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Accounting from incomplete records

Accountancy

answered on 10-Apr-21 10:22

How do we got the months of interest of capital and drawings

latest answer

For Drawings: Interest is to be calculated from the date of drawing the amount to end of the financial year. For example in the above problem, A's first drawing was on 30th April. Therefore, we need to calculate the interest on that drawn amount from 30th April to 31st March i.e.for 11 months. For Capital: It is simply how much period that capital stayed in the business.

Sandhya K

Sandhya K

CA Inter

5

1

725

Business entity

Indirect Taxation

answered on 12-Apr-21 15:05

Can you please give example for the term "Other than business entity"? Who are all covered under this term?

latest answer

Thank you maam

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

4

699

Exams

Others

answered on 09-Apr-21 22:08

Sir can we use this calci in exam?

latest answer

Ok

Likhitha Sivani

Likhitha Sivani

CA Final

14K+

6

586

Doubt on tax computation under sec 115BAC

Direct Taxation

answered on 12-Apr-21 13:58

How they have computation of tax liability as per 115BAC on 1,38,50,000?... Can anyone explain?

latest answer

Understood ð???..... thanks for explaining

Ps v

Ps v

CA Final

16K+

2

902

Doubt

Accountancy

answered on 10-Apr-21 09:21

Purchases in this question to be adjusted in cost of material consumed or to be shown separately as purchases.? (Below image)

latest answer

It need to be adjusted in cost of material consumed

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

1

579

Exam

Others

answered on 09-Apr-21 22:09

What was the last date of exam reg ca inter ........can i fill the form through mobile phone .......is it possible

latest answer

Yes.... Thank youð???

Bharadwaj V

Bharadwaj V

CA Inter

15

6

589

Termination of agency

Direct Taxation

answered on 10-Apr-21 09:01

What is compensation on termination of agency?

latest answer

It would be as per contract.

Sreelakshmi P V

Sreelakshmi P V

CA Final

7K+

1

606

Brokerage

Accountancy

answered on 12-Apr-21 15:41

Do interest form part of the cost for calculation of brokerage as a percentage?

latest answer

Thank you!

Veeresh Kumar Poliki

Veeresh Kumar Poliki

CA Inter

8K+

4

648

AUIDT OF CINEMA HALL

Auditing

answered on 09-Apr-21 14:48

AUDIT OF CINEMA HALL IF OWNED BYPARTNERSHIP FIRM

latest answer

THANK YOU SIR

AISHWARYA BALAJI

AISHWARYA BALAJI

CA Inter

0

2

679

ESOP

Accountancy

answered on 09-Apr-21 14:20

Why are we not passing journal entries for 31st march 20X1. Its ok that it is asked only to pass entries as on 31.03.20X2 but why are we charging the entire cost(432000) to Fy20X1-X2 when the vesting petiod begins on 01.01.20X1 and ends on 31.03.20X2 (totally 15months) ? Only 345600 should be charged to p&l of 20X1-X2 and the remaining should be charged off in FY20X0-X1 right?

latest answer

Its should be 01-01-X2 in question

Venkatesh Rathinam

Venkatesh Rathinam

CA Final

15K+

1

686