Forums
Classes of companies
Corporate & Other Laws
answered on 16-Mar-21 14:40
Sir If A ltd subsidary is B ltd and B ltd have power to change the board of directors of C ltd . Then , Will C ltd become the subsidiary of A ltd sir as per definition given in Companies act 2013 ?
latest answer
Yes, correct
Naresh M
CA Final
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1
570
Agency
Corporate & Other Laws
answered on 16-Mar-21 15:02
Is contract of employment a contract of agency?
latest answer
No, given the nature of employment contract. If a specific authority is granted by employer, that would separately create a contract of agency.
Aman Mahajan
CA Final
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1
593
Difference
Corporate & Other Laws
answered on 16-Mar-21 14:50
Whatâ??s the difference between misconduct, negligence and fraud?
latest answer
These may mean differently under specific Acts. Sharing generally meanings: Misconduct: Wrongful, unacceptable or improper conduct / behavior Negligence: When reasonable care, skill and diligence is not exercised Fraud: Act / omission / concealment with intent to deceive
Aman Mahajan
CA Final
★ 19K+
1
633
Amalgamation
Accountancy
answered on 16-Mar-21 12:26
I can't understand what is given in the text (attached below), please explain me
latest answer
That is what they mean, goodwill will not appear and get adjusted with securities premium, if entries are made at par.
venkatesh sundharamoorthy
CA Final
★ 34K+
3
632
DIVIDEND DECLARATION
Accountancy
answered on 16-Mar-21 11:10
For calculation of dividend, condition 2 says maximum amount that can drawn =10% of (paid up capital +free reserves) ......in this free reserve includes ??????
latest answer
Yes thank you so much
GOKULA LAKSHMI
CA Final
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8
1K+
Input Tax Credit
Indirect Taxation
answered on 16-Mar-21 10:25
Can we gain ITC on services? If yes, where we can apply that ITC amount assuming that services are received under FCM basis? Can you please explain this one with an example.
latest answer
ITC can be availed on goods and services, both u/s 16(1) only if used for business purpose. Such ITC can be utilised outward gst liability in the manner given u/s 17. Please go through the videos for examples
MURALIDAR 05 M
CA Final
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1
608
BCK
Economics
answered on 16-Mar-21 10:11
Which of the following statements does not comprise business activity? (a) Sale of old furniture by a household for a profit (b) A carpenter made furniture for its domestic use (c) Steel furniture industry (d) Domestic appliances industry
latest answer
(b) A carpenter made furniture for its domestic use is business as making furniture is his regular activity done for profit, but the furniture made this time is consumed for his personal use - that doesnt make it non-business activity.
Cyril Paulson
CA Final
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8
3K+
Advanced accounting
Accountancy
answered on 16-Mar-21 19:47
Eg. P Ltd V ltd (Rs.In lakhs) (Rs.In lakhs) Whether we can write like this or we should write the full amount like Rs. 900,00,000 in the B/S or journal entry while presenting in exam
latest answer
K sir..tq
Divya R
CA Final
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2
619
Amalgamation
Accountancy
answered on 15-Mar-21 21:41
What is the journal entry for settlement of liquidator in net asset method
latest answer
Hope this helps
venkatesh sundharamoorthy
CA Final
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1
630
Bills of exchange
Accountancy
answered on 16-Mar-21 12:00
Can you please explain this entry. How amounts are divided as 6,740 and 1,260.
latest answer
Thanks sir
siva chaitanya
CA Final
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11
616