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Insurance claims

Accountancy

answered on 06-Sep-22 20:02

Kindly explain 75000 sales adjustment what to do ??

latest answer

Remove from sales so that it is a part of stock. Same as illustration 3 in Study material.

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

★ 18K+

2

593

Concept of depreciation

Accountancy

answered on 29-Sep-22 15:57

For calculation of depreciation, shall we consider net method or Gross method in exams

latest answer

Mentioned in the question

Pandiri Varun kumar

Pandiri Varun kumar

CA Inter

★ 700

5

525

Doubt

Direct Taxation

answered on 06-Sep-22 18:55

Under sec 10 many exemptions have been given apart from agricultural income ..but itâ??s not covered in videos ..things like share income of partners ,remuneration received by individuals who are part of India ,etc..pls help me ..should I skip this part?

latest answer

It is covered after all heads of income are done. Because you will not understand it before heads of income

SANSKRITI BADRI 2111339

SANSKRITI BADRI 2111339

CA Final

★ 4K+

1

451

Journal and Ledger

Accountancy

answered on 06-Sep-22 22:23

Please tell me the Journal entries for transactions of Jan 19 Jan 25 Jan 26 Jan 27

latest answer

Discount/Rebate Account To Ahmed & Co.

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

★ 250

7

847

Can I ask My Doubt

Accountancy

answered on 06-Sep-22 18:46

Can I ask Doubt Here (If I encounter any); if I have not purchased classes from Indigo Learn?

latest answer

Yes u can

A B

A B

CA Inter

★ 105

2

702

Accounting Equation

Accountancy

answered on 08-Sep-22 10:37

Please help in bit no.(iii) and (xi) (iii) Sold his personal car for Rs 50000 and deposited in the firm's Bank Account (xi) Invested in shares

latest answer

Thanku sir

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

★ 250

7

1K+

Accounting Equation

Accountancy

answered on 06-Sep-22 19:31

What is the change in Assets or Liabilities in case of 1. Money withdrawn from bank for personal use 2. Purchased a cycle for his son/brother 3. Sold his owned bike for Rs 50000 and deposited the amount in bank account.

latest answer

2. Increase in drawings and reduction in cash/increase in creditors 3. Increase in capital and increase in bank

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

★ 250

2

603

CHARGEABILITY

Indirect Taxation

answered on 09-Sep-22 09:30

Can pls someone tell here in ques 3 the services is provided a firm to a co. So how it come under RCM

latest answer

Services provided by way of sponsorship to any body corporate or partnership firm BY ANY PERSON to anybody corporate or partnership firm located in the taxable territory is notified service for RCM under Sec 9(3)

Indrajeet Sahu

Indrajeet Sahu

CA Final

★ 15K+

3

598

General doubt

Accountancy

answered on 07-Sep-22 09:40

What is written off in Accounts mean?

latest answer

Got it Sir. Thank you.

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

★ 18K+

10

629

OPC conversion

Corporate & Other Laws

answered on 06-Sep-22 19:15

Pls tell me whether the provision highlighted in the image is applicable today. There was an amendment right.

latest answer

Yes

Sibi Srinivasan

Sibi Srinivasan

CA Final

★ 22K+

4

739