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As11
Accountancy
answered on 07-May-21 11:01
Why closing stock of integral foreign operation are translates using the closing rate? Closing stock being non monetary item should have been translated at the rate that existed at the date of transaction ?
latest answer
Ok sir
Abhishek Purohit
CA Inter
★ 10K+
6
793
Capacity to contract
Corporate & Other Laws
answered on 10-May-21 18:38
What is the provision and the conclusion of the given cases?
latest answer
Here we can use the provision of a minor can plead minority. Even if he obtains any amount by fraud, he shall not be held liable for it. This is mentioned under rules regarding minors position in a contract
Adarsh Gudivada
CMA Final
★ 28K+
4
635
AS-1
Accountancy
answered on 06-May-21 15:29
As per AS-1 Disclosure of accounting policies' any change in an accounting policy can be called out under any of the three circumstances a) requirements of law / statute b) requirement of accounting standard c) for better presentation ,which has a material effect should be disclosed in the financial statements ,the AMT by which any item in the financial statements is affected by such change should also be disclosed to the extent ascertainable where such amount is not ascertainable, wholly or in part ,the fact should be indicated .Is this ok for the provision para for case based question related to AS-1 sir?
latest answer
Thank you sir
SREEABITHA SENTHILKUMAR
CA Inter
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2
698
AS 16 - Illustration 6 (May 2019)
Accountancy
answered on 06-May-21 13:11
Can we assume that the specific loan has been utilized fully on 1st April itself, instead of assuming that it has been utilized proportionately throughout the year?
latest answer
Got it sir. Thank you so much.
Nivedha Balaji
CA Final
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5
631
Answer for mcq
Corporate & Other Laws
answered on 06-May-21 14:34
What is the ans for this fir 3 rd ques
latest answer
Relevant doubt. Let's read once carefully: As per Sec 13 of Act, all legislations and regulations, unless there is anything repugnant in the subject or context- (1) Words importing the masculine gender shall be taken to include females, and (2) Words in singular shall include the plural and vice versa So, basically vice versa is for second sentence only
Sathiya Bama
CA Final
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3
628
May ipcc 2021
Exams
answered on 06-May-21 12:59
Sir what will be the expected date for may 2021 exam
latest answer
Depends on Corona Situation. Will have to wait to get clarity
Sajan Gangadharan
CA Final
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1
797
Salary
Direct Taxation
answered on 06-May-21 08:34
Telephone allowance is exempt allowance or taxable allowance which is provided by emplyer
latest answer
Telephone allowance is completely taxable
SAKTHI VIGNESH
CA Inter
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2
617
Law
Corporate & Other Laws
answered on 06-May-21 12:29
For this question SEC 22 is used in answer, but section 22 is for BoE promissory notes etc so why is SEC 22 used in case of a partnership deed?
latest answer
Yes sir thank you!
Priyanka Udeshi
CFA L1
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4
740
Warranty
Corporate & Other Laws
answered on 06-May-21 11:04
On products , we have warranties like 4 years ...is that the same warranty we studied in law , I.e , conditions n warranty chapter??
latest answer
yes
Reetikaa R
CA Final
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1
559
Law
Corporate & Other Laws
answered on 06-May-21 09:59
In this question 13(9) and (10) is used However in ICAI module these provisions are contained in points 10 and 11 why so? Which subsections are correct?
latest answer
To add onto above answer. Points in ICAI SM are not sub-sections. They are simply section broken down into points for understanding / presentation. Also, it's okay, if you just write - as per provisions contained in Section 13 of the Companies Act....
Priyanka Udeshi
CFA L1
★ 14K+
2
595