Forums
SA 500
Auditing
answered on 30-May-21 21:28
Bank passbook is an example of internal evidence. Correct/Incorrect?
latest answer
If it is given by bank then we cannot say it is internal evidence. Some examples of internal evidence are invoices raised by entity for sales Acknowledgment given to creditors that goods have been received. Etc ......
Sreelakshmi P V
CA Final
★ 7K+
3
592
Mock test
Direct Taxation
answered on 30-May-21 17:39
Sir I have purchased taxation course. I want suggested answer for mock test sir. From where, I can get that sir?
latest answer
You can submit the mock test and get the answers.
Likhitha Sivani
CA Final
★ 14K+
1
651
Rectification of error
Accountancy
answered on 04-Jun-21 09:44
Goods worth 1,000 were sent on sale or return basis to a customer and entered in the Sales Book. At the close of the year, the customer still had the option to return the goods. The sale price was 25% above cost. Plz explain
latest answer
Deducted the sales and customer as per sir answer and added to stock on cost value
Gopal Garg
CFA L1
★ 5K+
2
654
Explanation
Costing
answered on 02-Jun-21 18:08
Please provide explanation video of ICAI Illustration 5 of service costing, it is not covered in lectures
latest answer
Trips A - B (300km one side) 10 trips Trips A - C (140 km one side) 2 trips Trip C - B (160 km one side) 2 trips So from A to B = 300 km x 12 trips = 3600 Trip B - A (300 km one side) 5 trips Trip B - A (300 km one side) 6 trips Trip B - C (160 km one side ) 1 trip Trip C - A (140 km one side ) 1 trip Back trip B to A = 12 trips 300 km per trip = 3600 km
Priyanka Udeshi
CFA L1
★ 14K+
5
673
Doubt
Accountancy
answered on 31-May-21 21:31
In redemption of preference shares, when we redeem it by using the divisible profit for using that why dont we pass any entry by debiting the p&l account but we dr. The p&l account for transfering it to CRR? Pls clarify where do i misunderstood the concept..
latest answer
Ok sir thank u
Sri kanaga Varshini
CA Final
★ 3K+
6
603
CHAPTER XII BA
Direct Taxation
answered on 30-May-21 17:52
Is a Firm as a Person included in List prescribed in Chapter applicability Criteria u/s 115 JEE ( i.e, Individual HUF AOP / BOI Artificial Judicial Person)
latest answer
Firm - 20 lakhs condition not applicable. Filing ITR - you need to check. Exams - Specific questions woudl be asked.
Salman Faris
CA Final
★ 44K+
2
737
Dematerialised form sub rule 8 & 9a
Corporate & Other Laws
answered on 30-May-21 19:28
Can anyone please address the meaning of attachment?
latest answer
We had uploaded this topic on YouTube. Please refer there once. Link below: https://youtu.be/cJHUaH-B_ZA?t=3845 Feel free to message, if it remains unclear.
HariPriya C
CA Final
★ 3K+
1
626
Doctrine of Indoor Management
Corporate & Other Laws
answered on 30-May-21 00:28
Exception of indoor Management Employee are agents of the company, they represent company And employers are liable for the actions of their employees So company should be liable, but that's not the case here why?
latest answer
Ok thnkx
Pankaj Bansal
CMA Final
★ 0
2
695
External & Statutory audit ?
Auditing
answered on 29-May-21 15:55
Is External audit and statutory audit are same? If yes/no,Explain it
latest answer
Yes
Naren
CA Inter
★ 90K+
3
609
44AB Applicability.
Direct Taxation
answered on 30-May-21 19:05
Suggestion needed to the below scenario. If an assesee have gross receipts for performing educational services up to Rs.80 lakhs per year. These services are also exempt from GST. His services do not come under Sec.44AA(1). In this case Tax Audit u/s 44AB applicable? Or he can opt for Sec.44AD up to gross receipt of Rs.2 Crore per year?
latest answer
Up to 2 Crore, no audit required u/s 44AB.
Balamurali Unnithan M S
CA Inter
★ 3K+
4
841