Forums
Factoring
Financial Management
answered on 27-Oct-22 18:41
Can someone explain this problem?
latest answer
ok thank you sir
Lohita Prava
CA Inter
★ 2K+
4
577
Accounting for CA foundation selective method of preparation
Exams
answered on 26-Oct-22 10:40
If I wish to leave nearly 20% Accounts syllabus for CA foundation please suggest which chapters should I leave ? I have seen Indigolearn's mark distribution chart but I want to know on the basis of difficulty level which chapters are most difficult. Like till now I have not done Consignment Dissolution of partnership firm and Issue of Shares and Issue of Debentures. I know all these chapters have strong weightage in the exam but I want to know if I leave 1 or 2 chapters from the above chapters which chapter should I leave ? Or should I try to complete all these 4 chapters ? I am a Science student. I began my CA preparation in the month of September. Please guide me
latest answer
Ok sir
Ardhendu Sekhar Acharya
CMA Inter
★ 250
14
1K+
Branch accounts
Accountancy
answered on 31-Oct-22 12:14
Here why should we record in cash account? If HO directly paid the expenses.
latest answer
You can exclude that and do as well
Sugam SM
CA Final
★ 9K+
8
476
In 5th question about variable cost
Financial Management
answered on 26-Oct-22 08:11
Why in answer same variable cost for each case is not taken in below iam attaching question and answer
latest answer
Cost is of two types- Variable Cost and Fixed Cost Variable cost varies with the sales quantity and sales price but the ratio between seling price and variable cost remains same in all cases. The variable cost per unit remains same. Fixed Cost remains fixed irrespective of the cases and the total amount of the cost remains same but the fixed cost per unit decreases with increase in sales quantity and vice versa.
Mr M
CA Final
★ 3K+
2
613
Composition aggregate turnover or normal aggregate turnover
Indirect Taxation
answered on 26-Oct-22 09:48
Exempt supply of service by way of extending loans and advances are to be considered in aggregate turnover?
latest answer
1. Supply of exempted goods + taxable goods = Registration limit Rs.40 Lakhs based in State. 2. Supply of services + goods (mix of goods and services) = Registration limit will be Rs.20 Lakhs based on state.
Rick Y
CA Final
★ 2K+
17
515
Scraped machinery
Accountancy
answered on 26-Oct-22 11:19
If a machinery is scraped just one day after purchasing it then is depreciation for 1 days charged or not ?
latest answer
If entity is using ERP, they may charge. It depends on materiality of the amounts involved.
Atharv Sankliya
CA Final
★ 3K+
3
433
Salary
Direct Taxation
answered on 27-Oct-22 07:30
Housing loan @6% per annum.amount outstanding on 1.04.2021 Is Rs.600000. Mr badri pays Rs. 12000 per month on 05 th of each month How to calculate perquisite value
latest answer
Perquisite shall be determined as the sum equal to the interest computed at the rate charged per annum by the SBI as on the 1st day of the relevant previous year in respect of loans. This rate should be applied on the maximum outstanding monthly balance. â??Maximum outstanding monthly balanceâ?? means the aggregate outstanding balance for loan as on the last day of each month. The perquisite value for computation is 10% - 6% = 4%
Keerthana .R
CA Inter
★ 600
1
1K+
Marginal Costing
Costing
answered on 25-Oct-22 15:25
1)Sale volume increase means what , quantity increased or total sale value increase. ? 2)Also why we take the same BES in the sub question no. iv
latest answer
Thankyou :)
R M
ACCA Professional
★ 4K+
3
475
Overriding section
Direct Taxation
answered on 27-Oct-22 11:22
Does section 37(2B) overrides section 80 GGB? in respect of expenditure incurred on advertisement in brochure of political party. What's the final answer ? Allowed or disallowed?
latest answer
Any expense related to advertisement in any souvenir, brochure, tract, pamphlet or the like published by a political party are not allowed u/s 37(2B)
Shankari C
CA Inter
★ 12K+
7
512
Deduction 80 EEA - interest on loan
Direct Taxation
answered on 25-Oct-22 23:38
In this sum , interest on loan can be allowed on accrual basis u/s 24(b) right ? Then how to compute for 80EEA deduction.For Mr.B , they have taken on accrual basis eventhough interest is paid for 11 months only.How to differentiate for which to take 12 months and 11 months ?
latest answer
Your welcome sis
Shankari C
CA Inter
★ 12K+
7
442