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Allocation of fixed factory overheads differently after including them in the cost of inventory
Financial Reporting
answered on 06-Nov-25 11:02
Sir,while computing the cost of inventory per unit, we already allocated the fixed overheads of Rs.10000000 to the inventory. Then why did we treated them separately in the next half of the question? why did we expensed the remaining overheads of Rs. 5000000 to P&L A/c ? [Video Time Stamp: 04:41]
latest answer
We did not absorb full 100 lakhs to inventory. Only 50 lakhs is allocated since the actual production is 50,000. The part which is not allocated (under absorbtion as per costing principles) is charged to P&L
Siddhi Agrawal
CA Final
★ 490
1
138
other expenses
Auditing
answered on 09-Nov-25 16:39
rent should be recorded on SLM what is meant by that whether increase or decrease in rent amt ? [Video Time Stamp: 05:54]
latest answer
When we say rent should be recorded on a Straight Line Method (SLM) basis, it means: The total rent expense over the lease period should be evenly spread (amortized) over the entire lease term, irrespective of actual payment pattern. So — it doesn’t mean that rent will increase or decrease each year. It simply means that even if the actual payment changes (e.g., due to escalation clauses), the accounting charge (expense recognized) should be straight-lined — i.e., recorded evenly.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
140
Blood relation
Maths & Stats
answered on 05-Nov-25 15:46
Sir as per the question Gopal and Ganga has 3 children and Rekha and ram are the favourite 2children of Ganga so out of 3children 2are ran and Rekha so can’t we assume that the 3rd child is Mithun because Ganga has 3children And as question it is asked that what is relation between Mohan and Mithun so we considered that Mithun is Gopal and Ganga son and Mohan and Gopal are brother it is assumed that Mohan is uncle of Mithun But as per options sir selected no relation But I think the option correct option is uncle [Video Time Stamp: 03:43]
latest answer
ICAI also does not think answer is c page s 12.10 and 12.11 https://resource.cdn.icai.org/81987bos66111-cp12.pdf
Rudransh Aheer
CA Foundation
★ 3K+
4
152
Accounting entry for additional discount
Financial Reporting
answered on 06-Nov-25 11:04
From given example at lecture, Why can't the accounting entry be - Dr. Bank A/c - 9000 Cr. Revenue - 8000 Cr. Contract liability -1000 (Considering the addl. discount is Rs.1000) [Video Time Stamp: 08:34]
latest answer
There are two obligations here 1. Sale of FR 2. PRovision of discount. And we allocate the amount collected between these two.
Immanuel Babu
CA Final
★ 5
1
132
occurance
Auditing
answered on 09-Nov-25 16:41
what are the specific consideration to be taken for delivery of F.O.B., C.I.F.
latest answer
FOB: Ownership transfers on shipment - Buyer records purchase even if goods not received. CIF: Ownership transfers on delivery -Buyer records purchase only on arrival. Auditor checks Bill of Lading, cut-off, insurance, and freight documents accordingly.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
107
SPOM Module SET C and D
Exams
answered on 04-Nov-25 22:48
Hi, I cleared CA Intermediate in the Nov'23 attempt and have joined articleship under the 2-year scheme. whether SPOM Set C and D are applicable to me.
latest answer
No
Jitendra Kumar
CA Final
★ 41K+
1
157
Persuasive VS Pervasive
Auditing
answered on 10-Nov-25 08:11
mam, i have been coming across both of these terms, which i searched online for their meanings. Persuasive is something making belive and Pervasive means wide spread of something. In the video lecture you have used both the terminologies, can i request clarification with respect to both the terms in the context. like which term be used where? [Video Time Stamp: 00:46]
latest answer
understood , thank you mam
Vinod Kumar
CA Inter
★ 11K+
2
266
Cost of Capital
AFM
answered on 04-Nov-25 18:17
Sir even though calculating Ke by 1/PE Ratio is rationally wrong. Cant we do it in this problem 1/7.5 =13.3%? [Video Time Stamp: 03:06]
latest answer
Very true sir😂. Sure sir Understood
Shreyas Nayak
CA Final
★ 0
2
114
Capital Gearing Ratio
AFM
answered on 04-Nov-25 13:39
Sir, here in this formula, shouldn't we consider the reserves amount to be 32 Lakhs plus the 6.21 lakhs (as computed in the previous working note). Because retained earnings is also a part of the reserves right. Moreover if is this is considered the Numerator would be 104 Lakhs and Denominator would be 118.21 Lakhs (80+32+6.21). Then the CGR would be 0.879. Is this analogy correct or wrong? [Video Time Stamp: 14:12]
latest answer
Understood sir. Thank you.
Shreyas Nayak
CA Final
★ 0
4
156
Certificate
Others
answered on 08-Jan-26 13:30
Do we get any certificate for tally and excel sir?
latest answer
Project is inside the course. Once you complete the course, let me know as a reply to this forum
Viveka R
CA Inter
★ 3K+
8
159