pdf of the numerical question
answered on 26-Aug-21 15:19
sir please provide the pdf of the numerical questions covered in covered in the module . my attempt is may 2022 so i dont have the icai books .
Illustrations covered in modules are part of Notes available under Free Resources
Dividend payable Account
answered on 26-Aug-21 15:44
in Dividend payable account , Rs.12 lakh will be Debited as To cash A/c. OR will be Credited as By profit and loss A/c. ? and what will be the Balancing figure ?
Got it ! Thank you so much !
answered on 26-Aug-21 16:13
How they allot debentures for underwritters(red mark in image) Even though in question doesn't mention about this...
Sry got it mam Thank you
Sec 80 CCD 1B
answered on 26-Aug-21 14:20
Suppose if a govt employee is contributing 30000 to NPS from his own salary. And 130000 to PPF. So in order to claim whole 30000 as deduction. Can he claim first whole 30000 in 80 CCD 1B and then 1.3L in 80C. Is that right.
answered on 26-Aug-21 15:11
When should we apply for exam ...
Thank you sir
ï¿¼redemption of debentures
answered on 26-Aug-21 11:38
The profit on cancellation of debentures will be charged against profits or loss account , right ?
Ok , thank you
answered on 26-Aug-21 15:51
During registration, I paid 400 for.journal . But still I didn't get. What shd I do ?
You need to check with ICAI
Different between the provisions and contingent liability
answered on 26-Aug-21 15:31
In provision, we can estimate the amount but it isn't reasonable accuracy. In contingent liability can we estimate the amount or don't the amount.
Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts. Accounting policies are the specific principles and procedures followed by a company's management team (may change from company to company) that are used to prepare its financial statements. Accounting standards are common (they apply to all entities)(like law) sets of principles, standards, and procedures that define the basis of financial accounting policies and practices. (you will learn more of these standards at intermediate level) All of these make the books of accounts and at the end financial statements
Sale OF Goods Act , 1930
Corporate & Other Laws
answered on 26-Aug-21 09:58
What is difference between Specified goods and Ascertained Goods ? Explain with example.
Specified [Sec 2(14)] - Goods individually identified and approved at the time of the contract. Ex: Selling a 20 yr antique piece in your house Ascertained - This is a type not defined by the law but by the judicial interpretation. This term is used for specific goods which have been selected from a larger set of goods. Ex : Selling all chairs from your house, out of that only two chairs are specifically ascertained for a contract
Corporate & Other Laws
answered on 26-Aug-21 08:40
Differential rights doesn't exit 26% in icai books But in corporate law class which is 74% Which is correct???