CAclubindia

Queries Replied : 88

Hello Friends,

This is CA. Saurabh Garg leaving in Delhi/Meerut.

My Life funda is be practicals and don't believe blindly, mainly when

somthing have been wrongly told to you about someone without proper enquiry.

What kinds of questions I can and can't answer?

My area of expertise

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Award & Honors:

surendra says : direct to pcc
[TO BE PUBLISHED IN THE GAZETTE OF INDIA , PART III, SECTION 4, DATED 23RD FEBRUARY, 2012] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA New Delhi, the 23rd February, 2012 NOTIFICATION “(1A) Any graduate or post graduate referred to in sub-clause (ix) of regulation 2 shall be exempted from passing the Common Proficiency Test under this regulation if such person is a - (i) graduate or post graduate in commerce having secured in aggregate a minimum of fifty-five per cent. of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University) by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting; or (ii) graduates or post graduates other than those referred to in clause (i), having secured in aggregate a minimum of sixty per cent. of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University);

kanika aggartwal says :
grt bhaiya ab to aap expert bhi ho gaye hain.good grt going

Ashish says : g/w
I am still not fully satisfied. The NPSR: 9:6:5. If in this case g/w have to be write off , then Entry will be: A's capital a/c Dr 4500 B's capital a/c Dr 3000 c's capital a/c Dr 2500 To G/W A/c 10000 Here in this case Net Effect will be : C's capital a/c Dr 2500 To A's capital a/c 1500 To B's Capital A/c 1000 but if g/w would not be written off the net effect is something different. How could this be happen since the net effect should be same, either write off or not.