Forums
Superannuation fund
Direct Taxation
answered on 18-Mar-21 10:47
What is it
latest answer
A superannuation fund is a retirement fund offered by your employer. The employer contributes % of your basic salary to this fund. It is not mandatory for you as an employee to contribute to the fund, but you may do so if you wish.
UTKARSH RAI
CA Inter
★ 730
1
782
CONTRACT OF GUARANTEE
Corporate & Other Laws
answered on 17-Mar-21 16:02
Could u plz explain....
latest answer
Surety has a right to recover from principal debtor whatever amount he pays under the guarantee to the creditor. Upon payment or performance of the guaranteed duty, the surety steps into the shoes of the creditor. But it may happen that creditor refuses to sue the debtor or ask the debtor to pay or perform the obligation of contract. The attached statement means that surety's right of recovery from principal debtor remains intact in such cases and surety himself can sue / demand the amount from principal debtor whatever he has paid to creditor.
GOKULA LAKSHMI
CA Final
★ 21K+
1
676
mcq
Strategic Management
answered on 17-Mar-21 12:43
is there any mcq test for chapter1
latest answer
Yes - two tests
satya nagulapalli
CA Inter
★ 150
1
670
Admission of partner
Accountancy
answered on 17-Mar-21 12:15
Sir can you explain why that underlined entry has been credited to revaluation account
latest answer
So in the given question trade payable already contains 1,400 init so it should be deducted (Decreasing in value of liability) it should be debited and revaluation account should be credited Sorry I was busy with some other work and didn't see the question properly
siva chaitanya
CA Final
★ 13K+
6
715
BCK
Economics
answered on 17-Mar-21 10:06
The performance of business in the private sector is measured by: (a) Profitability (b) Customer Satisfaction (c) Number of employees (d) The salary of BOD. Which is crrt.. Option b as per material 20 or option a as per 21 material
latest answer
Thankyou
Cyril Paulson
CA Final
★ 3K+
4
2K+
BCK-
Economics
answered on 17-Mar-21 10:09
The ____________ environment refers to the nature and direction of the economy in which a company competes or may compete. (a) Socio-cultural (b) Internal (c) Micro (d) Economic Which is correct Option C as per material 20 and Option D as per 21 material
latest answer
Economic The term economic environment refers to all the external economic factors in the immediate marketplace and the broader economy that influence buying habits of consumers and businesses and therefore affect the performance of a company... The economic environment consists of different things for different people. For example, for a farmer, the weather and price of fertilizers are important factors. These factors are often beyond a companyâ??s control. The micro-environment includes customers, suppliers, resellers, competitors, and the general public.
Cyril Paulson
CA Final
★ 3K+
2
742
Doubt regarding the first chapter - framework
Accountancy
answered on 17-Mar-21 10:36
This question might sound very basic but i would like to know the reason for it. Why does the P&l a/c doesn't contain gross profit?
latest answer
Thank you so much for clearing my doubt.
Sainisha Ramesh
CA Inter
★ 200
2
563
Good will
Accountancy
answered on 17-Mar-21 08:16
sir good will is an asstet which will be having be having debit impact what is the credit impact for good will
latest answer
Important point:only when goodwill is purchased it should be recorded in books of accounts IE balance sheet When value of goodwill is not given it will be calculated by using concept of hidden goodwill
Shreesha .T.u
CA Foundation
★ 2K+
2
650
Labour costing
Costing
answered on 18-Mar-21 10:07
Guys ..in this question they have given that work of holiday and Sunday will be paid double...but in answer they took single rate only..can anyone clarify. And how they calculated overtime allowance? Question and answer attached.
latest answer
On 5th and 13th Aug he worked for 10 and 9 hours. If we exclude the half an hour of lunch break, it will be 9.5 and 8.5 hours. It is said that if the worker works for atleast 9 hours then we count the overtime after the 8th hour. So here the overtime will be 2 hours [(9.5-8)+(8.5-8)]. Now overtime will be Rs.1,000 basic pay per day + Rs.200 overtime per day = Rs.1,200 per day. This should be divided by the normal hours worked to get the hourly wage rate of the worker. So, it will be Rs.1,200/7.5 = Rs.160 per hour. Total overtime allowance = Rs.160 per hour x 2 hours overtime x 2 (twice the pay as given in question) = Rs.640.
Vishwanath Tadur
CA Inter
★ 2K+
3
698
MCQ
Corporate & Other Laws
answered on 16-Mar-21 19:30
Which is correct
latest answer
Generally, it is void, but since we know section 25 contains exceptions to this. So, correct answer will be valid.
Reetikaa R
CA Final
★ 7K+
3
552