Forums
Cash flow
Accountancy
answered on 22-Dec-22 10:42
If I see net profit is this NP after dividends??
latest answer
This is Net Profit After Tax...
Dhakshana Dhakshana
CFA L2
★ 18K+
2
264
Branch Accounts
Accountancy
answered on 21-Dec-22 15:55
Does HO show branch profits & losses in its P&L a/c before consolidation?
latest answer
No, head office does not show branch profit or loss in its P&L account. Even in case of dependent branch, head office records all the transactions in its books creation separate branch accounts but not in its ledgers.
Vishal Mittal
CA Inter
★ 4K+
1
292
final accounts of non manufacturing entities
Accountancy
answered on 21-Dec-22 10:27
can we take balancing figure of balancesheet as cash at bank instead of preparing bank a/c
latest answer
Ok sir. Thank you
Ameena Yasmine PA
CA Inter
★ 3K+
2
405
Managerial Remuneration
Accountancy
answered on 21-Dec-22 18:25
Please refer to the below answer for computation of managerial remuneration of ICAI past RTP. They have deducted directors's fee here but as per section 197, remuneration of directors should not be deducted from net profits while calculating managerial remuneration.
latest answer
Ok Sir. Thanks. I thought they are one and the same thing
Sarthak Aggarwal
CA Final
★ 9K+
6
703
Inventories
Accountancy
answered on 21-Jan-23 00:00
In exam, can we do inventory taking problems using trading account OR should it be done like a statement ( like given in icai material) ????
latest answer
Both are allowed
Monika T
CA Final
★ 7K+
3
315
BRS
Accountancy
answered on 20-Dec-22 07:56
How to solve this question?
latest answer
See for your reference
Vedant Vijay
CA Foundation
★ 1K+
2
298
Joint cost
Accountancy
answered on 23-Dec-22 14:22
How these cost are multiplied in 2/3 and 1/ 3 Can anyone explain me?
latest answer
On the basis of sale value ratio.
Snehashis Mohanty
CA Inter
★ 35
3
306
Inventories
Accountancy
answered on 20-Dec-22 12:50
Here,what does it mean by Mark up being 20% on cost and how is it calculated?
latest answer
"Profit Markup" Means "Profit % on Cost". And "Profit Margin" Means "Profit % on Sales".
Monika T
CA Final
★ 7K+
6
434
Final accounts manufacturing
Accountancy
answered on 20-Dec-22 07:44
If manufacturing ac is maintained, then do fuel charges come on manufacturing ac or pnl?
latest answer
Manufacturing account
Vedant Vijay
CA Foundation
★ 1K+
2
338
Can anyone explain me this problem?
Accountancy
answered on 18-Dec-22 22:04
I am unable to understand the solution.
latest answer
Lets say you have goods costing Rs 100. Now lets say there is 25% profit on cost = 100 x 25% = 25 Then, the selling price is 100 + 25 = 125. Then percentage profit on selling price is 25/125 x 100 = 20%. hence 25% profit on cost = 20% on sales
Snehashis Mohanty
CA Inter
★ 35
5
385