Forums
Investment Accounts
Accountancy
answered on 19-Nov-20 15:15
Sir , In most of the Sums The sale value of investment is credited in investment Account And corresponding effect is given to profit Can we credit with cost and profit element should transfer to P&L A/c sir. Is this alternative presentation is acceptable sir ?
latest answer
In exams you will not have a separate ledger to account for profit.
M Naresh
CA Final
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1
618
Sir will flowchart be asked in Compulsory part?
Information Systems
answered on 19-Nov-20 15:15
I am asking because I have not practiced it since inception of this course, and now its too late for start with this.
latest answer
We never can predict!
Kumarjit Dey
CA Inter
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1
569
"Risks and Controls for Specific Business Processes"
Information Systems
answered on 19-Nov-20 15:15
Here Business Peocesses includes Opearting and Supporting Business Processes, but not Management Processes, right?
latest answer
Right.
Kumarjit Dey
CA Inter
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1
514
Accounting & Operational Audit Trail
Information Systems
answered on 19-Nov-20 15:17
Do I have to mug up (learn) these application audit trails, or focus on Application Controls will be sufficient? Please answer, Sir.
latest answer
You need to understand.
Kumarjit Dey
CA Inter
★ 4K+
1
565
AS 1
Accountancy
answered on 22-Nov-20 08:20
In this answer why closing stock is valued at net realizable value because generally closing stock is valued at cost on net realizable value whichever is lower
latest answer
If not a going concern, no benefit in future.
subramanyam yendakuarthi
CMA Final
★ 4K+
3
838
'Computer Crime Investigation' and 'Computer Forensics'
Information Systems
answered on 19-Nov-20 17:03
Does these two points under Investigative Procedures (Logical Access Security Auditing) have any connection with Section 43 of IT Act, 2000?
latest answer
Act prescribes penalties. Investigations and forensics are different.
Kumarjit Dey
CA Inter
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3
502
Clubbing
Direct Taxation
answered on 20-Nov-20 08:24
Do clubbing deduction (i.e.1500) can be claimed from minorâ??s only lottery winnings?
latest answer
Its given in last section called notes.
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
5
658
Marking
Information Systems
answered on 19-Nov-20 13:29
Can you explain this Marking concept more clearly please?
latest answer
Great! Thank you
Kumarjit Dey
CA Inter
★ 4K+
2
511
Postal ballot
Corporate & Other Laws
answered on 25-Nov-20 11:52
For items to be transacted through Postal ballot, will shareholders be given an opportunity to vote in GM if they have not cast their vote by PB? (Like they give for evoting)
latest answer
Generally, for a Resolution passed by majority by postal ballot, there may not be a separate voting in GM. They are deemed to be passed at GM. So their is no point of coming to general meeting and voting again. However, in case of companies required to conduct voting by emode u/s 108, They may hold a GM to consider certain business required to be done by PB in general meeting. In that case, member can vote in GM if he has not voted in emode/postal ballot. Procedure specified u/s 108 and rule 20 will apply.
Venkatesh Rathinam
CA Final
★ 15K+
2
647
Agriculture income
Direct Taxation
answered on 19-Nov-20 13:37
Sir my doubt is should I compute surcharge or not
latest answer
Surcharge will not apply i.e total income below â?¹50lacks.
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
1
725