Forums
Registration
Indirect Taxation
answered on 13-Dec-22 12:00
Do Aggregate Turnover includes Supplies made on Reverse Charge Mechanism?
latest answer
Includes outward supply of RCM
Udaya Kumar
CMA Inter
★ 920
2
508
Bills of exchange
Accountancy
answered on 13-Dec-22 04:44
How to calculate the second bill discount amount? Cash a/c Dr. 2825 Discount a/c Dr . (?) To Anup a/c. (?)
latest answer
I got the answer it's Discount to be borne by Suresh =10000+2825= 12825 =12825/17100Ã?400=300
Rishit Tiwari
CA Inter
★ 425
3
397
Registration - Special Cases
Indirect Taxation
answered on 14-Dec-22 09:57
A person from Maharashtra is supplying only exempted goods, and his turnover exceeds Rs. 45 Lakh. Now in this case is he liable to register under GST Act?
latest answer
If a person is dealing exclusively in exempt supplies then registration is not required.
Udaya Kumar
CMA Inter
★ 920
6
437
treatment of recovery from transporter
Costing
answered on 16-Dec-22 11:32
can anyone please solve this question
latest answer
abnormal gain
Manish Kumar Jha
CA Inter
★ 5
4
454
Borrowing cost
Financial Reporting
answered on 19-Dec-22 16:57
In the Ind As it is specified exchange loss to the extent of saving in interest b/w loan in foreign currency vs loan in functional currency is considered as borrowing cost In reverse scenario if the interest paid due to due to exchange diff in foreign loan is more than that would have been paid if the same loan is taken in functional currency Then can the interest paid in excess of interest would have been paid in functional currency is treated as exchange loss or total actual interest paid is treated as borrowing cost?
latest answer
Only exchange losses are considered and added to the cost of borrowing.
manikanta vinay
CA Final
★ 0
3
454
Subsidiary books
Accountancy
answered on 12-Dec-22 22:37
In illustration 5, why we are posting only two purchase return entries which has debit note, while not the other two.
latest answer
Thank you bro
Vijay K
CA Inter
★ 9K+
3
442
Rectification of errors
Accountancy
answered on 13-Dec-22 11:17
Cash sale of â?¹ 850 to Meenu was posted to the credit of Meena. What is the rectification entry?? and also explanation of it?
latest answer
You would have accounted for cash in cash book
Monika T
CA Final
★ 7K+
8
399
Exam questions order
Accountancy
answered on 21-Jan-23 00:09
Sir we can write the answers of the questions in any order right. Like, 1) all subsection 5) all subsection 3) all subsection 6) all subsection 2) all subsection 4) all subsection Or we have to write orderly like 1,2,3,4,5,6. In June 2022, i wrote orderly so that I can't attend for 100 marks. I had Leave 15 marks questions which I know the answers.
latest answer
Any order can be followed
Vijay K
CA Inter
★ 9K+
3
369
Ind AS-36
Financial Reporting
answered on 13-Dec-22 10:12
What is non arbitrary basis of allocating of good will
latest answer
With proper logic
Pavansai Lanka
CA Final
★ 200
1
416
Final alc
Accountancy
answered on 12-Dec-22 17:22
What to do mean for 1) ?
latest answer
Tq sir
Sai G
CA Inter
★ 6K+
8
479