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80JJAA
Direct Taxation
answered on 28-Oct-20 17:45
Kindly help with solution to this problem
latest answer
Cash is not considered.
Suraj Narayanan
Qualified CA
★ 7K+
3
646
Contradiction between 80G and 80GG
Direct Taxation
answered on 27-Oct-20 18:14
If we have to adjust both 80G and 80GG in a question, which should we adjust first? (As 80G's provisions while computing adj total income for limited exemptions asks us to consider all other deductions before this deduction and similarly 80GG asks for the same).
latest answer
Thank you sir
Suraj Narayanan
Qualified CA
★ 7K+
2
818
Shutdown point and break even point
Economics
answered on 28-Oct-20 13:03
Sir this two questions are confusing. Pls explain the answer with reason.
latest answer
Ok sir
Sri kanaga Varshini
CA Final
★ 3K+
4
961
Doubt.
Accountancy
answered on 26-Oct-20 18:06
When goods are sold on sale or return basis and that goods are returned by customer why don't we pass journal entry for taking the returned goods into closing stock?. Pls give clarity .
latest answer
Sir But we didn't pass this journal entry when goods are returned . Sales return A/c Dr . To trade receivables A/c Dr. This journal entry alone is passed . Still I misunderstood something sir pls give clarity
Sri kanaga Varshini
CA Final
★ 3K+
2
617
Probability.
Maths & Stats
answered on 26-Oct-20 15:40
explain the answer of the question no. 49.
latest answer
Tq sir
Sneha Kelde
CA Foundation
★ 2K+
2
680
Sale or return basis
Accountancy
answered on 26-Oct-20 18:02
Sir in this question why do we take into account the excess amount by which our customer sells good is taken into consideration. Why he (our customer) reveal that to us .
latest answer
Ok sir
Sri kanaga Varshini
CA Final
★ 3K+
2
670
Exemption
Direct Taxation
answered on 26-Oct-20 09:45
Is this exception available for both senior citizen and not senior citizen?
latest answer
Yes
Swathi Krishna
CA Final
★ 8K+
2
633
Doubt on AP
Maths & Stats
answered on 25-Oct-20 15:41
How to solve this ?
latest answer
Expand (x+y)^2 and (x-y)^2 You can then find the common difference.
Sri kanaga Varshini
CA Final
★ 3K+
1
596
Confused
Economics
answered on 25-Oct-20 20:05
If PRICE of any commodity increases then called as EXPANSION and If PRICE OF RELATED COMMODITY increase then EXPANSION or INCREASE ?????
latest answer
Increase in demand (so simple)
Roshan Zameer
ACCA Professional
★ 24K+
5
590
Not able to understand certain points in solution
Accountancy
answered on 25-Oct-20 12:30
I am attaching question as well as solutions Following are the points I need to understand from you 1.in 2005 in plant purchased we wrote difference of 50,000 and then charged 10 percent dep And in 2006 what was the point of separating 240k and 460k 2.do we always write full value in depreciation provison account like in to disposal account we wrote the cost 3.in sale or disposal account how did we get loss of 4000 4.i need journal entries of all the transaction to understand more clearly Pls give solution as soon as possible
latest answer
1. For plant purchase in 2005 - depreciation of 50K was charged ie half year dep - nothing else was done. It is diff between Cost and accumulated depreciation so far - it is fully depreciated by this year 2. We are separating 7 lacs into 240 k & 460K because there is a sale of assets worth 240K. For assets of 2004 / 2005 the P&M is fully depreciated and hence we need not separate them. 3. Yes Depreciation & provision for Dep are always maintained 4. 4K loss computation . on 2004 assets fully depreciated so no loss on scrapping. 2005 asset fully depreciated and hence 5k is fully profit. 2006 asset 90% depreciated so book value is 24K less: amount realised is 15K i.e loss of 9K. total loss i.e 9K loss + 5K profit
Nilesh Malviya
CA Inter
★ 655
1
679