Forums
Confused
Accountancy
answered on 03-Mar-20 17:33
Hi friends I am just confused about insurance premium and where should I enter insurance premium in trading a/c or p&l a/c because in 2nd screen shot custom and insurance was entered in expense side of trading a/c Can u any suggest me so that it would be helpful Because I am basically from b-tech background so I am not aware aware of the concept
latest answer
Sometimes along with carriage inwards, transit insurance is paid on goods brought into the factory. So such insurance charges are charged to trading account.
sai t
CA Foundation
★ 2K+
8
906
Additional depreciation
Direct Taxation
answered on 15-Mar-20 20:22
Under section 32(1)(iia) Additional depreciation is for only one time or it's to be deductible every year ?
latest answer
It's only one time and if it's charged at 50 percent of depreciation rate then remaining 50 percent can be charged in next year
Chandan Subudhi
CA Final
★ 12K+
2
875
Sale of Goods Act , 1930
Corporate & Other Laws
answered on 06-May-20 17:29
P having two bikes. He agrees to sell both of the bikes to s at a price to be fixed by the Q. He gives delivery of one bike immediately. Q refuses to fix the price. Such P ask S to return the bike already delivered while S claims for the delivery of the second bike too. In the given instance buyer S shall pay reasonable price to p for the bike already taken. As regards the second bike, the contract can be avoided.
latest answer
What is the doubt here?
priya dhanba
CA Foundation
★ 0
1
931
Bonus Received
Direct Taxation
answered on 28-Feb-20 01:36
Is bonus for last year received in PY taxable Under the head salary..?
latest answer
Yes, bonus is taxable in the year of receipt under the head salary.
Rajath Tumma
CA Final
★ 2K+
2
803
Advance tax
Direct Taxation
answered on 13-Mar-20 19:44
What is the Interest and TDS implication: On 1/4/2019,Mr.Rajesh started a year recurring deposit of 80000 per month @ 8%p.a. with PQR Bank. The recurring deposit matures on 31/3/2020.
latest answer
Please share your solution as an image. we shall go through and revert
T G
CA Inter
★ 1K+
5
987
Rectification
Accountancy
answered on 29-Feb-20 06:19
Investment were sold for Rs 75000 at a profit of Rs 15000 and passed through sales account
latest answer
Since 75,000 was credited to sales, entire amount must be reversed.
DIVYA S
CA Final
★ 54K+
4
1K+
Notes
Information Systems
answered on 13-Mar-20 19:49
When will the ammended notes of eis for may20 be uploaded? It's been such a long time.
latest answer
We have only new syllabus notes for EIS & SM. Old notes are available only for SM & not IT. you can download them under free resources in the app
HARSHITA MALPANI
CA Inter
★ 10
4
774
Query about notes
Auditing
answered on 27-Feb-20 07:45
Sir, I recently purchased ca final auditing SA course through this app. How can i get my notes sir?
latest answer
No problem now,I got PDF notes
Nandeep Reddy
CA Final
★ 170
1
803
Ca. Foundation
Accountancy
answered on 26-Feb-20 21:01
How should I practice CA foundation accountancy further, as I have solved all the chapters once for, upcoming may exam
latest answer
Please solve prevous year paper and RTPs of past attempt
Sugar Genius
CA Foundation
★ 2K+
1
744
Book
Corporate & Other Laws
answered on 06-Apr-20 02:42
Best book for company law ?
latest answer
Yes bro...i have seen it my friend is using the same...it will be of great use at the time of exams...the book is made in such a way that u can quickly go through the sections...u have to give it a try
Paras Joshi
CA Inter
★ 320
3
785