
Can anyone explain the explain calculation of interest/discount..in schedule 13
latest answer
It's my pleasure
Sajeetha R
CA Final
★ 45K+
3
198
cost of capital
Financial Management
answered on 25-Mar-22 10:08
Realised yield approach question PVACI calculation done by 6yrs ,but the question gives 5yrs .plz explain how that calculation comes
latest answer
PVAF and PVIF are considered for 5 years only that is from 2013 year end to 2018 year end.
Short Video
CA Inter
★ 185
1
237
cost of capital
Financial Management
answered on 25-Mar-22 10:09
Realised yield approach question PVACI calculation done by 6yrs ,but the question gives 5yrs .plz explain how that calculation comes
latest answer
PVAF and PVIF are considered for 5 years only that is from 2013 year end to 2018 year end.
Short Video
CA Inter
★ 185
1
204
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