Forums
IFOS
Direct Taxation
answered on 10-Mar-22 10:28
where are provions of sec 94 given
latest answer
ok tq
Devi Kiran
CA Inter
★ 0
2
449
CARO 2020
Auditing
answered on 11-Mar-22 15:33
How to remember CARO 2020 in the order in a better way
latest answer
By making short notes yourself for each para and by making your own mnemonics for easy recollection. And revise 2 to 3 times
Mani Mohan Reddy
CA Inter
★ 7K+
1
648
Exam registration form
Exams
answered on 10-Mar-22 14:59
I didn't get my photograph and signature in the exam registration form after payment of fee. I got attestation and post it to ICAI bhawan in Chennai. My doubt is how can I know whether my form has been reached the office correct. And what will happen if the form is not sent to ICAI bhawan but stuck in or missed somewhere.
latest answer
All the best!!
Vijay K
CA Inter
★ 9K+
15
732
adjustmet frome final account for SP
Accountancy
answered on 11-Mar-22 15:37
Bank overdraft is secured against hypothecation of stock. Bank overdraft outstanding as on 31.3.2020 has been considered as 80% of real value of stock (deducting 20% as margin) and after adjusting the marginal value 80% of the same has been allowed to draw as an overdraft. GIVEN OVERDRAFT 320000 NOw how to calculate closing stock..first I thought 320000/80% i.e 400000 is closing stock but answer is 500000
latest answer
It will be be 3.2L/80% = 4L and then again 80% of that which gives us 5L (value of stock)
Harshitha Kalidindi
CA Final
★ 51K+
2
4K+
Examples of Companies Governed by any special act
Corporate & Other Laws
answered on 11-Mar-22 12:49
What are some of the examples for the "Companies Governed by any special act"
latest answer
Airports Authority of India, Oil and Natural Gas Incorporation etc.
Avasarala Vivek Aditya
CA Inter
★ 6K+
1
2K+
Accounting concepts, principles and conventions
Accountancy
answered on 11-Mar-22 15:42
While giving example of Matching concept purchase amount was taken into consideration. But under MCQs at the end of chapter 1(v) purchase amount is taken into consideration. I am confused. And how is the answer matching concept for the above?
latest answer
Purchases relevant to goods sold will only be taken. 4/5 of purchases - 15L i.e. 12L will be taken and then given expenses of 2.5L, net profit will be 18 L - 12 L - 2.5L = 3.5L
Ratnasri N
CA Foundation
★ 0
5
492
IndigoLearn (Error in chapter segregation)
Others
answered on 14-Mar-22 21:16
Hi Sir im using our IndigoLearn app for learning paper 7 in CA intermediate. In Strategic management chapter number 2 contains Porters five force model but it actually belongs to chapter 5. I think by fault in admin team changed name. So kindly change the name accordingly, it will helpful for students convenience. Please find the attachment
latest answer
Okie sir thank u
Jeevario 97
CA Final
★ 1K+
3
452
Trail Balance
Accountancy
answered on 10-Mar-22 11:04
In Trail Balance when there is a Purchases and Closing stock together how to record it????
latest answer
It means already closing stock is removed from purchases so just one treatment - record on debit side of balance sheet
Sadhvi
CA Inter
★ 8K+
1
491
Cash flow
Accountancy
answered on 09-Mar-22 19:30
Sir why in cashflow statements we are not taking cash purchase and cash sale in direct method
latest answer
We do take
Tyson Theclam
CA Inter
★ 0
1
314
Risk analysis
Financial Management
answered on 10-Mar-22 17:48
Why here only used minus box ??
latest answer
Thankyou so much sir
Sathiya Bama
CA Final
★ 24K+
6
481