Forums
Salaries
Direct Taxation
answered on 19-Feb-22 11:13
Will SBI employees considered as government employees for computattion of gratuity ?
latest answer
No
Sai Vema
CA Final
★ 108K+
1
444
Financial statements
Accountancy
answered on 19-Feb-22 09:41
How to treat Provision for taxation :- 50000 Income tax paid :- 40000 While preparing profit and loss account and balance as per schedule 3.
latest answer
PL dr 50000 BS Provision 50000 liability Advance tax 40000 asset
Hemanthkumar Hemanth
CA Foundation
★ 670
1
443
Public company
Corporate & Other Laws
answered on 21-Feb-22 11:53
If company is not listed and private company For these companies within How many days right shared bonus shares need to allot? Plse tell which sec...sir
latest answer
Allotment of securities must be done within 60 days of receiving application money
Nivetharaman Raman
CA Foundation
★ 11K+
1
407
Chapter 1
Accountancy
answered on 19-Feb-22 09:17
can anyone explain the third question of sub part no -01 was given in below image With logic also pls anyone......
latest answer
Ok sir
Balachandar S
CA Inter
★ 59K+
4
455
Bill of exchange
Accountancy
answered on 19-Feb-22 11:59
Can we give an Part to X on second bill drawn by Y
latest answer
There seems to be a missing line in question after with he help of which the first bill, but yes usually some amount will be given to X.
Gaurav Vyas
CA Foundation
★ 0
1
518
Accounting concepts
Accountancy
answered on 19-Feb-22 05:05
What are the two basic difference among Accounting concepts, principals and conventions ?
latest answer
* Concepts-------- assumption having Universal application based on which financial statements are prepared *conventions:----- rules as per usage practice and Customs *principal------- rules relating to theory and procedures Note: about three are known as (GAAP) -}}} Generally Accepted Accounting principles which is backbone of accounting system
Jitendra Kumar
CA Final
★ 41K+
1
536
Finanal Accountants
Accountancy
answered on 21-Feb-22 10:51
Net profit
latest answer
Provision for taxation will be shown as liability in Balance Sheet (not in P&L as already a part of Trial Blanace). Income tax paid as asset.
Hemanthkumar Hemanth
CA Foundation
★ 670
5
450
Financial Accounting
Accountancy
answered on 18-Feb-22 21:06
Answers
latest answer
Sry sir I post wrong photo
Hemanthkumar Hemanth
CA Foundation
★ 670
2
530
PARTNERSHIP ACCOUNTS -------------> Hidden Goodwill
Accountancy
answered on 19-Feb-22 13:56
If hidden goodwill exists in question, can I raise goodwill and then written off it ( if question remains silent regarding same )? Would It be done as mentioned above ?
latest answer
Thx sir
Varun Mulay
CA Final
★ 39K+
5
543
Derivative
AFM
answered on 19-Feb-22 09:29
can you please tell me ans of que 6(iii). basis - 24 ( spot 2400 - future 2376) its contango or backwardation?
latest answer
Yes Thanks for confirmation
DRASHTI DHANESHA
CA Final
★ 1K+
3
674