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How to get 90+
Accountancy
answered on 28-Dec-22 20:30
Can anyone guide me how to get 90+ in both the accounts . I'm doing all the ISM, mtps, rtps, pyp of last three years only upto 2020 I'm giving my exams in may23 is it ok to score 90+ ?
latest answer
Ok
I DON'T KNOW!!! !!
CA Inter
★ 1K+
4
535
AS-2
Accountancy
answered on 23-Dec-22 08:06
As per AS 2 The RM will be valued at cost or Replacement Cost if the FG will be sold at below the cost of FG. Then in this question why the cost of raw material is considered because the FG is sold at 350 wheather 360 is the cost. The question is give in the image
latest answer
Yes. Replacement cost is an approximation of realisable value.
Snehashis Mohanty
CA Inter
★ 35
4
575
INVESTMENTS
Accountancy
answered on 23-Dec-22 14:47
What is the meaning for an asset is capital appreciation while we investing?
latest answer
appreciation means increase in value. It may be realised or unrealised. For PPE you follow guidance given under AS10 /Ind AS 16 for revaluation.
Kamal Kumar
CA Inter
★ 7K+
6
524
final accounts of non manufacturing entities
Accountancy
answered on 22-Dec-22 11:21
How can we calculate closing stock in this question?
latest answer
If stock = 100, Bank OD = 100 x 80% x 80% = 64 So 64 => 100 320000 => X Cross multiply 320000 x 100/64 =5,00,000
Ameena Yasmine PA
CA Inter
★ 3K+
4
697
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
390
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
404
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
643
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
936
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
463
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
422