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Rent paid to gagandeep

Accountancy

answered on 05-Aug-26 11:38

Here can we write rent account Dr Input cgst. Dr Input sgst. Dr To. Cash [Video Time Stamp: 13:36]

latest answer

Yes you can write the above entry directly also. But however if you combine both the entries also you will get the same entry.

Atharv Pawar

Atharv Pawar

CA Foundation

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91

Works Contract

Indirect Taxation

answered on 05-Aug-26 18:52

In relation to ''Works Contract'' in short can we say "Every work contract is not deemed to be a supply of services, but every work contract in relation to immovable property is deemed to be a supply of services." [Video Time Stamp: 10:59]

latest answer

Yes right.

Gurukanta Singh

Gurukanta Singh

CA Inter

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66

Ind As 41

Financial Reporting

answered on 07-Aug-26 10:09

can we use the revaluation reserve ac instead of using statement of pl when the fair value of the biological asset increases ? [Video Time Stamp: 09:54]

latest answer

No. The accounting is FV changes to PL only.

Niranjan Bhat

Niranjan Bhat

CA Final

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59

Small company

Corporate & Other Laws

answered on 13-Aug-26 12:56

Mam, what limits should we take into consideration, as in the module there are three limits stating paid-up share capital of which does not exceed fifty lakh rupees or such higher amount prescribed shall not be more than ten crore rupees. Annual turnover does not exceed two crore rupees, or such higher amount prescribed shall not be more than 100 crore rupees. It also states a capital of ₹ 4cr and a turnover of ₹ 40cr. which limits are to be applied for exams? [Video Time Stamp: 01:20:42]

latest answer

The provision in the book in the old one, the revised limits are 10crore and 100 crore.

Gurukanta Singh

Gurukanta Singh

CA Inter

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76

Rolling down the yield curve

CFA

answered on 05-Aug-26 07:46

Explain this strategy and how this has positive return and mainly talk about why direction of intrest rates in the market is importent for this stratergy to work

latest answer

If yield slope is upward sloping longer yields are high and shorter tenure yields are low As time passes the bond moves closer to its maturity its price is determined by shorter end of the yield cutever whereas initially the price is determined y the longer end of the yield curve So when in last few days its price is determined by lower yield its price rises

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

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64

Illustration 22

Accountancy

answered on 05-Aug-26 18:34

sir, after the revaluation at the end of year4 , depreciation for yr 5 is calculates as Rs.2700 divide by 6 yr because the remaining useful life is 6 years? and then since 1 yr is already passed, shouldn't we divide the carrying amt at the beginning of year 6 ( Rs 2250 lakh) by the remaining 4 yrs instead?

latest answer

ok sir Thank you

kiruba 007

kiruba 007

CA Inter

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59

I need the order of watching Auditing classes

Auditing

answered on 05-Aug-26 18:05

Can someone please guide me on order of watching Auditing classes? Should I go with standards first or other concepts?

latest answer

Standards first

Satha Sivam

Satha Sivam

CA Final

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51

Doubt

AFM

answered on 05-Aug-26 13:09

Why are we not considering the return on risk free securities? [Video Time Stamp: 15:02]

latest answer

Thank you sir

pavan kumar

pavan kumar

CA Final

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110

Stare Decisis

Corporate & Other Laws

answered on 05-Aug-26 23:17

Only Supreme Court's judgement is binding upon courts in India, or other decisions in similar cases but in different state courts as well ?

latest answer

Its lower Courts of a particular state which needs to observe the decision of that state's high Court decisions & not vice versa...

Jedidiah berakah

Jedidiah berakah

CA Foundation

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90

L2 Ethics

CFA

answered on 04-Aug-26 11:37

How are L2 ethics different from L1? The readings are almost the same in fact, there is no GIPS here, so what can I expect? Is L2 ethics harder than Level 1? [Video Time Stamp: 01:28]

latest answer

Content is same, but quality of questions asked will be higher

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

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57