Forums
Amalgamation related problem
Accountancy
answered on 09-Nov-20 09:43
Sir in this do we HAVE to settle debentures and loan from A through bank account or we can close them through realisation account?
latest answer
You can close through realisation account as well.
Kumarjit Dey
CA Inter
★ 4K+
1
669
Doubt
Accountancy
answered on 12-Nov-20 12:43
Look a the question image where I tick marked my one and only doubt is that when bad debt is written why we did not deduct from trade receivables that 5000 amt as also no provision is there
latest answer
OK sir
Nilesh Malviya
CA Inter
★ 655
6
718
Applying for DIN - Director Identification Number
Corporate & Other Laws
answered on 19-Nov-20 22:31
Can someone apply for DIN without the intention of immediately joining a company as a Director?
latest answer
Yes
Pavithra K
CA Inter
★ 0
4
777
Deduction
Direct Taxation
answered on 09-Nov-20 18:12
Y is it restricted to 1.65lacs
latest answer
You cannot claim deduction from lottrey income.
Shruthi V
CA Inter
★ 0
3
636
Opt out
Others
answered on 09-Nov-20 07:54
Will the result of jan/feb cycle exam come before may 2021 exam registration ?
latest answer
yes. they should
Abhiraami M K
CA Inter
★ 220
1
617
Opt out
Others
answered on 09-Nov-20 07:55
Can anyone opt out to jan/feb cycle for reason other than covid ?
latest answer
AS per ICAI, the reasons specified clearly COVID for self / family or being in a containment zone. If you optout for any other reason it is at your own risk
Abhiraami M K
CA Inter
★ 220
2
685
Opt out
Others
answered on 19-Nov-20 10:59
Sir,If we write 3 papers in grp 1 and unable to attend 4th and opt out available to write all the exams in phase 2
latest answer
You can check at icaiexam.icai.org
Mithinti Pravallika
CA Final
★ 9K+
5
647
Difference ???!
Economics
answered on 09-Dec-20 07:42
'B'oom and 'b'oom difference in business cycle chapter
latest answer
Boom is an phase of business cycle where there is an optimistic behaviour by firms and unemployment is either frictional or structural and prices are rising .boom refers to both expansion and peak phase together
Roshan Zameer
ACCA Professional
★ 24K+
2
633
Rtp may 20
Financial Management
answered on 08-Nov-20 08:50
What is the logic behind applying this ?
latest answer
It is replication of computed values into per unit - there is nothing different there. You are computing per unit values for FG sold
Swathi Krishna
CA Final
★ 8K+
1
663
AS 29 query
Accountancy
answered on 08-Nov-20 12:45
Sir, we know that as per AS 29 "obligation" is a duty or responsibility to act in a certain way arising from binding contracts, STATUTE, business practices or customs to maintain good relationship. The author of this scanner writes that "even a legal requirement does not require the company to make a provision. Doesnt the author's answer contrast with AS 29's definition? Please share your opinion, Sir.
latest answer
Yes as per AS 29 "present" refers to an obligation which is IN EXISTENCE AS BS DATE and it is PROBABLE (more likely than not) based on the evidence available on the balance sheet date. So yes, you and author are correct. I never doubt it the author in the first place but had to clarify my doubt, hence asked. Thanks for clarifying.
Kumarjit Dey
CA Inter
★ 4K+
2
642