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Acceptance of deposit

Corporate & Other Laws

answered on 17-Dec-24 23:38

What is the meaning of last para

latest answer

Let’s say deposits worth ₹10,00,000 are going to mature this financial year. The organization must keep at least 20% of ₹10,00,000 = ₹2,00,000 available at all times. Even if deposits are withdrawn or spent elsewhere, the remaining amount in the account must never go below ₹2,00,000

Lucky Ten

Lucky Ten

CA Inter

0

1

563

Query

Others

answered on 17-Dec-24 18:08

Hello sir, I didn't receive my statement of marks of group 1 hardcopy till today of September 24 attempt. So what can I do for it?

latest answer

Got it

Nakul Dixit

Nakul Dixit

CA Final

4K+

2

534

Doubt

Financial Management

answered on 17-Dec-24 17:56

If lives of the project are different and they are asking for decision then we should go for annualised and replacement method Right?

latest answer

Yes

07- Issac Jolly-XII C

07- Issac Jolly-XII C

CA Inter

16K+

1

344

How to know

Financial Management

answered on 17-Dec-24 19:25

So if the question specifically ask for which criteria... Then only we should go for replacement or EAP way.. Right?

latest answer

yes

07- Issac Jolly-XII C

07- Issac Jolly-XII C

CA Inter

16K+

1

352

DOUBT

Financial Management

answered on 19-Dec-24 10:48

WHILE COMPUTING INVESTMENT IN CURRENT ASSETS OF WIP WHY WE TOOK RM FOR 100% AND DIRECT WAGES AND OVERHEAD FOR ONLY 50%?? SIR

latest answer

THUANKYOU SIR

PreneshRaj

PreneshRaj

CA Inter

0

2

407

Payment of tax

Indirect Taxation

answered on 19-Dec-24 18:26

Time of supply is 19th April, but in practical life how and when is this tax paid? As we get the payment in November

latest answer

Even though we get payment late from customer, we have to pay GST. So we need to practically collect amount on time from customer to avoid working capital issue.

Raviteja Kusumanchi

Raviteja Kusumanchi

Qualified CA

42K+

1

467

Time of Supply- Cash received

Indirect Taxation

answered on 19-Dec-24 18:27

In the question, cash is received is on 12th Jan, should that date be ignored for date of payment?

latest answer

Yes.

Raviteja Kusumanchi

Raviteja Kusumanchi

Qualified CA

42K+

1

466

Difference

Direct Taxation

answered on 17-Dec-24 07:24

what is the difference between immediately proceedings previous year and immediately proceedings financial year

latest answer

Both are same

Uma

Uma

CA Inter

490

1

500

Undivided Share of Land

Financial Reporting

answered on 06-Jan-25 18:05

Sir, suppose a company decides to invest in a flat as investment property, and the property's title deed separately specifies the value towards the building and the value towards the undivided share of land. Since the (undivided share) land value itself isn't realizable alone, how (under what name) can the company recognize the investment property and how can it charge depreciation in real life scenarios?

latest answer

Okay, sir. Got it! Thank you.

Denz Philip

Denz Philip

CA Final

10K+

5

606

classification of entity

Accountancy

answered on 17-Dec-24 15:05

In case any one of the category is not met the level 1. Is considered as large size entities or not?

latest answer

If any critieria is met, it is considered as large.

bharathipriya

bharathipriya

CA Inter

3K+

1

187