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Sale or return basis

Accountancy

answered on 07-Apr-23 05:50

How that second entry will come. Only when sales is reversed that entry will come. But that remaining 80 goods is shown under inventory acc then why that second entry. Please anyone explain

latest answer

Tq bro for your clear explanation

Lathika

Lathika

CA Inter

6K+

2

499

Way to Study EIS

Information Systems

answered on 25-May-23 19:41

Not able to mug up the portions, if having any strategy please help

latest answer

- Try to cover SM thoroughly. - For EIS, if not possible to cover entire book, you can cover MTPs, RTPs and PYQs.

vishnu kiran

vishnu kiran

CA Inter

9K+

12

603

Trading of shares - Taxbility

Direct Taxation

answered on 06-Apr-23 21:05

Under which head the income from trading of share is taxable capital gain or pgbp Note - here trading is not intraday trading

latest answer

Capital gains.

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

1

514

Depreciable assets - capital gain/loss

Direct Taxation

answered on 06-Apr-23 20:03

Why depreciable assets are treated only as short term gain or losses not as long term?

latest answer

Asset loses identity once included in a block

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

1

454

Partner provisions in pgbp

Direct Taxation

answered on 06-Apr-23 23:17

I need an explanation to this provision in simpler words...please do help me with this

latest answer

Thank you for the simplification its really helpful. 😊

Anirudh gupta

Anirudh gupta

CA Inter

27K+

2

492

Cost of Capital

Financial Management

answered on 07-Apr-23 18:37

1. In the following two questions, they asked for WACC and Marginal cost of capital, what is the difference between these two, look similar in computation?

latest answer

Thanks Sir

Prethivi Rajan

Prethivi Rajan

CA Final

9K+

3

547

IND AS 36

Financial Reporting

answered on 07-Apr-23 17:01

SIR, how to distinguish between Paragraph 116 of IND as 116 and normal upward revaluation

latest answer

When you calculate the value in use - you compute PV of future cash flows. As time passes, PV calculation will be higher due to unwinding of discount. This is not considered as upward revaluation.

Gandlapati Hari Reddi

Gandlapati Hari Reddi

Qualified CA

17K+

1

646

General

Financial Management

answered on 06-Apr-23 16:54

Which chapter would be safe to leave for FM apart from theory

latest answer

Thankyou :)

R M

R M

ACCA Professional

4K+

5

716

mcq's

Auditing

answered on 10-Apr-23 08:24

are the mcqs amended for ca inter group 2 and i cant find automated environment chapter mcqs

latest answer

Please write to support@indigolearn.com

Bhavya Kumar

Bhavya Kumar

CA Final

7K+

4

493

Preparing trading p and l account

Accountancy

answered on 06-Apr-23 11:58

In this q , if I do wrong in finding depreciation how many marks will I lose

latest answer

About 2-3 marks.

SANSKRITI BADRI 2111339

SANSKRITI BADRI 2111339

CA Final

4K+

1

485