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STOCK AND FLOW CONCEPT

Accountancy

answered on 11-Jul-21 11:39

What is the exact meaning of stock and flow concept? And how this both are different from each other?

latest answer

STOCK CONCEPT: Stock variable is a variable which is measured at a point of time. Example- population of the country, etc.. FLOW CONCEPT: Flow variable is a variable which is measured in a period of time. Example- National Income,etc

Satha Sivam

Satha Sivam

CA Inter

6K+

1

277

Partneship

Accountancy

answered on 10-Jul-21 11:02

In the Partnership Constitution, A recurring deposit in the name of the partner & the payment is done from the Firm's bank account. Can it take as an asset of the firm?

latest answer

Thank you Ji.

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

5

247

Sec-38 of companies act

Corporate & Other Laws

answered on 10-Jul-21 10:23

Can anyone explain this sec

latest answer

Transfer or allot any securities to fictitious name(he is not person at all)in the register of company is liable to punishment under sec 447

AbithaSuku S R

AbithaSuku S R

CA Inter

2K+

1

256

Head

Direct Taxation

answered on 11-Jul-21 21:00

One doing business of builder means selling buildings and land and also allotted for rent. In his hand his own 10 Properties. He sold 6 Properties, due to some market conditions 4 properties remain unsold and the remaining 4 given for rent. In Which heads, these incomes are charged. ?

latest answer

Sure

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

11

353

CA Final registration & papers overview

Others

answered on 10-Jul-21 14:54

I need to know about eligibility of CA Final registration & analysis of the papers

latest answer

You can take now

pranitha n

pranitha n

CA Final

0

4

280

Sec 11 f General clauses act

Corporate & Other Laws

answered on 11-Jul-21 02:20

The section says that distance should be measured in a straight line. But what if the SHORTEST road connecting the two points is a little zig zag. Which distance will be considered?

latest answer

Roadways between points don't matter. Distance calculated in straight line only.

Aman Mahajan

Aman Mahajan

CA Final

19K+

1

275

General clauses act

Corporate & Other Laws

answered on 11-Jul-21 02:29

What is the difference between sec 6A and 8 of the act? 6A says that reference to a repealed act will continue but 8 says that reference to new act shall be considered. What should be done?

latest answer

Section 8 talks about an act which is repealed and replaced with a reenactment. In that case the reference of the new act shall be considered Section 6A talks about an act which is repealed but not reenacted. In that case reference of the repealed act will be taken.

Aman Mahajan

Aman Mahajan

CA Final

19K+

1

326

Company audit

Auditing

answered on 10-Jul-21 22:42

An auditor has been removed before the expiry of his tenure .. how can new auditor be appointed?

latest answer

Ooh shit by mistakenly I saw resigned Instead of removed :/ In case of removal of auditor ,the new auditor will be appointed by the shareholders only at the general meeting as they only approved the resolution for the removal of auditor

Harshita Kedia

Harshita Kedia

CA Inter

4K+

3

304

Sec.56

Direct Taxation

answered on 10-Jul-21 18:14

GIft Exemption limit in cash/kind is 50000/year is aggregate or persons to persons?

latest answer

Cash gift - Aggregate money exceeds Rs. 50000 Movable property - Aggregate value exceeds Rs. 50000 Immovable property - then per property SDV exceeds Rs. 50000

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

9

317

CONVERSION FROM OLD TO NEW

Others

answered on 09-Jul-21 20:08

Need to revalidate registration before conversion from old to new ? if validity expired

latest answer

Yes

MUHAMMED FARIS KK

MUHAMMED FARIS KK

CA Inter

15

1

267

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