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Notes in Free notes section of Indigo learn app
Information Systems
answered on 01-Mar-23 14:34
Is Notes in Free notes section for EIS updated for Significant additions / modifications in ICAI study material applicable from May 22 examinations and onwards or it's been updated from May 21 only ?
latest answer
Thanks for the reference. Will check and revert
Prethivi Rajan
CA Final
★ 9K+
3
534
Cash flow statement
Accountancy
answered on 26-Feb-23 14:33
Can we consider Trade receivables while computing cash flow?
latest answer
This is covered in detail in class. The linkage between netprofit and working capital changes. We start with net profit. Net profit is computed on accrual basis. So there are some income which are considered for which cash would not have been received by the entity. Hence working capital adjustments are made. Since we did not receive amounts from debtors, it is reduced from the net profit to arrive at cash flow. For assets consider Opening - Closing For liabilities consider closing - opening.
Snehashis Mohanty
CA Inter
★ 35
3
471
AS-4
Accountancy
answered on 26-Feb-23 15:14
Sir, can you please let me know under which situation (i) disclosure in notes to accounts & (ii) disclosure in report of approving authority is required?
latest answer
Thank you so much Sir.
Varshaa M
CA Final
★ 35K+
3
548
Video quality
Others
answered on 25-Feb-23 21:50
Can I reduce the video quality? It's always playing 1080p
latest answer
Yes, you can watch in medium quality.
Muhammad N
CA Inter
★ 160
7
527
Charitable trust - Accumulation of income
Direct Taxation
answered on 25-Feb-23 21:00
As per provision, 15% income accumulated is allowed. But why only general expenses and salary income is deducted? Why not the total net income
latest answer
if the trust has accumulated Rs. 3 lakhs as excess income and this amount represents more than 15% of its income, then this amount will be treated as deemed income and will be taxed at the applicable tax rate. if the accumulated income is less than 15% of the total income, there will be no deemed income and no tax liability on the balance amount of Rs. 3 lakhs.
Mansi Kamble
CA Final
★ 0
5
496
Closing stock
Accountancy
answered on 26-Feb-23 16:18
Suppose if sales is not made good but we purchase more goods and the closing stock is higher. So the netprofit is going to be higher then the tax also higher and my question is i I don't have realized profit on sales and it is acceptable?
latest answer
Thank u sir, I am not think about GP Which played because stock always measured at cost.
Kamal Kumar
CA Inter
★ 7K+
6
462
Free classes
Indirect Taxation
answered on 25-Feb-23 20:16
Is the free classes for ca inter available for 3 days GST Is applicable to may 2023 is this classes are ammended.
latest answer
Yes
Srirammurthy Lekkala
CMA Inter
★ 3K+
7
571
Sets
Maths & Stats
answered on 25-Feb-23 18:24
How dobyouvsolve the marked questions from the additional question bank
latest answer
Detailed Solutions for questions are available in the pdf in the course
Vedant Vijay
CA Foundation
★ 1K+
2
819
Spoiled food,fruits, vegetables - normal loss ?
Accountancy
answered on 25-Feb-23 18:24
Does spoiled food fruits and eatable at cafe/restaurant considered as normal loss ?
latest answer
directly transferred to p and l account
Atharv Sankliya
CA Final
★ 3K+
6
438
Maths stats lr
Maths & Stats
answered on 25-Feb-23 18:03
Can u pls give me suggestion on how to study effectively for maths?
latest answer
Be clear with the concepts and formulas And attempt a lot of MTP questions or really helps
praveen
CA Foundation
★ 320
5
471