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Corporate & Other Laws
answered on 16-Oct-23 13:05
On 30th June 2017, the liability side of Balance Sheet of X Ltd. showed balance of paid up share capital of Rs. 65 lacs, free reserve of Rs. 10 lacs, share premium account of Rs. 20lacs, deposits of Rs. 25 lacs, repayable in the current financial year, during the month of September 2017.In July 2017, the company was in need of some short term funds to the tune of Rs. 20 lacs for a period of 6 months. The maximum amount which the company may hold as deposit together with existing deposits will be— a) Rs. 33.25 Lacs b) Rs. 11.25 lacs c) Rs. 95 lacs d) Rs. 9.5 lacs.
latest answer
existing outstanding deposits will be included in calculating the max limit of deposits that can be accepted. (Note: whether deposit is short term or long term depends on the total tenure of the deposit. In the question total tenure is not available for outstanding deposits so we cannot decide whether its short term or long term.)
Sowmiga Chandrasekaran
CA Inter
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3
706
Cafc law
Corporate & Other Laws
answered on 15-Oct-23 17:32
is it enough if we only practice imp questions for law or we have to do the whole module ?
latest answer
Please study all provisions. Merely questions are not enough to pass
Bhoomi Bhanushali
CA Foundation
★ 110
2
373
Career guidance
Exams
answered on 16-Oct-23 20:08
Hey, I gave my first attempt for ca foundation in June 2023 but failed and now I am preparing for my second attempt , but now I have realised that I have no interest in these subjects and I am unable to study properly although I took this course out of my interest and now I want to pursue M.s.in journalism from abroad. What should I do ? Should I leave ca? I am literally so confused.IFIN please please please help me
latest answer
Don't fall into the trap of doing something that you have no interest in. Take your own time & decide, share it with your parents convince them.So that you don't regret later in future & would be happy for taking the decision quite earlier.
gourvi choudhary
CA Foundation
★ 0
4
506
Final accounts of Sole proprietorship
Accountancy
answered on 17-Oct-23 15:55
Commission payable to manager on Net profit (Before charging such commission) If any body can explain. Other than module
latest answer
Say Profit before commission is 100 Commission is 10% after charging commission. So Commission = 10% * (100 - Commission) Commission = 10 - 0.1 * Commission 1.1 Commission = 10 Commission = 10/1.1 = 9.09 Cross chec Profit. = 100 Commission = 9.09 Profit after commission = 90.91
Bhavesh Kumar
CA Foundation
★ 425
2
480
Ratio analysis
Financial Management
answered on 17-Oct-23 18:45
Where to start this question 🙃
latest answer
This is a newly added question and the same has been solved. Also, there is an error in acid test ratio. Please go through the video
SURYA S
CA Final
★ 240
10
490
Exemption not got
Others
answered on 16-Oct-23 12:22
I scored 62 mrks in costing still they didnt provided me exemption for nov23 attempt...what should i do now?
latest answer
You should appear for all papers to claim exemption
Sharia fatima
CA Inter
★ 150
7
486
QnA
Costing
answered on 17-Oct-23 20:17
Can any prepare point (iii) purchase quantity budget for this question
latest answer
Kindly solve the question and highlight your doubt
Rifhat Khan
CA Inter
★ 28K+
1
395
Public offer & Private Placement
Corporate & Other Laws
answered on 16-Oct-23 14:18
Dear Team, In the enclosed example, does a company assumed to have incorporated the necessary provision in place in it's MOA, prior to announcing the issue of share capital through either of the 4 means.
latest answer
Thankyou Mam.
Namrata Lall
CA Inter
★ 0
4
337
Excemption in New syllabus oriented
Exams
answered on 16-Oct-23 15:53
If I have Passed Inter grp 1 now. and appear for Grp 2 in may 2024. What are the papers I have to write?
latest answer
Yes
Subaharini Siva
CA Inter
★ 7K+
7
487
QNA
Costing
answered on 17-Oct-23 09:50
What is the meaning of highlighted text.... explain
latest answer
the other 20% we call as Idle time.
Rifhat Khan
CA Inter
★ 28K+
2
415