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Time of supply - SODEXO Coupon
Indirect Taxation
answered on 09-Sep-20 18:54
Sir, time of supply - illustration 9 Sodexo coupons were issued August 9, from this date why dont we caluculate 6 months and put the date as date of redemption of voucher i.e FEB 08. In the video it was ended up saying date of redemption of voucher thats it. My query is that, because every one will make use of that coupon or may mot but the given time line is 6 months. Then FEB 08, will be date of redemption of service?
latest answer
Welcome ð???
ILLURU VISWESHWARA REDDY
CA Foundation
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5
772
EIS REVISION LECTURES
Information Systems
answered on 09-Sep-20 09:35
Will we be having further live classes for revision of eis chapters sir?
latest answer
Yes will communicate the dates in a day or two
Gnanakshi Dandapani
CA Final
★ 13K+
1
624
Debenture
Accountancy
answered on 10-Sep-20 00:46
Own debentures account should b debited or directly we can debit debentures account.. Can u plz send me how to do dis some widout own debentures account if so
latest answer
Journal entries are recorded in chronological order. Hence the entries should be made for when debentures are purchased and cancelled as well. When purchased, Debenture redemption a/c.... Dr(cost) Debenture interest a/c...........Dr(interest accrued) To Bank a/c. (Being debentures purchased) As we just only purchased the debentures and not cancelled, debentures a/c cannot be debited as on that date. Later when we cancel the debentures the following entry will be passed. Debentures a/c...........Dr(Face value) P&l a/c(if any loss)....Dr To Debenture Redemption a/c(cost) To capital reserve(if any profit) (Being debentures cancelled) Here profit should be clearly credited to capital reserve because this profit is arised out of capital item(Debt capital) it is called capital profit. But loss should be written-off in p&l a/c. Hope it helps!!!
Shruthi V
CA Inter
★ 0
7
731
Sale of goods act
Corporate & Other Laws
answered on 09-Sep-20 18:17
Explain Two points in compulsory transfer Compulsory transfer of property in goods Why doesn't it consider as sale
latest answer
Producer association - for e.g Milk Co-operative society. if a member delivers milk to co-operative society for further sale/processing, the act of delivering milk is one of sale.
Rupesh Virat
CA Inter
★ 6K+
4
609
Reg - notes
Direct Taxation
answered on 08-Sep-20 20:43
Is the notes given by indigo learn is sufficient at the time of revision or should i personally take notes from the video lectures ?
latest answer
Thank you sir
Logesh Warran
CA Final
★ 4K+
2
747
Overhead
Costing
answered on 08-Sep-20 21:49
In a month, maximum 774 hours (practically 31 days * 24 hours ) possible, then how come the machine work this much hour in the first month? Just wanted to understand the logic behind this hour . :)
latest answer
:)
Swathi Krishna
CA Final
★ 8K+
2
630
Debenture
Accountancy
answered on 08-Sep-20 17:51
On what amount should we create drr & drr investment and when.
latest answer
Still on face value.
Shruthi V
CA Inter
★ 0
3
633
Time of Supply 4.S. 12 (3) in case of RCM
Indirect Taxation
answered on 08-Sep-20 10:55
Sir, on the video, you have explained about RCM 3 step criteria but not What is RCM why Receipient should pay GST and why not Supplier? Apart from GOVT Specified, what is the essence of this transaction what is the key reason Govt ascribed so? It would be great if you can share me that if this topic had been covered in the following modules anywhere?
latest answer
Thank so much sir got the complete gamut of this RCM
ILLURU VISWESHWARA REDDY
CA Foundation
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2
605
Format of exams
Exams
answered on 08-Sep-20 11:11
In which format are we going to get: ruled or plain In ca foundation account and law/bcr
latest answer
Ruled.
lohita Prava
CA Final
★ 35
1
740
Contract of guarantee
Corporate & Other Laws
answered on 09-Sep-20 10:39
In this question, this variance was beneficial for surety rite since there is reduction in the interest component. Then why is it mention no matter whether the variance is beneficial it still discharges the surety ?
latest answer
Thax
Swathi Krishna
CA Final
★ 8K+
4
723