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FIFO periodic inventory system
Financial Reporting
answered on 29-Oct-25 18:43
What wld be the inventory cost issued for sales. Else they don’t record the transactions (receipt and issue)on regular basis,as said in the class.? Such entries will not take place in stock register And not required for issuance cost,!
latest answer
In such cases purchases are recorded and inventory is adjusted by way of changes in inventory. It is not computed for each sale.
Reshma
CA Final
★ 570
1
131
NPV
AFM
answered on 27-Oct-25 20:40
There seems to be a calculation error while calculating the NPV of both project A and Project B. [Video Time Stamp: 08:24]
latest answer
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Shreyas Nayak
CA Final
★ 0
3
127
Audit Engagement Letter
Auditing
answered on 10-Nov-25 08:12
Mam, what will happen if the said audit letter which lacks the Term "Responsibility of Management" was issued and accepted by the client, and client without noticing such discripancy, appointed the auditor, and the auditor started his audit with no extra requirement to convey management's responsibility, because management is aware about thier responsibility and they fullfilled their responsibility without even getting acknowledged by auditor's engagement letter?. Besides, will there be any consequence for an auditor to skip the requirement of any such SAs. Which is unnotice by any authority [Video Time Stamp: 04:30]
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Vinod Kumar
CA Inter
★ 11K+
3
135
Cash received in lieu of fractional bonus shares
Direct Taxation
answered on 04-Nov-25 17:47
Under which head it is taxable? Please explain it with the relevant provisions of income tax act?
latest answer
If it is cash compensation then it is taxable under IFOS.
Nisha M
CA Final
★ 2K+
3
136
Time stamp: 10.00 rule for separation
Financial Reporting
answered on 03-Nov-25 16:18
The graphics flow chart for "other" - it should not have a similar feature of Derivative. But there it is mentioned as it should have a feature of ED. [Video Time Stamp: 10:07]
latest answer
Will correct it.
Akshaya Vk
CA Final
★ 1K+
1
100
Financial statements illustration 3
Accountancy
answered on 27-Oct-25 18:10
Sir in this question other current liabilities is 67,500₹ in video but in TB it is 1,07,280₹ sir.. [Video Time Stamp: 20:05]
latest answer
Achha tq sir
Bhavani Hadpad
CA Inter
★ 5K+
2
161
Standard Deviation
AFM
answered on 27-Oct-25 14:48
While computing standard deviation in this question for security X it should be divided by n which is ✓1.3/5 right? Similarly in case of Security Y right. What is the reason for not considering n (number of values) in this case) [Video Time Stamp: 09:42]
latest answer
Thank you sir. Understood!
Shreyas Nayak
CA Final
★ 0
2
119
P&l
Accountancy
answered on 27-Oct-25 09:38
Can anyone explain me the p&L Item Changes in inventory. Of P&l item with simple example
latest answer
Raw material consumed is Opening stock of RM + Purchases of RM - Closing stock of RM. (Basically coming from Manufacturing account) Changes in inventory is used for finished goods.
Snehashis Mohanty
CA Inter
★ 35
5
190
Audio
Others
answered on 27-Oct-25 06:21
Audio is not clearly audible, Sir [Video Time Stamp: 12:53]
latest answer
Can you try on phone once?
Bhuvaneswari Ravi
CA Inter
★ 4K+
1
133
Query on Audio
Others
answered on 29-Oct-25 11:22
Audio is not clearly audible Sir. [Video Time Stamp: 00:07]
latest answer
Okay Sir
Bhuvaneswari Ravi
CA Inter
★ 4K+
11
136