Forums
Contract of Pledge
Corporate & Other Laws
answered on 15-Apr-22 09:00
Whether the Pawnee or pledge can use the goods for authorised purpose or agreed purpose
latest answer
Pawnee has a right to retain the goods pledged until payment of debt, interest and any other expense incurred for maintenance of such goods. Pawnee has a right to sell the goods after giving reasonable notice and time to pawnor.
Subramanyam N
CA Inter
★ 6K+
2
433
market value book value ratio
Financial Management
answered on 14-Apr-22 12:26
Usually equity or networth = equity share capital+PREFERENCE SHARE CAPITAL+reserves and surplus-p&l debit balance, right? In book value market value ratio, the denominator( i.e book value) is networth / No. of equity shares. In this networth, will preference shares be included?
latest answer
No
Ali S
CA Final
★ 8K+
1
410
Calculation of short sale
Accountancy
answered on 15-Apr-22 17:37
In illustration 8 of icai material ,the short sale in directly given ,and there is no mention of any trend ,but they have adjusted the short sale ,considering the the reduction in turnover is completely in the first 3 months Can anyone explain this pls ,or there is any mistake in the material
latest answer
Thank you so much for the answer sir
mani charan
CA Final
★ 3K+
3
527
doubt
Direct Taxation
answered on 14-Apr-22 09:33
Doubts relating to ILLUSTRATION 13 given in (class 19 additional illustration : agg. of income , set off , c/f of losses ) (1) Why income u/s 112 is not taxed @ special rate of 20% while computing tax liability ? (2) In the explanation after computation of tax liability I don't understand the 1st note given ( after time 12:10 - doubt regards to 1st note given only ) about the basic exemption of RS.250000 gets exhausted against salary of RS.45000 & LTCG of RS.35000 . sir can you give me a understanding of what this explanation says ?
latest answer
(1) proviso to Sec 112(1)(a) "Provided that where the total income as reduced by such long-term capital gains is below the maximum amount which is not chargeable to income-tax, then, such long-term capital gains shall be reduced by the amount by which the total income as so reduced falls short of the maximum amount which is not chargeable to income-tax and the tax on the balance of such long-term capital gains shall be computed at the rate of twenty per cent ;" Hence if we have a basic exemption left, we can adjusted with LTCG u/s 112
Muhammed Salih
CA Inter
★ 18K+
2
474
IND as 21
Financial Reporting
answered on 14-Apr-22 18:57
Can any one give me an example for the recognition of the exchange difference?
latest answer
Thank you sir
Chandu vadla
CA Final
★ 11K+
2
566
Grp 2
Exams
answered on 14-Apr-22 08:37
Any one has MTP RTP of may 19 onwards?
latest answer
https://www.indigolearn.com/resources
Sathiya Bama
CA Final
★ 24K+
2
521
Liquadation
Accountancy
answered on 16-Apr-22 17:40
Sir,can kindly explain calculation of liquidator remuneration and money contributed by equity shareholders I couldn't understand the working of icai
latest answer
Shortage of funds is 19,600. If you call 100 from shareholders , you need to pay 2 to liquidator. So net balance left would be 98. We need total of 19,600. For net balance of 98, 100 is called from shareholders For net balance of 19,600, how much? Cross multiply : 19,600 x 100 /98 = 20,000
Vysali Pasumarthy
CA Inter
★ 1K+
1
435
BCR
Corporate & Other Laws
answered on 14-Apr-22 09:37
WHAT is idioms can anyone explain me pls with laymans examole if any pls
latest answer
group of words which have a meaning other than literal meaning, Ex: "Butterflies in my stomach" Literal meaning - having butterflies in a human stomach Idiom meaning - To be nervous How to use in sentence - I had butterflies in my stomach before I went on stage to give a lecture.
Bala Chandar
CA Final
★ 5K+
3
512
Partnership accounts (Unrecorded liability )
Accountancy
answered on 15-Apr-22 17:41
What is treatment of Unrecorded liability taken over by purchasing firm and also explain the reason
latest answer
While calculating purchase consideration reduce it.
Vemula Mounika
CA Final
★ 2K+
1
416
Redemption of Debentures
Accountancy
answered on 14-Apr-22 17:14
In the question its said that the balance on 31/3/20X2 is Rs. 750000 Then why in the answer the balance on 31 -3 - X2 Taken as opening ? And why is the Debenture interest not recorded ?
latest answer
Opening balance means for that day before the transactions were carried out. You can make an assumption and record debenture interest paid as well. Other wise make an assumption (as ICAI has done) that debenture interest is already paid.
R M
ACCA Professional
★ 4K+
2
562