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Example
Auditing
answered on 20-Sep-21 16:19
Why is accounts payable not checked by accounts payable listing?
latest answer
In case of overstatement of receivables, we can get to know which accounts were overstated by listing all accounts. But in case of understatement of payables, listing of accounts may not be appropriate as already some parties would have missed. That understated party or amount possibly would not be there in total accounts payable listing.
Aman Mahajan
CA Final
★ 19K+
1
542
Incomes to MP,MLA
Direct Taxation
answered on 17-Sep-21 12:10
When mp mla receive income for their service..in which it is to be included Income from salaries or income from other sources..I have seen that it is included in ifos but what is the reason for it ..it should be under salary head??
latest answer
There is no employer employee relationship
vasabattula abhinav
CA Final
★ 85
1
644
Interim Dividend- Reserves and surplus
Corporate & Other Laws
answered on 17-Sep-21 23:59
The 4 conditions(Rule 3) for declaring dividend from Reserves and Surplus does it apply to Interim Dividend too? Or only the 1st condition is applicable to declare the Interim dividend from reserves and surplus.
latest answer
Thanks a lot Ma'am.
Dhivyaa Latha
CA Inter
★ 4K+
2
663
Certificate of undergone 8 months study period
Exams
answered on 17-Sep-21 17:44
Sir they mentioned to produce a certificate of study period of 8 months , where can i find the format of such certificate.
latest answer
Ok thank you sir
Balamurugan V
CA Final
★ 52K+
2
869
Final exams
Others
answered on 17-Sep-21 11:35
Do you classes for final
latest answer
Yes, we have classes for SFM and IDT. Please click on the following link - https://www.indigolearn.com/courses/CA-Final/mckwrj
Aishwarya C
CA Inter
★ 600
2
544
Consolidation
Accountancy
answered on 17-Sep-21 11:00
The additional depreciation which has been provided on revaluated amount...it's been considered to post acquisition.... whether it will be taken to consolidated profit and loss account ..?
latest answer
Thank you..!
Ravichandran H
CA Final
★ 6K+
2
499
Use of calculator
Others
answered on 17-Sep-21 10:26
For ppa and bm, is calculator allowed?
latest answer
Ok sir
Sibi Srinivasan
CA Final
★ 22K+
2
541
Segment expense
Accountancy
answered on 17-Sep-21 16:41
Segment expense includes portion of enterprise expense allocated to the segment. So why in illus 4 head office costs allocated to segment is not included in segment expense?
latest answer
It should have been considered as segment expense. But its missed in the above solution
Aman Mahajan
CA Final
★ 19K+
1
483
Capital gains
Direct Taxation
answered on 17-Sep-21 07:58
Please explain
latest answer
Capital gain computation is possible where we can ascertain cost of acqusition without incertainity... In the above mentioned case law... Court ordered the same idea with regard to intangible assets.. In order to tax intangible assets ...later section 55 was amended and now no need to cost of acquisition... We need to take nil value as cost of acqusition.... In section 55 .... It doesn't include self generated goodwill of a profession. So... No capital gain taxability in respect of self generated goodwill oF a profession because it is outside the scope of section 55 and within the scope of above mentioned case law
Mahi Yadav
CA Inter
★ 0
1
542
Performance of contract
Corporate & Other Laws
answered on 17-Sep-21 10:58
Inconsistent with the ownership means.??
latest answer
It means buyer acts if it is the owner of goods - say sells or pledges them further
Reetikaa R
CA Final
★ 7K+
1
507