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Doubt in investment accounts

Accountancy

answered on 04-Jan-21 23:20

The dividend is declared for yr ended 31.03. 2011 ...the shares were both on 15.4.2011 .....how in question the dividend of 7500 added to amount .....2012 dividend is only applicable for the shares right ??

latest answer

They have not made any fresh issue the shares were there in 2011 also so dividend will be paid for these shares also and as it is pre acquisition dividend it should be reduced from investment amt

Sachin M

Sachin M

CA Inter

280

1

613

Procedure for termination

Others

answered on 05-Jan-21 18:03

What is the procedure to terminate from firm My frnd have doubt regarding termination procedure plz clarify it He had served for more than one year

latest answer

I guess its offline

baranitharan b

baranitharan b

CA Final

21K+

3

588

Strategic levels in an organisation

Strategic Management

answered on 04-Jan-21 15:31

Sir Corporate level management Design the strategy for overall business As a Business level manager he have to Design the strategy for particular division inline with general strategy framed by management. Is it correct sir

latest answer

Yes

makthala venkateswarlu

makthala venkateswarlu

CA Foundation

510

1

616

Tolerable error vs materiality

Auditing

answered on 07-Jan-21 19:26

1.Both are same? 2. I had another doubt if I took sample size more becse materiality level is low fr eg out of 1000 transaction I took 800 transaction , in 800 transaction no misstatements and there is balnce 200 icant check may be there is misstatement My doubt is, I fix materiality level is 300000 this 300000 I hve to check in sample size 800 no misstatements no problem ,, this 300000(material ity level) I hve to check remaining 200 transaction also rght sir I clubbed 200 transaction that amount exceed my materiality level i.e300000 but I don't know there was miststament exist or not now wht to do .....????

latest answer

Auditor does not check all transaction. He checks on sample basis. The result of sample are projected on to the population. This means that the population will be evaluated based on results of sample.

Nivetharaman Raman

Nivetharaman Raman

CA Foundation

11K+

3

1K+

Material cost

Costing

answered on 04-Jan-21 17:58

If it's clearly mentioned that material is returned from m & co why to take price of latest issue??

latest answer

but when we follow FIFO, we do not identify it to a specific issue or return.

Siva Kumar

Siva Kumar

CA Inter

715

3

589

Contract of Indemnity

Corporate & Other Laws

answered on 04-Jan-21 15:35

Is consideration is must to constitute a contract of Indemnity?

latest answer

Unless covered by exception to the rule "No consideration, No Contract", contract of indeminity also need consideration.

Paidala Harish

Paidala Harish

CA Final

2K+

1

576

Capital gain

Direct Taxation

answered on 04-Jan-21 15:37

one of my client have 2 land in municipality area one land is agricultural land and second is residential land. assessee has sold out the one land and he wants to construct business godown on second land. can he avail the benifit of sections 54

latest answer

Section 54 covers residential house property. Only land is not residential house property.

SALEEM ANSARI

SALEEM ANSARI

CA Final

2K+

1

651

My results of quizathhon

Others

answered on 03-Jan-21 16:25

How can I see my results

latest answer

Ok tnks sir

Abhishek Purohit

Abhishek Purohit

CA Inter

10K+

2

618

Samples / Gifts

Indirect Taxation

answered on 04-Jan-21 15:39

Samples / Gifts given - Attracts GST ? More better take it as supply or reverse the input claimed regarding such goods?

latest answer

Even if you reverse input, giving out samples would still be a supply.

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

1

615

DECLARATION

Exams

answered on 04-Jan-21 15:39

I am in 2nd year of my articles.do I need to upload any declaration while filling exam form for may 21 ca inter exams?

latest answer

For CA Inter not needed. If under direct entry scheme, it is required

Laxman kumar

Laxman kumar

CA Final

4K+

1

733