xltd has given loan and advance of Rs. 20 lacs to miss. puspha who is shareholder with 15% holding in F.Y. 2009-10. x ltd having reserve and surplus of Rs. 96 lacs as on 31st march, 2010. now my querry is what is affect of same on both assessee i.e 1) on x ltd 2) miss Puspha.

two different condition:
1) if miss. puspha repaid loan amount in same year.
2) if miss. puspha repaid loan amount in next F.Y.

please reply.
thanks in advance.

if a company offered 6,000 shares and public applied for 5,500 shares, then what will be the issued capital?

Some books say 6,000 will be issued capital while. PC Tulsian CPT book says 5,500 will be issued capital.

Tulsian's book seems to be right but all the most of the other books say 6,000 will be issued capital.

Please clarify.
Thanks in advance

How to prepare for CA_ Final Examinations, please tell me frndz

i have registered with ICAI via MM089993.i have passed one group in intermediate.bu t unfortunately i lost my marklist.can i know the details of the same...pls advise

Opening Stock 4,34,400
Cash Sales 16,00,000
Credit Sales 21,00,000
Total Sales 18,10,000

Selling Price is 125% of Purchase price

Stock Purchased is ?

Purchases = Sales/1.25 = 14,48,000 is answer


But Answeris given as 14,74,400

I am confused between the following two options :

Option-1 : to appear in Group-II only in May 2013 exam of IPCC

Option-2 : to appear in both groups in November 2013 exam of IPCC

Pls post sincere advise.

Regards

Sir I am a CA Final student working in small firm right now. Can I learn auditing work in BIG 4 in 6 months after becoming CA.

Dear Sir/Mam,

Can I take transfer after complition of my 18 months articleship.

Because i am working in a firm where timing of training is about 8 to 12 hrs daily & i am unable to study.

Hi, I have passed IPCC group 1 in May 2012 with 63% marks in my first attempt. I am very keen on joining any of the Big4(s) in Delhi NCR region. I have taken the group 2 exam in November which I hope to clear as well.
Could anyone please guide me on how to apply for article training in any of the big4s or other big firms?
Thank You!

sir,
I have applied for registration for articleship.However i want to take a transfer.so can i simultaneously apply for transfer before I am registered?
please help me.