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Financial statemnts
Accountancy
answered on 10-Apr-23 21:50
Under which head bank over draft is added while preparing balancesheet
latest answer
👍
disha sharma
CA Inter
★ 1K+
3
410
Management of working capital
Financial Management
answered on 11-Apr-23 10:11
Question number 5 In fourth image how 132000 has arrived Is it a calculation mistake
latest answer
They have not used FIFO but WA cost for inventory of closing stock Production 9000 units cost 780000 OS 1000 units cost 100000 total goods available for sale 10000 cost 880000 Cost per unit 880000/10000 = 88 closing stock 1500 units x 88 = 132000
Mr M
CA Final
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4
401
Liquidation
Accountancy
answered on 11-Apr-23 19:19
Can anyone please explain how they have calculated the amount of preferential creditor and outstanding expense ...I have highlighted the amounts
latest answer
Preferential Creditors = wages + salary ( 4 months) = 20000 + ( 500 × 4) = 22000. And the salaries balance of Rs. 1000 will be treated as unsecured creditor and MD ' salary of Rs. 6000 total 7000
Gauri Shete
CA Final
★ 5K+
1
336
Dt book only 293 page or how many page in book which u buy book
Exams
answered on 10-Apr-23 21:25
I thinking buying books that's way friends any idea this short notes available 1 fun app this book are same or books are different which each and every concept available in the book
latest answer
Short and crisp for concepts. All module sums are not covered. Only class sums are covered
R K
ACCA Skill
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3
551
Financial statements
Accountancy
answered on 11-Apr-23 11:58
Do we still have the concept of corporate dividend tax while making p& l and balancesheet as per sch. 3. If yes then how is it treated, please explein in context with highlighted text
latest answer
Corporate dividend tax is no longer relevant.
disha sharma
CA Inter
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1
411
Exemptions
Indirect Taxation
answered on 11-Apr-23 17:24
Exemption of interest on loans and advances and deposits is available only to financial institutions or to anyone ?
latest answer
Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services) is exempt from GST. It is no where mentioned that it is only for banks.
Varun Mulay
CA Final
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2
479
sec 80 D
Direct Taxation
answered on 10-Apr-23 16:05
medical expenses for mr.x(non senior citizen) amounts to Rs.40,000 ,he can claim upto 25,000 as deduction from his Gross total income . Whether his relatives ( eg: daughter , incurred 10,000) can claim deduction for same expenses of father ?
latest answer
Correct
Sajeetha R
CA Final
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4
452
companies act. 2013
Corporate & Other Laws
answered on 10-Apr-23 14:34
what is the maximum paid up capital and turnover of small companies?
latest answer
reimburseder companies act 2013, Small company means a company that has a maximum paid-up share capital of 50 lakhs or higher as may be prescribed -- higher at present is 4 crores but that higher limit can't exceed 10 lakhs (it means it has a chance to rise to 10 croresin future) And same as turnover is not more than 2crores or higher as may be prescribed that higher amount is 40 crores at present but it doesn't exceed 100 crores
Saketh Reddy Kotla
CA Foundation
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7
502
Investment decisions
Financial Management
answered on 10-Apr-23 16:44
In case of ARR formulae for investment why divided by 2 is written instead of taking investment directly itself
latest answer
Yes this is more clear tq
P.udaykumar Pasupulati
CA Final
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4
404
As 17
Accountancy
answered on 13-Apr-23 22:56
What is the meaning of including interest as a part of cost of inventory.and if it is included as part of inventory how will it be again traeted as an expense
latest answer
Ok sir
Gauri Shete
CA Final
★ 5K+
2
409