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Nature,objective and scope of audit
Auditing
answered on 05-Apr-21 23:23
precondition for audit and engagement letter both are same ? Passed to management or members.
latest answer
Thank you
GURU DINESH
CA Inter
★ 2K+
3
691
Cost accounting system illustration 7and page no7.33of icai
Costing
answered on 06-Apr-21 10:08
Sir in this problem how to calculate the material in financial profit and loss account sir Sir please give clear clarification on this point sir
latest answer
Opening balance Rs.15,000 Add: Purchases Rs.80,000 Less: Sold as a special case at cost Rs.5,000 Material = Rs.90,000 in Financial P&L.
KILLI VINAY KUMAR
CA Inter
★ 260
1
740
How to convert bearer instrument to order instrument
Corporate & Other Laws
answered on 05-Apr-21 17:35
How can we convert bearer instrument to order instrument.. Also can we endorse bearer instrument in the same way as we do in case of order instrument. like signing on back or on face of instrument.
latest answer
OK sir
Sai Teja
CA Final
★ 14K+
2
1K+
Preparation doubt
Exams
answered on 05-Apr-21 22:50
Is required to read the study material of income tax or Varun sir note is enough for the preparation .....there is no time to read the entire study material no???
latest answer
Lecture notes no
Bharadwaj V
CA Inter
★ 15
2
832
Sec 28(v)pgbp
Direct Taxation
answered on 05-Apr-21 14:44
if you receive any interest salary bonus commission .. from a partnership firm as a partner.... is the partner is required to pay the tax for the amount that he received?...when tax on it was paid by the firm....not share of profit
latest answer
Thank u
Bharadwaj V
CA Inter
★ 15
2
807
how to do this question sir can u explain the logic and i have seen the solution not abled to understand , please respond
Accountancy
answered on 13-Apr-21 19:12
(a) Physical verification of stock in a business was done on 14th June, 2020. The value of the stock was `96,00,000. The following transactions took place between 14th June to 30th June, 2020: (i) Out of the goods sent on consignment, goods at cost worth ` 4,80,000 were unsold. (ii) Purchases of ` 8,00,000 were made out of which goods worth ` 3,20,000 were delivered on 5 th July, 2020. (iii) Sales were `27,20,000, which include goods worth ` 6,40,000 sent on approval. Half of these goods were returned before 30th June, 2020, but no information is available regarding the remaining goods. (iv) Goods are sold at cost plus 25%. However goods costing ` 4,80,000 had been sold for ` 2,40,000. You are required to determine the value of stock on 30th June, 2020.
latest answer
In the total sales made, there are some goods which are sold at loss. This needs to be separated. On remaining goods there is a profit of 25% on cost.
nisam M
CA Final
★ 23K+
14
1K+
Material related
Direct Taxation
answered on 05-Apr-21 11:50
While watching classes which material I have to refer can you please tell me because I was confused
latest answer
Ok thank usir
OMKAR REDDY
CA Inter
★ 6K+
2
601
Difference between name removal and winding up
Corporate & Other Laws
answered on 05-Apr-21 11:08
What is the difference Between removal of the name of company from Registrar and winding up of the company
latest answer
Removal of name is a quick process and followed when company has very little liabilities / not commenced business / is a defunct company. Winding up is more detailed process and followed when there are liabilities, business commenced.
Gauri Shete
CA Final
★ 5K+
1
706
capital structure
Financial Management
answered on 05-Apr-21 15:36
What is over capitalization and under capitalization? in which module are these concepts covered
latest answer
Over Capitalisation is a situation where a firm has more capital than it needs and Under Capitalisation is a state, when its actual capitalization is lower than its proper capitalization as warranted by its earning capacity. Both are bad to the business. This topic is being recorded. Will be available soon.
Priyanka Udeshi
CFA L1
★ 14K+
1
736
1FIN abbreviation
Others
answered on 04-Apr-21 21:01
What is the full form of 1FIN
latest answer
;)
Paidala Harish
CA Final
★ 2K+
3
692