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Giidwill

Accountancy

answered on 31-Aug-21 16:32

In 6th question) After all the adjustment, the average profit is 17,500. Here NRR is not given, then how can we arrive at goodwill by super profit basis. And the answer is option ( b ) - 8,750.

latest answer

The average profit is 4,375 the the goodwill for the three years purchase is 8,750.

Vijay K

Vijay K

CA Inter

9K+

2

250

Salary head

Direct Taxation

answered on 31-Aug-21 16:08

Plz tell me how to solve this ques

latest answer

Okay sir Thanku

Riya Goel

Riya Goel

CA Inter

4K+

2

259

Exam centre

Others

answered on 01-Sep-21 10:16

How to request to icai for exam centre in new cities

latest answer

write a mail to Director Board of Studies bosnoida@icai.org

Balaji R

Balaji R

CA Final

20K+

2

266

Purchase consideration

Accountancy

answered on 01-Sep-21 10:36

I am having doubt regarding purchase consideration.when to use this method . IIL 8 and 11 8 - pg no :5 45 11-pg.no : 5.59

latest answer

Net Payment Method - the aggregate of all payments made in the form of shares, debentures, other securities and cash to the shareholders of the transferor company is taken as consideration Net Assets / Net Worth Method - is used when all the modes of discharging the purchase consideration (e.g. Pref. Shares, Equity shares or cash payable to shareholders of transferor company) are not given and hence where Net Payment Method cannot be adopted. Under this Method, purchase consideration is ascertained by aggregating the agreed values of only those assets which have been taken over by the transferee company and deducting it from the agreed value of liabilities taken over.

Prasanna Venkatesan

Prasanna Venkatesan

CA Inter

3K+

3

257

Sec 50 C

Direct Taxation

answered on 01-Sep-21 17:27

W.K.T,...... As per 1st and 2nd proviso to sec 50C, If date of agreement of transfer and actual date of transfer is different, Full value of consideration=Stamp duty value as on date of agreement provided part of consideration is paid as advance..... My doubt is, what will be full value of consideration if Sale consideration agreed is greater than Stamp duty value? Please clear my doubt.. thanks

latest answer

Thank you for the correction Himanshu Somani. If stamp duty value is greater than 110 percent of the consideration received, deemed consideration is the stamp duty value.

ALDRIN G

ALDRIN G

CA Inter

12K+

6

296

Resolution

Corporate & Other Laws

answered on 31-Aug-21 11:28

If company have 250 equity members, In general meeting only presented in 60 members, at the time 75% members agreed a resolution Above resolution is valid special resolution Or 75% calculating on total members (250)

latest answer

Thanks

INDRAJITH S

INDRAJITH S

CA Inter

5K+

2

217

The General Clauses Act

Corporate & Other Laws

answered on 31-Aug-21 11:22

If we are asked to define the word Act in the examination. Should we answer the question as the bill passed in the parliament or as per section 3(2).

latest answer

Thank you sir

G Mohammed Mushtaq

G Mohammed Mushtaq

CA Final

15K+

2

259

Prospectus

Corporate & Other Laws

answered on 01-Sep-21 20:04

Sir explain point c in point 4 in exception in que 13

latest answer

In short it means, if a person who becomes liable, proves that he had reasonable grounds to rely on the statement issued by an expert, he will be exempted

B. S. V Subramanyam

B. S. V Subramanyam

CA Inter

50

3

235

Prospectus

Corporate & Other Laws

answered on 31-Aug-21 11:19

Sir explain 2nd pont of exception in que 12

latest answer

That means if person authorising issue of prospectus that contains mis-statement actually believed that misstatement was true based on facts, documents and circumstances, he might be exempted from criminal liability if he proves that. Say, company misstated losses as profits in prospectus. In that case, we can't say director had reasonable ground to believe that they company was earning profits as he would have access to company records, financials etc.

B. S. V Subramanyam

B. S. V Subramanyam

CA Inter

50

1

230

Ratio proportion indices and logarithms

Maths & Stats

answered on 31-Aug-21 10:48

Can anyone solve the below question

latest answer

Thank you

Soumya A

Soumya A

CA Inter

20K+

3

331

Offer