Forums
Labour
Costing
answered on 11-Jul-21 08:12
In illustration 5 1. In calculating net profit why outward journey c-b didn't include?? 2. Why penalty reduced 2 times??
latest answer
c-b is included in the outward journey of a-b
Kanaga Mani
CA Inter
★ 3K+
2
639
As 16
Accountancy
answered on 10-Jul-21 16:14
In Lecture 10 of AS 16 the solution shown is diff from icai sugg ans Which one to follow?
latest answer
Okay Sir Thankyou!!
Priyanka Udeshi
CFA L1
★ 14K+
10
610
Rectification
Accountancy
answered on 09-Jul-21 16:24
"B" purchase goods on credit for Rs.50,000 from Ram. He made this entry in sales book instead of purchase book. Why can't we just stick those errors instead of rectifying the errors?
latest answer
Most welcome!
Vijay K
CA Inter
★ 9K+
5
542
Service costing
Costing
answered on 09-Jul-21 14:48
How they arrive this cost??
latest answer
Thenks ð??¹
Sathiya Bama
CA Final
★ 24K+
8
738
Accounts of companies
Corporate & Other Laws
answered on 09-Jul-21 21:26
In the last para last line what does AUDITED ACCOUNTS mean Does is refer to books of accounts of subsidiary???
latest answer
Answered this here: https://1fin.page.link/hX6UXSVitvvUkJLd7
Sai Teja
CA Final
★ 14K+
1
568
Accounts of companies
Corporate & Other Laws
answered on 09-Jul-21 13:27
In the last para last line what does AUDITED ACCOUNTS mean Does is refer to books of accounts of subsidiary???
latest answer
It means audited financial statements of subsidiary
Sai Teja
CA Final
★ 14K+
1
652
Aggregate turnover
Indirect Taxation
answered on 09-Jul-21 13:37
A supplies goods to B for 10000. B pays GST directly to the Government (i.e. on Reverse charge basis) will this 10,000 be included in the Aggregate turnover in respect of A?
latest answer
My pleasure . All the best
Girinath A
CA Inter
★ 765
20
657
Basic
Indirect Taxation
answered on 09-Jul-21 13:45
Why supply to special economic zones are treated like exports?
latest answer
Special Economic Zones (SEZ) and Export Oriented Units (EOUs) schemes are part of export promotion strategy. Special Economic Zone (SEZ) is a specifically delineated duty free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. It is set up primarily to promote exports, even GST regime continues to incentivize SEZ units by extending due benefits for their authorized operations.
Girinath A
CA Inter
★ 765
1
655
Basic
Indirect Taxation
answered on 09-Jul-21 12:48
"A" Purchases goods and on that he pays GST Rs. 1500. "A" sold the goods to "B". In the sale transaction the recipient "B" pays GST to "A" Rs. 1800. Likewise, in case of export, why the receipient outside India is not paying GST?
latest answer
GOI encourages export as it improves currency reserves, GDP and balance of trades.
Girinath A
CA Inter
★ 765
5
542
Vindictive or Exemplary Damages
Corporate & Other Laws
answered on 14-Jul-21 10:00
How can a groom or bride can get awarded by damages on breach ? ..Because marriage is not a contract it is a social agreement and cannot be enforced by law.
latest answer
In case of breach of promise to marry and wrongful dishonour of cheque by the banker , vindictive damages can be claimed by the aggrieved party. Even if marriage is a social agreement which is not enforceable in court of law, court may award vindictive damages to aggrieved party in case of breach of promise to marry by party at fault. Court can direct the party at fault to pay vindictive damages to aggrieved party even if marriage is not in the purview of Contract Act as a compensation for mental injury suffered by the aggrieved party.
HARSH BHARGAV
CA Foundation
★ 2K+
2
1K+