Forums
Redemption of debentures
Accountancy
answered on 04-Jul-21 20:54
If question is silent about interest payable, whether we can pass an entry for interest payment upto the date of redemption? (Because in institute study material, they didn't pass entry for this)
latest answer
Yes we have to pass entry for interest upto the date of redemption Can you share that question once
Nivedha Balaji
CA Final
★ 9K+
1
526
Flow charts
Information Systems
answered on 04-Jul-21 23:42
Sir, Please explain the calculation of output That is the answer to the (a) part of example 1.12
latest answer
Thank you sir I got it
Bliss Full
CA Inter
★ 580
2
577
Omrshading
Exams
answered on 04-Jul-21 20:01
Whether one shading can be done only with HB pencil
latest answer
Hb pencil as it shade dark
Sajan Gangadharan
CA Final
★ 9K+
4
610
Facts in Case Study
Corporate & Other Laws
answered on 04-Jul-21 21:47
Is it Compulsory to Write Facts in Case Study
latest answer
https://youtu.be/aeAoK6cu4cE
Bharath Sathvik
CA Inter
★ 490
4
600
Pre and post incorporation
Accountancy
answered on 04-Jul-21 20:04
Is Interest on loan taken in post incorporation period to pay the purchase consideration chargeable to pre incorporation period?
latest answer
Thank you sirr
Nagesh S Hegde
CA Inter
★ 11K+
6
560
Hire purchase
Accountancy
answered on 04-Jul-21 22:15
Can any one explain the reason behind hire vendor preparing interest suspense account
latest answer
It's just a method of accounting that would be at discretion of vendor depending on its business, items or volume. Vendor may want to know upfront how much it will get from particular vendor and may want to debit him with that amount at the time of sale / hire purchase itself.
Sairam Reddy
CA Final
★ 10K+
1
647
rule 36 ITC
Indirect Taxation
answered on 11-Jul-21 07:58
unmatched credit, in book they gave 10% whereas in video sir is 20% which one we should follow for nov21 exam
latest answer
Rule 36(4) states that the provisional tax credit (without invoices on GSTR-2B**) can be claimed in the GSTR-3B to the extent of 5%* of eligible ITC reflected in the GSTR-2B with effect from 1st Jan 2021. However, it was 10% between 1st Jan 2020 and 31st Dec 2020 while was earlier restricted to 20% for the period from 9th Oct 2019 up to 31st Dec 2019.. For Nov 21 attempt it would be 5%
GOKULA LAKSHMI
CA Final
★ 21K+
8
675
Preparation and presentation of FS
Accountancy
answered on 04-Jul-21 16:55
Sir bills payable and bills receivable comes under the head ?? In B/S
latest answer
current assets and current liabilities
Naresh M
CA Final
★ 75
1
550
AS 11
Accountancy
answered on 04-Jul-21 17:00
What is exchange difference in forward exchange contract?how it is determined ?
latest answer
Ok sir tnq
Abhishek Purohit
CA Inter
★ 10K+
6
652
Preparation and presentation of Financial statements
Accountancy
answered on 04-Jul-21 21:51
Sir, In Balancesheet they have given 12% debentures and bank balance is given. 1)What we have to assume sir Whether interest paid and bank balance already adjusted or 2) Interest is payable 3) interest is to be paid and reduce from bank balance
latest answer
Because paid up share capital doesn't include that amount. Had it been added, we would deduct then
M Naresh
CA Final
★ 3K+
3
564