Forums
Long term borrowing
Accountancy
answered on 30-Jun-21 17:50
What is the meaning of LONG TERM MATURITIES OF FINANCE LEASE OBLIGATIONS.?
latest answer
non current ( >1 year) payments of finance lease as per AS 19
bsai partish
CA Final
★ 2K+
1
482
Journal and ledger
Accountancy
answered on 30-Jun-21 17:25
In the preparation of journal and ledger in ICAI study material when it is given only as received from x or paid for erection of machinery etc,. in some cases it is considered as cash account involved and in some cases it is given as bank account so how to find where to use cash account and where to use bank account. kindly explain. Thankyou.
latest answer
In case 2; Erection of machinery . While buying a machine we are paying bulk amount.ao we are using bank transaction for that purpose. at the time of purchase of machinery only erection charges happens.so we are adding installation charges. So the bank transaction appears here.
Aswin Chandar
CA Final
★ 40K+
3
613
Journal and ledger
Accountancy
answered on 30-Jun-21 16:46
In my school days when recording discount received and discount allowed we used have 2 different accounts for recording them, however in ICAI study material a single discount account is maintained for both discount allowed and discount received entries. Should i follow the ICAI material and use discount account instead of discount allowed and discount received account. Kindly clarify. Thankyou.
latest answer
Follow ICAI
Aswin Chandar
CA Final
★ 40K+
1
500
Redemption of preference shares
Accountancy
answered on 30-Jun-21 17:02
In this question why does the cash and bank acc includes 7500?..while the int on deb to transferred to p &l acc..
latest answer
Thank you!
Pushkala S
CA Final
★ 3K+
5
738
Deductions chap Vl - A
Direct Taxation
answered on 01-Jul-21 11:14
No deduction of chapter Vl -A are allowed from following incomes is long term capital gain u/s 112 and 112A and STCG u/s 111A only or #entire capital gain incomes..?
latest answer
capital gain from sale of jewellery.
Saravanan
CA Inter
★ 2K+
6
568
CARO
Auditing
answered on 30-Jun-21 19:14
Which CARO should i study for NOV21???
latest answer
for Nov 21 as of now study CARO 2020 - if icai makes any announcement then study CARO 16
Lalit Sanpal
CA Final
★ 6K+
4
574
ITC
Indirect Taxation
answered on 30-Jun-21 13:08
Sir, if igst credit remains even after set off from igst,cgst and sgst. Can we carry forward that igst creidt sir?
latest answer
Ok sir thank u so much
Likhitha Sivani
CA Final
★ 14K+
2
714
Unable to login in cds to order my ca foundation books
Exams
answered on 30-Jun-21 16:21
I after sign in it is showing permission denied your account gets blocked pls try after some time
latest answer
Use your sro number and try to reset your password and login with new password!
Abeer Rehman
CA Foundation
★ 0
1
1K+
Partnership accounts
Accountancy
answered on 30-Jun-21 12:30
How come that 2000
latest answer
ð??? tqq
Triveni Patil
CA Inter
★ 290
3
525
P&L account
Accountancy
answered on 30-Jun-21 15:15
What if we take a lease of the building to store our finished goods for 50 years, we have show them P&L account or Balance Sheet?
latest answer
Thank you so much, brothers.
Vijay K
CA Inter
★ 9K+
3
558