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Accountancy

answered on 07-Mar-20 12:10

What is 7 8 and 9 points and how can I solve that 3 points can any one explain so that it would be helpful Thanks in advance

latest answer

7) interest received includes 1000 rs which is actually cash received from debtors , so you need to credit debtors account and deduct 1000 from interest received . 8) you need to create a liability for interest outstanding i.e 100000 Ã? 12 % As well as create a asset as interest receivable in balance sheet . 9) you need to prepare a debtors account and create 5% provision. this provision amount will be debited in profit and loss account and in balance sheet you will deduct this provisions from gross debtors

sai t

sai t

CA Foundation

2K+

1

796

Recognized Provident Fund

Direct Taxation

answered on 15-Mar-20 20:19

1. What do you mean by recognized by Income Tax act ? 2. Sir in this example , the recognized fund will be different from company to company. So how did it form part as continuous period ?

latest answer

Statutory is maintained by government, recognised pf is maintained by the employer

Raviteja Kusumanchi

Raviteja Kusumanchi

Qualified CA

42K+

7

1K+

Live

Accountancy

answered on 06-Mar-20 20:33

Live streaming for accounting standards .. what about starting time and ending time sir

latest answer

4 pm to 5 : 30 pm march 7

Shanmukha Chippada

Shanmukha Chippada

CA Inter

520

1

725

Live Streaming By CA Sathya Raghu on Accounting Standards.

Others

answered on 08-Mar-20 14:59

Hi. Just got to view a notification on my phone regarding a live streaming by CA Sathya Raghu on Accounting Standards but unfortunately I missed the date and time. Could anyone help me with it?

latest answer

Yes

Ajay Kumar Manghat

Ajay Kumar Manghat

CA Inter

770

8

788

Abnormal loss in Cost sheet

Costing

answered on 06-Mar-20 17:41

What is the treatment of abnormal loss in Cost Sheet ???

latest answer

Ohhk got it sir... thank u

Chandan Subudhi

Chandan Subudhi

CA Final

12K+

2

869

Illustration

Direct Taxation

answered on 13-Mar-20 18:58

Can anyone tell me the solution of question 4 of salary

latest answer

Please share the question and your working of the solution here and we shall go through & respond

sweta poddar

sweta poddar

CA Inter

5K+

3

818

Material Chapter Query

Costing

answered on 06-Mar-20 17:15

In some quantitative levels, there are 2 formulas for calculating a same level of stock... In exams, if the information is available for solving by both the methods, do we need to solve both of them or any one will do...? Just asking for time management purposes...

latest answer

One of them is sufficient.

Deepak Gupta

Deepak Gupta

CA Inter

1K+

1

720

Money laundering

Information Systems

answered on 06-Mar-20 17:16

To find out wheather the transaction is money laundering who is the responsible to find out money laundering ....auditor ???? Suppose it's auditor .... If auditor can't able to find out money laundering ..then who t he responsible for that ...and auditor get punishment ?????

latest answer

It is the responsibility of management. Auditor has to be vigilant during audit and if any suspicious transaction appears, he needs to investigate further.

Nivetharaman Raman

Nivetharaman Raman

CA Foundation

11K+

1

680

PMLA prevention of money laundering

Information Systems

answered on 06-Mar-20 17:16

There are sec 12, 13 understand the concept can i write own language or .. need to write ..as per given in that sec?

latest answer

You can write in own language.

Nivetharaman Raman

Nivetharaman Raman

CA Foundation

11K+

1

782

CASA

Information Systems

answered on 06-Mar-20 17:16

In core banking system CASA .(current acnt and saving acnt) What is Pre duscursement certificate?

latest answer

It is given by bank.

Nivetharaman Raman

Nivetharaman Raman

CA Foundation

11K+

6

727