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Accountancy

answered on 18-Feb-21 07:24

A debit of Rs.11,00,000 appeared in the back statement for an "unpaid cheque" which, had been returned marked "out of date". The cheque had been re-dated by the customer and paid into bank again on 5th July 2019 Could you explain the statement sir?

latest answer

When a customer given a cheque of RS 11lakhs,you had debited bank a/c in your books,but the cheque is outdated(3months time period had lapsed).hence in bank statement there is no corresponding credit.Later the customer given you other cheque.

Harshavardini K B

Harshavardini K B

CA Inter

6K+

2

2K+

Calculation of GROSS LOSS

Others

answered on 18-Feb-21 14:15

Loss on cost is 1/6 .waht will be the loss on sales??

latest answer

Wow nice explanation sir!

Reetikaa R

Reetikaa R

CA Final

7K+

8

2K+

One person company

Corporate & Other Laws

answered on 18-Feb-21 11:08

In one person company there should be minimum one director has to be there. Is there any maximum limit for number of directors to be appointed for OPC

latest answer

Minimum 1 director and maximum 15 directors.in order to increase the number of directors beyond 15 directors,a special resolution must be passed by OPC to that effect.

surya prakash

surya prakash

CA Inter

2K+

2

827

Gst registration

Indirect Taxation

answered on 20-Feb-21 13:42

Is Real estate business and finance man liable to register under gst whose turn over exceeds 40 lakhs

latest answer

Yes, if hte financial activity is not exempt

Suryakanthi Sornalatha T

Suryakanthi Sornalatha T

CA Inter

5K+

5

652

Study planner

Others

answered on 18-Feb-21 17:37

Sir.. I could not download study planner from app..

latest answer

Ha bro.. I will try

Sai Teja

Sai Teja

CA Final

14K+

12

694

Partnership accounts

Accountancy

answered on 17-Feb-21 21:22

Why we cannot record cash and bank balance in new or revised balance sheet

latest answer

it means -50% of amount due to L paid off in cash -balance50% due to L is treated as the capital of N (New Partner )

siva chaitanya

siva chaitanya

CA Final

13K+

1

770

Salaries

Direct Taxation

answered on 17-Feb-21 17:00

My doubt is when dearness allowance taken fully and when not

latest answer

When Q says, DA forms part of salary or forms part of retirement benefits: Full When Q says, X percent of DA forms part of salary: Then that part When Q specifies nothing about DA (part of retirement benefit/not) -> then assume as NOT a part for main solution and in note give alternate solution if it is a part -> not mandatory, but if time permits, since ICAI material does that

SAKTHI VIGNESH

SAKTHI VIGNESH

CA Inter

4K+

1

647

Regarding app

Others

answered on 17-Feb-21 21:48

Sir how to install app in laptop I am unable to do it , how can I watch lectures from laptop ?? Please reply sir

latest answer

Ok sir

Enuguru Sai Nithin

Enuguru Sai Nithin

CA Final

78K+

9

930

Mcq

Corporate & Other Laws

answered on 17-Feb-21 17:09

In below mcq the word "later" is used ..then why it is not implied ratification?.....but answer given is implied authority..plz explain.

latest answer

Tq sir, understood

Star Ca

Star Ca

CA Inter

3K+

2

665

Timetable

Others

answered on 17-Feb-21 15:06

Can you please suggest me a good timetable which I should follow to complete my coachings of ca inter in 5 months, I am taking pendrive classes

latest answer

You can follow the schedule given under the notes section.

Kashish Gupta

Kashish Gupta

CA Inter

220

1

619