Forums
Depreciation
Accountancy
answered on 26-Jul-22 10:22
Is land alone non dep fixed assets or are there any other fixed assets?
latest answer
Intellectual property is a wider term than know how.
Sugam SM
CA Final
★ 9K+
6
453
Past Analysis
Exams
answered on 26-Jul-22 06:57
Do past analysis of exam papers are really helpful in understanding the chapter weightage in exams?
latest answer
You will get to know the difficulty of the question paper and you can strategise about how could you perform well in the main exam depending on the previous papers..
Swetha S
CA Inter
★ 15K+
4
734
Cash settled employee share based payment plans
Accountancy
answered on 26-Jul-22 10:26
Can anyone explain cash settled plan with an example...
latest answer
Thank u sir
Sajeetha R
CA Final
★ 46K+
6
401
Income tax return
Direct Taxation
answered on 28-Jul-22 10:53
A person who is a non-resident, filed income tax return in ITR-1 form, insted of ITR-2 (for the past 3 years) by selecting residential status a "Resident" in ITR-1 by mistake. Please let me know, 1. What are the consequences for doing so? 2. Is there any process to rectify the same?
latest answer
You can see the status of return in Income tax portal. Whether it was processed or not
Ravi Teja
Qualified CA
★ 61K+
3
485
CA INTER NOV 2022
Exams
answered on 25-Jul-22 21:14
I havent started studying yet for Nov 2022 exams.I do have 100 days for Nov 2022 exams.I am fresher and haven't joined classes too.Planning to self study.Is that possible to prepare for CA INTER in 100 days for a fresher student that too with self study if I start from today ??.
latest answer
Support@indigolearn.com
Raj Divik
CA Inter
★ 0
12
554
Bill to Ship to Model
Indirect Taxation
answered on 26-Jul-22 13:52
How much E-way bill require to generate in Bill to Ship to model and who is generate E- way bill in this model.
latest answer
Only one e-way bill needs to be prepared for Bill To Ship To model of supplies. As per the CGST Rules, 2017 either person ordering or person sending can generate the e-Way Bill.
ANIL KUMAR
CA Final
★ 0
1
481
Hire Purchase - Journal entries in the books of Hire Vendor under sales method and intrest suspense method
Accountancy
answered on 26-Jul-22 11:04
When should Hire Purchase sales A/c[H.P.sales a/c] is to be closed i.e., transfered to Trading a/c At the time of down payment or At the time of last instalment or To the extent of cash price in each instalment
latest answer
Hire purchase sales account is like usual sales account (nominal) , transferred to profit and loss account at year end at the time of it's preparation. Hire purchaser account Dr. To HP sales account (Being assets sold under hire purchase agreement) Where as the hire purchaser account is credited for receipt of down payment and cash price of each instalment, such hire purchaser account is shown in assets side of balance sheet in the books of hire vendor.
lohith perumalla
CA Inter
★ 8K+
2
2K+
Employee stock option plan
Accountancy
answered on 25-Jul-22 18:49
What's the difference between face value and securities premium
latest answer
Face value is the registered price of the share of the company itâ??s also known as par value. When the shares are issued above the face value that at a premium, the premium amount to transferred to securities premium A/c. For example, the face value is â?¹10 company issues the share at â?¹15 here 5 is the premium amount. Bank A/c Dr. â?¹15 To Equity Share Capital A/c â?¹10 To Securities Premium A/c â?¹ 5
Venkatesh .
CA Inter
★ 4K+
2
430
Insurance Claims - Loss of Profit
Accountancy
answered on 26-Jul-22 16:40
While calculating addmisable additional expense Why the 3rd value I.e gross profit generated additional sales due to additional expense is to be considered What is reason for considering this value?
latest answer
Well explained.
lohith perumalla
CA Inter
★ 8K+
27
504
NATIONAL INCOME ACCOUNTING
Economics
answered on 24-Jan-23 19:49
In illustration 12,Whether purchase of material should be considered as intermediate consumption and if not,why?
latest answer
There is no need to consider the amount of "purchase of materials" as the amount of "intermediate consumption" is directly given.
LBK YOUNGSTARS
CA Inter
★ 5K+
5
552