Forums
Leases
Financial Reporting
answered on 27-Mar-23 19:09
Is it required to classify the Lease Liability for leases whose period is ending within the next financial year as current liability or no such classification required. Also please let me know, if required, which law or standard requires such classification.
latest answer
Ooh kk.. Thank you sir..
Valli Kotapati
CA Final
★ 5
7
456
Doubt in Balance sheet presentation
Accountancy
answered on 27-Mar-23 13:11
Where to show provision for doubtful debts in schedule 3 Balance sheet? Whether it should be shown in short term provisions or it should be reduced from trade receivable?
latest answer
Deduct from debtoes
Pravin Nesaraj
CA Inter
★ 32K+
1
420
Composition scheme
Indirect Taxation
answered on 28-Mar-23 17:57
Limit is below 75L or 1.5cr as case may be What if it's correct 75L in preceding py ...will that supplier will eligible for composition scheme in current year ( is the limit upto 7499999)
latest answer
Limit is upto 75 Lakhs/ 1.5 crore. So if the turnover during preceding FY does not exceed 75 lakhs/ 1.5 crore then in the Current year the person will be eligible for composition scheme.
Christo Joy
CA Final
★ 8K+
2
434
Companies balance sheet
Accountancy
answered on 27-Mar-23 19:02
Please help me to do this
latest answer
which part are you finding difficulty in?
TITIR ADHIKARY
CA Foundation
★ 2K+
1
435
RCM
Indirect Taxation
answered on 30-Mar-23 00:23
Irrespective of supplier registered or not -RCM applies?
latest answer
If a transaction is covered under RCM then the recipient should take registration mandatorily as per Section 24.
Kamal Kumar
CA Inter
★ 7K+
9
486
Cma
Others
answered on 26-Mar-23 22:20
Is cma a good course i heard it has no scope espesically from ca's , i know many cmas who are working in psu and pvt jobs with great package with sole cma but why iam hearing this frequently
latest answer
It does have scope in pvt organisation if u want i will share screen shot of.thier linkein profiles those who are working in pvt sectors with good packages sir.
Bhuvan Bhaskar
CMA Inter
★ 2K+
2
501
Triple column cash book
Accountancy
answered on 26-Mar-23 21:21
If cheque received and deposited but dishonured What is entry in triple coloumn cash book in Three column cash book ?
latest answer
When u issue the cheque the creditor will be debited and bank will credit if the same cheque was dishnoured bank will debit and creditor will be credit
Sai Vema
CA Final
★ 108K+
3
885
IND AS 19
Financial Reporting
answered on 26-Mar-23 20:43
Hi sir I have query in post employment benefits Defined contribution plan We are classifying PF payable by the employer as defined contribution plan under post employment benefits My query is PF payable by employer is expected to settled in 12 months right then why can't we classified under short term benefits and do accounting... Kindly clarify me sir
latest answer
Ok sir Thank you
Barani Tharan
CA Final
★ 112K+
4
457
Professional Ethics Doubt
Auditing
answered on 27-Mar-23 13:43
Can a Chartered accountant holding COP practice CS simultaneously as per clause 7, Part 1 of schedule 1
latest answer
Ok. Thank you mam
Varshini Pandiarajan
CA Final
★ 30
3
534
Amendment to Section 43b (h)
Direct Taxation
answered on 26-Mar-23 18:17
1) If on 31st march the amount payable to MSME has not fallen due can the assessee claim it as allowable expense? 2) If he claims it as allowable expense and in the next FY if the payment is not made within 45 days, will section 43b clause (h) gets attracted?
latest answer
Ok sir
Pushkala S
CA Final
★ 3K+
4
627