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Final accounts

Accountancy

answered on 24-Jul-21 08:33

Sir, here the fire broke out on 1st April 2018 but the financial year closes on 31st March 2018. So should we consider this adjustment in final accounts or not?

latest answer

No, we shall not consider it.

siva chaitanya

siva chaitanya

CA Final

13K+

3

629

Registration

Indirect Taxation

answered on 23-Jul-21 18:00

Outward supply under rcm is included in aggregate t/o for checking threshold limit for registration??

latest answer

Thank u

Harshita Kedia

Harshita Kedia

CA Inter

4K+

2

574

Exam

Others

answered on 23-Jul-21 14:07

Sir if i dont give exam in july 2021 foundation then it will count as an attempt or opt out

latest answer

attempt

Amisha Mahajan

Amisha Mahajan

CA Foundation

2K+

1

606

Nov 21 exams

Exams

answered on 23-Jul-21 14:07

As the results for july 21 exams are expected by september , does icai conduct nov 21 in nov or it will follow 6 months gap between attempt and conduct in jan,though we can't predict is there any chance of delay of exams?

latest answer

Exams may not be held in early nov as the usual case is but they conduct them in late Nov or dec; Jan may be too late as icai also would want to get back to normal routine from May 22

Vamsi Krishna

Vamsi Krishna

CA Inter

121K+

1

717

Data flow diagrams

Information Systems

answered on 28-Jul-21 12:18

Are data flow diagrams out of syllabus for Nov 2021 ??.. Anwesh sir said that DFDs are not important for the exams..

latest answer

Faculty opines that they are not important for the exams.. They are explained in the SM

Abhishek Kumar Pandit

Abhishek Kumar Pandit

CA Final

4K+

3

547

Treatment of membership fees and entrance fee

Accountancy

answered on 24-Jul-21 12:37

If nothing is specified in the question how should we treat membership fee and entrance fee in npo?

latest answer

You mean whether income or not? You can show in Income and Expenditure and put a note.

MATURU HAMSA GAYATRI

MATURU HAMSA GAYATRI

CA Final

23K+

1

553

Itt

Others

answered on 23-Jul-21 12:38

Is laptop is mandatory for doing itt

latest answer

Yes, because the course becomes useful in your Articleship It is related to the computer work, Excel and other files preparation.

Sairam Reddy

Sairam Reddy

CA Final

10K+

1

542

Composition scheme

Indirect Taxation

answered on 24-Jul-21 14:19

Can anyone tell how will treat supply of service liable for gst @18% given in point (2)

latest answer

In both the cases it is 0.5% and 0.5% only

Harshita Kedia

Harshita Kedia

CA Inter

4K+

4

639

Final accounts

Accountancy

answered on 23-Jul-21 09:59

What is the effect of this adjustment in the final accounts

latest answer

Yes sir, understood

siva chaitanya

siva chaitanya

CA Final

13K+

9

558

Final accounts

Accountancy

answered on 24-Jul-21 08:26

when income tax paid is given inside trial balance Then we should deduct from drawings know sir?

latest answer

It will be deducted from capital in the balance sheet. It will be treated similar to drawings as income tax in case of propreitor is personal liability

siva chaitanya

siva chaitanya

CA Final

13K+

8

719