Forums
Partnership at will
Corporate & Other Laws
answered on 15-Apr-21 20:44
Plsss explain the 2nd point sir
latest answer
It means any provision which in any way indicates when there will be conclusion / termination of partnership
Reetikaa R
CA Final
★ 7K+
1
455
Investment accounts
Accountancy
answered on 15-Apr-21 18:17
How do we got the interest amt
latest answer
Interest will be paid half yearly on 31st of March and 30th of September. 1. On the date of purchase i.e. 1st December. 2 months interest got accrued. (October and November). Interest= 10 lakhs *12%*2/12 = Rs. 20,000 2. On the date of sale, i.e. 1st March. 5 months interest got accrued. (October, November, December, January and February) Interest= 10 lakhs *12%*5/12 = Rs. 50,000
Sandhya K
CA Inter
★ 5
1
606
Section 18(6)
Indirect Taxation
answered on 26-Apr-21 12:54
Whether ITC on capital goods to be reduced by 5% per quarter from date of invoice or whether ITC to be calculated for the remaining useful life? Both the methods have been given in study material.
latest answer
5 years useful life - comes to 20% per year - comes to 5% per quarter
Nivedha Balaji
CA Final
★ 9K+
3
720
Grossing up divided
Accountancy
answered on 15-Apr-21 16:47
Is there any changes in the rate of DDT ???? Which was 17.472 something...
latest answer
No longer applicable
thangam shiva
CA Inter
★ 10K+
2
648
Golden rule of accounting
Accountancy
answered on 15-Apr-21 14:15
For the 1st example the nature of account was mentioned as personal for both transactions but in the demo class they said real and person ... please do explain it
latest answer
Okkay ...
mifra tajroon
CA Inter
★ 10K+
7
821
Doubt
Corporate & Other Laws
answered on 15-Apr-21 15:58
The given eg. Doesn't match with th provision right? Or am I wrong
latest answer
Ok sir
Sri kanaga Varshini
CA Final
★ 3K+
4
766
Issue of prospectus
Corporate & Other Laws
answered on 16-Apr-21 12:57
According to the companies act we know that a prospectus is valid for 90 days after filing it with the or OC and there is no need to file another prospectus in case of issuing of similar securities by the company, Does that mean the issue of another similar type of securities must also be within the 90 days limit or need not to be?
latest answer
Sec 26 says that in case of similar shares debentures are issued which are uniform in all respects with previously listed issues, then following info need not be given again in prospectus: - info & reports specified by SEBI - declaration about compliance with governing acts However, prospectus will still have be issued never the less. Only the above info need not be specified again. The 90 day limit is for validity of perspective after delivering it with Roc. In 90 days it must be published so potential investors can read and invest. If the same Prospectus is not issued then it will expire and new prospective has to be drafted and again submitted to the registrar and then published. Both provisions are separate. Even in case of similar securities issued within 90 days new prospectus will have to be issued only the above information need not be submitted again.
TarunGopi Katragadda
CA Inter
★ 135
1
665
Doubt
Accountancy
answered on 16-Apr-21 13:10
Sir Why expense payable not written in balance sheet but it is a liability
latest answer
Outstanding expense were unrecorded in the P&L due to which profit was understated. In the P&L adjustment a/c the brought down balance is before adjustment of expenses. Hence instead of 1,50,000 we have debited P&L with 1,80,000 and simultaneously corrected the profit. Fixed assets also have been adjusted with depreciation and closing balance is appearing in balance sheet
sai t
CA Foundation
★ 2K+
5
554
EIS
Information Systems
answered on 27-Apr-21 14:30
Any one have purchased EIS subject?
latest answer
https://t.me/eissm/325
SURESH REDDY GADDAM
CA Final
★ 230
17
704
Charge of gst
Indirect Taxation
answered on 16-Apr-21 13:30
Is 9(4)of Gst act applicable currently sir?
latest answer
Yes
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
4
661