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Corporate & Other Laws
answered on 15-Mar-22 13:42
Is it necessary to write sections in exam?
latest answer
TQ u
Priyanka R
CA Final
★ 20K+
6
500
Basic
Financial Management
answered on 14-Mar-22 22:02
When we subtract Gross Profit from sales... What we get?? Cost of Goods Sold or Cost of Production?? I get confused in the two..
latest answer
Cost of goods sold
Ishika Goel 282
CA Final
★ 3K+
6
544
Contingent Asset and Liab
Accountancy
answered on 04-Apr-22 18:28
Please explain the below in simple words A contingent liability needs to be disclosed in financial statements unless possibility of outflow of a resource embodying economic benefits is remote. I thought it should not be disclosed in FS but mentioned in notes.
latest answer
Contingent liability is never recognised in financial statements.
Ratnasri N
CA Foundation
★ 0
7
925
Receivable management
Financial Management
answered on 12-Mar-22 22:13
In receivable management chapter In calculating cost of debtor is ROI taken at pre tax rate or after tax rate ??and why??
latest answer
Thanks sir
manoj kiran
CA Final
★ 820
4
568
Working Capital Mgt. Unit 1
Financial Management
answered on 13-Mar-22 12:52
Illustration 3 of ICAI Mat For calculating debtors, why cost of sales is taken? From my point of view, Debtors pay sales price. So, full sales amount should be taken rather than cost of sales.
latest answer
Cost of sales is considered because that is what the company has invested. Please note that both views are acceptable - sales as well as cost of sales. If however, cost of sales is available, we prefer that.
Ishika Goel 282
CA Final
★ 3K+
1
480
issues
Others
answered on 12-Mar-22 22:47
how to overcome over-sleeping and mobile addiction
latest answer
Over sleeping is mostly a symptom of stressed body or mind. Mobile addiction is often a reason behind poor sleep quality which leads to over sleeping. There are multiple ways to reduce over sleeping. The fastest one is to keep your phone switched on/ with you only for 1 hour in a day. The rest of the time either keep it far away or switched off. Doing this for 2 weeks will automatically improve your sleep quality.
Vishal Pangam
CA Inter
★ 180
1
546
Deposit
Corporate & Other Laws
answered on 14-Mar-22 14:04
What is the meaning of this sentence? 1st paragraph
latest answer
Advance given in legal proceedings or is subject matter of some court i.e. a case is filed wirh regard to it
Sumita Shah
CA Inter
★ 2K+
2
600
Deposit
Corporate & Other Laws
answered on 12-Mar-22 22:12
What is the meaning of black underlined sentence?
latest answer
To the extent of annual salary, it would not be considered as deposit
Sumita Shah
CA Inter
★ 2K+
1
485
Doubt
Indirect Taxation
answered on 14-Mar-22 17:09
What is the difference between distinct person and establishment of distinct person.....?
latest answer
Welcome
Sri kanaga Varshini
CA Final
★ 3K+
9
528
Other services by composition tax payer:-
Indirect Taxation
answered on 12-Mar-22 18:06
Value of any other services = 10% of turnover in state in preceeding FY (or) 5L - whichever is higher. In this sentence, Please explain, what is "value of other service"?
latest answer
In general, service provider cannot opt for regular composition scheme. However, if any trader or manufacturer or restaurant service provider opts for composition scheme he can continue under composition even if he provides any other services provided the value of that other service does not exceed 10% of turnover in state in preceeding FY or 5L whichever is higher.
Girinath A
CA Inter
★ 765
1
531