when discount received from party

then why debited the party account
example
by party
to discount received

why not credit the party account

why personal account debited
give example

Dear sir / madam,

This is about compliance with articleship formalities. So in my friend case, form 108 (For completion of articleship period) has been submitted for the normal articleship period but form 108 for an extended period of 70 days has been missed due to covid 19 and closure of office for the past year

Now while filing the said form, a condonation fee of 10,000 is getting levied. So paying such huge fees for merely an extended period is unaffordable

Requested to let me know the way forward and help me out. Any connection with an internal person under the ICAI committee would be great to resolve this

An early revert in this regard would be highly appreciated

Also principal is ready to provide a condonation letter

☰ Home Experts Students FM - Problem on Working Capital venkatraj.c 09 December 2008 The following data relating to a consumer goods manufacturing firm is available for the year ended 31st MArch. No of days R.M. in storage - 30days, debtors collection Period - 30days , COnversion Process Period- 12 days, Finished Goods Storage Period - 45 days, Average Credit Period from suppliers - 50 days, Advance payment to Creditors - 5 days, Total Cash Opertaing Expenses per annum - 600 days, 60% of the TOTAL Cash Operating Expenses are due to RAW MAterial. Required : 1) Determine the average Cash Working Capital needed by the firm at any Point of time during the year assuming that the firm wants to carry a cash balance of Rs. 10 Lakhs at all the time. 2) Compute the working Capital Turnover Rate for the Year. Pls solve me the prblem with required Notes regards Abhi

Respected Experts,
I am cs professional qualified and doing my practical training under a PCS firm in Hyderabad. Along with corporate laws i am interested to make my command on taxation part so that i can do practice in it also. Kindly guide me in this regard.
Are the Certificate courses conducted by ICSI beneficial such as certificate course in GST, FEMA etc., in such courses do they also tell how to file different forms under GST , FEMA ?
Kindly let me know thanks.

May some one explain what exactly is Notes to an accounts,explanatory notes,Directors Responsibility statement and Independent Auditors report? Are all these one and same thing or different. How they are related. Does CA prepare them or the Management of the Company? Who signs them?I am from non commerce background and always confused in above .
Thnx

As per Company's act , is it compulsory that annual financial statements are to be prepared for period ending 31st March or Financial statement may be prepared for other period like 30th June or 30Sept because there are certain business where annual business cycle is different.?

I have not received CS Executive unique registration ID on mail or Phone Number because of which I'm not bale to complete my registration. I need to register in another 3 days and with this Pandemic around I'm not sure is the CS Support center is working. Does anyone have any alternative solution for getting this. This is really important.

I cannot reach them on calls and need to wait for 3 days for mail support.

Help would be really useful
Thank you.

1. What is the IND AS commencement date in India ?.
2. Whether companies have to prepare balance sheet as per CA 2013 or as per IND AS.

Sir,
I am interest for CMA course, I have completed education from beginning to Graduation stream in Hindi medium and I am doing job in manufacturing unit Pantnagar UK.
I want to do CMA course along with Job it's possible with job.
Pls advise me.