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Insurance claim illustration related

Accountancy

answered on 30-Apr-23 21:34

Chapter: Insurance claims on loss of stock In the attached illustration, the question gives 33.33% on cost as rate of gross profit but in the working note 1 given in next lage it is taken as 25% on sales. Could anyone please explain the logic or formula behind it?

latest answer

Thank you

Prasad Ramasamy

Prasad Ramasamy

CA Final

4K+

8

9K+

Esop

Accountancy

answered on 06-Apr-22 21:03

Sir what is graded vesting sir

latest answer

Ok sir thank you sir

Pandusml V

Pandusml V

CA Final

4K+

2

690

Banking company

Accountancy

answered on 06-Apr-22 21:02

In this he first included in deposits and also in advances

latest answer

Oh ok sir

Pandusml V

Pandusml V

CA Final

4K+

4

496

Bank deposits disclosure

Accountancy

answered on 06-Apr-22 16:19

Why bank deposits for 9 months are disclosed separately in the question below while schedule III requires separate disclosure of only such bank deposits that have more than 12 months maturity?

latest answer

Ok sir

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

6

584

Bank Reconciliation Statement

Accountancy

answered on 08-Apr-22 09:46

I can't understand please explain the problem given in March 2022 MTP - 1 q.no. 2(b)

latest answer

Solution is correct

Vijay Kumar Velagapudi

Vijay Kumar Velagapudi

CA Foundation

175

12

732

Cash flow statement

Accountancy

answered on 06-Apr-22 16:52

Is cash flow statement same for accounting standards module and normal accounts module.

latest answer

Now I get the actual answer from the right person ,Thank you sir

SUMANTH MANNAVA

SUMANTH MANNAVA

CA Inter

5K+

4

466

Transfer fees

Accountancy

answered on 05-Apr-22 01:08

What is this transfer fees?

latest answer

A balance transfer fee is a charge imposed by a lender to transfer existing debt over from another institution.

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

4

582

Doubt.

Accountancy

answered on 04-Apr-22 06:15

1) Iss that goodwill is intangible or fictitious asset 2) closing stock will not in trial balance...but adjusted purchase is given then the closing stock will come on trial balance...... Can any one explain above 2 points....pls.

latest answer

Ok bro..

Balachandar S

Balachandar S

CA Inter

59K+

2

442

CFS

Accountancy

answered on 13-Apr-22 21:30

How to compute AOP for this sum?

latest answer

OK sir thank you

Miradevi S

Miradevi S

CA Final

16K+

9

607

As 12

Accountancy

answered on 05-Apr-22 10:47

Sir I have an ambiguity in how can we say a grant is promoters contribution sir

latest answer

Ok sir thank you sir

Pandusml V

Pandusml V

CA Final

4K+

2

433