Forums
Turnover
Indirect Taxation
answered on 18-Oct-23 09:51
Mr. Dev Anand is engaged in providing services of facilitating sale and purchase of securities to various clients. He is also engaged in trading of securities. His turnover details are as follows: Trading of securities Rs. 40,00,000/- Brokerage on account of facilitating transactions in securities Rs. 30,00,000/- You are required to ascertain aggregate turnover of Mr. Dev Anand under GST: (a) Rs.30,00,000/- (b) Rs.40,00,000/- (c) Rs. 70,00,000/- (d) Rs.NIL.explain this please
latest answer
Tq sir..
Sowmiga Chandrasekaran
CA Inter
★ 7K+
3
475
Depreciation
Direct Taxation
answered on 15-Oct-23 21:40
SR Ltd. a producing company established its undertaking in the backward areas of Andhra Pradesh in the P / Y 2019-20. The company purchased some assets on 14 August 2019, however it was installed and put to use on 27 (th) January 2020. The rate of additional depreciation for the P/Y 2020-21 shall be; (a) 10% (b) 20% (c) 35% (d) 17.5%
latest answer
Understood !Thank u!!
Sowmiga Chandrasekaran
CA Inter
★ 7K+
4
413
MCQ
Strategic Management
answered on 15-Oct-23 21:36
Why is this not person marketing?
latest answer
Because when you upload on YouTube, you are not marketing to specific persons but to a lot of people at once.
Neha Baliga
CA Inter
★ 16K+
1
400
Section 42,43 of Indian Contract Act 1872
Corporate & Other Laws
answered on 17-Oct-23 16:00
Wherever they say 'Joint promisor', they also imply their legal representatives as well right?
latest answer
ok thank you!
Vishnu Muraleedharan
CA Final
★ 32K+
4
1K+
Ind AS 12
Financial Reporting
answered on 16-Oct-23 18:42
Illustration 3 page 10.45 of ICAI study material this is explained clearly in your video lecture, thank you for the same. Journal entry for DTL 1.10 crore what is the journal entry I have to pass. Request your help please
latest answer
Yes
swaminathan sundaram
CA Final
★ 110
3
348
Law
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
★ 7K+
3
737
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
389
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
532
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
507
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
506