Forums
Monetary policy
Economics
answered on 05-Jun-23 10:55
What do you mean by neutrality of monetary policy
latest answer
When inflation is high RBI raises rates to increase cost of borrowing thereby reducing money supply thereby reducing demand and thereby reducing prices - when you raise rates you are said to be hawkish - hawk soars high in the sky When inflation is low and growth is also low , RBI reduces rates to induce liquidity in the economy - this is called being dovish - Doves are peaceful birds and do not siad high in the sky When RBI does not decide either way i.e to raise rates or reduce rates they are said to be neutral
Pandusml V
CA Final
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4
462
Ind AS 33
Financial Reporting
answered on 03-Jun-23 10:40
In Contingently issuable shares No 18 around Min 10, in profit margin case, what if margin falls to lets say 20% in Year 2 ?
latest answer
It is not question, it was case 2 explained by you
Himanshu Somani
CA Final
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2
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Cube root in mirr problems
AFM
answered on 03-Jun-23 12:28
Sir, How to find cube root of a number using simple calculator such as those asked in Q5 of international financial management chapter sfm
latest answer
Thank you sir. Understood
Sajan Gangadharan
CA Final
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3
690
TDS u/s 194Q vs TCS uls 206CR
Direct Taxation
answered on 05-Jun-23 10:06
As stated in 194Q that TDS will prevail over TCS. so if an assessee fails to deduct TDS u/s 194Q.. but on the other hand the buyer deposits(collects) TCS u/s 206CR and pays the same to the government. Now the question arises that will the assessee still be liable to deduct TDS u/s 194Q? As it will make double deduction as well as collection on the same transaction..
latest answer
No Sec 194Q(5)(b) states : The provisions of this section shall not apply to a transaction on which (b) tax is collectible under the provisions of section 206C other than a transaction to which sub-section (1H) of section 206C applies.
Rohan Rupla
CA Final
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1
4K+
AS-5
Accountancy
answered on 05-Jun-23 11:06
If in this illustration if the company account/record the transaction in February 20x8 then does proportionate bill amount is belong to exceptional item??
latest answer
Yes
Atharv Sankliya
CA Final
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404
Sale Of Goods Act
Corporate & Other Laws
answered on 02-Jun-23 21:59
Excise duty- tax on manufacture of goods Customs duty- Tax on import/export GST- Tax on sale or purchase Who is responsible to pay excise and custom duties, the buyer or the seller?
latest answer
Excise duty is applicable only on limited products. Rest taxes have been subsumed into GST.
Nidhi S
CA Inter
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6
497
AS-7
Accountancy
answered on 02-Jun-23 23:07
Does AS-7 applies on the builder who is developing the building as on their own choice (not on the offer of customer) and after building they are selling the flats
latest answer
Yes, he is developing buildings and Sell So As-2 apply For Eg: Generally Purchase of Car Is Fixed Asset and We show it in Balance Sheet asset side. where If we Car dealer showroom and we purchase car It will become Purchases and show in Trading Account and Follow AS-2
Atharv Sankliya
CA Final
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5
542
Exams
Others
answered on 02-Jun-23 22:08
How to prepare for IGNOU bcom exams
latest answer
I didn't have any idea regarding it but my friend recently fee days back said that they will send Books while we paid fees he said we must read those books and write
Paras Singla
CA Inter
★ 650
6
470
Manufacturing Expenses in Trading A/c
Accountancy
answered on 03-Jun-23 10:19
Sir, In Video No : 2 (Trading , P&L and Balance Sheet) sir says that Manufacturing Expense is taken into Trading A/c. Why do we take Manufacturing Expense in Trading, If I am not wrong , Manufacturing expense should be taken into Manufacturing A/c and NOT in Trading A/c. Please guide me sir.
latest answer
If a manufacturing firm is preparing Manufacturing account - it will be taken to manufacturing account. Otherwise it will be taken to trading account. In real life companies prepare only Profit and loss statement.
Thankachan Jimmy
CMA Inter
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3K+
Cash flow statement
Financial Reporting
answered on 02-Jun-23 16:55
Do we need to listen as 3 before listening ind as 7 as given in videos
latest answer
Not required if you have a conceptual understanding of AS 3
Priya Namburi
CA Final
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1
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