Bit confused

answered on 23-Jun-24 16:23

hi what is this called in image below

latest answer

No image attached

Savi Dhakad

CA Final

★ 0

1

92

framework

answered on 21-Jun-24 09:03

30) why answer A ? what marginal cost mean ?

latest answer

It is 100

Sushmita Chowdhury

CA Inter

★ 715

9

114

cash book

answered on 18-Jun-24 10:21

If the received cheque is endorsed to the other part on the same day then what will be the journal entry

latest answer

Let's assume that Company A receives a cheque of ₹10,000 from Customer X and endorses this cheque to Supplier Y on the same day to settle a debt. Journal Entries: When the cheque is received from Customer X: Bank Account Dr. ₹10,000 To Customer X Account ₹10,000 (Being cheque received from Customer X) When the cheque is endorsed to Supplier Y: Supplier Y Account Dr. ₹10,000 To Bank Account ₹10,000 (Being cheque endorsed to Supplier Y) Or a combined entry Supplier Account Dr To customer Account.

Bharavi Kothari

CA Foundation

★ 20K+

1

73

AS 10

answered on 17-Jun-24 10:56

In the illustration no.18 the solution is stating to consider the gas required to push the gas out for sale as per AS 10.Here my doubt is as per AS 10 natural gas, mineral, oil wont be considered as PPE. So how they are treating as per AS 10?

latest answer

The cost of dead stock which is required to keep plant operational will be considered as PPE as without it the plant cannot be operated.

Niveta Rajkumar

CA Inter

★ 1K+

1

58

Difference of answers

answered on 17-Jun-24 12:23

In video class illustration 6 and in notes illustration 1 FIRST LTD answer is different Which is the correct answer?

latest answer

Ok

Shivashankar Jawai

CA Inter

★ 650

2

75

AS-2

answered on 17-Jun-24 12:01

Why cant i solve the illustration in the video like below sir cost = 1000*5000=5000000 less abnormal wastage=1000*50=50000 total cost of inventory=4950000 cost per unit=4950000/4750=1042 rs

latest answer

We should compute the normal rate first. i.e based on how much would be the number of units we normally receive.

Niveta Rajkumar

CA Inter

★ 1K+

1

69

Ind As 7 Cash Flow statements

answered on 14-Jun-24 09:38

In Image attached while doing Income from Operating activities in indirect method, we will do approprite changes considering changes in current assets ? In the given question I am thinking that we have to consider changes in Investments to as it is given in Current assets. but answer provided in ICAI material not considered (2nd picture), can anyone explain the same.

latest answer

https://youtu.be/BCujphqmx64?si=OI3p8TgYkrui8UsV&t=252 Logic and explanations covered here.

Sai Vema

CA Final

★ 106K+

2

124

DRR

answered on 14-Jun-24 14:00

WHAT IS DRR INVESTMENT? HOW IS IT CREATED

latest answer

No doubt

Bharavi Kothari

CA Foundation

★ 20K+

1

78

Debentures

answered on 03-Jun-24 16:05

Debentures can be issue and redeem in India at discount? Also point out relevant legal section on this.

latest answer

The Companies Act, 2013, does not explicitly prohibit the issuance of debentures at a discount. However, it is essential to follow specific provisions and guidelines: Section 53: Prohibits the issuance of shares at a discount, but it does not directly apply to debentures. Section 71: Governs the issuance and redemption of debentures but does not explicitly address the issuance of debentures at a discount.

Shubham .shubham

CA Inter

★ 885

1

98

Illustration 1

answered on 27-May-24 15:59

How did 20,000 be taken as depreciation? Of 20X2

latest answer

20,000 is the revised carrying amount for the next 5 years. On this the depreciation is calculated by deducting the scrap value

Shivashankar Jawai

CA Inter

★ 650

3

140