Forums
Absorption of OH
Costing
answered on 15-Sep-22 15:02
In this question , to find cost of using machine with computer , rs 10 plus rs.17.5 per hour is done . Rs.10 is both for with and without computer right ??
latest answer
The machine hour rate is computed considering the overheads + computer hire charges So, without use of computer - only overheads With use of computer - overheads +computer hire charges Overheads per hour = 35000/3500 = Rs.10 which is included in both When you consider the overall machine hour without computers = only overheads =10 with computers = overhead + hire charges = 10+ (35000/2000) = 27.5
Reetikaa R
CA Final
★ 7K+
3
455
Cash flow statement
Accountancy
answered on 12-Sep-22 11:34
Reserves and surplus! Where can we see it's impact in cfs?
latest answer
Thanks Brother
Bumble Bee
CA Final
★ 3K+
3
567
Is Direct Tax and Income Tax Same?
Direct Taxation
answered on 12-Sep-22 14:54
Is Direct Tax and Income Tax Same?
latest answer
Income tax is a part of direct tax
A B
CA Inter
★ 105
4
634
Computation of GAV
Direct Taxation
answered on 17-Sep-22 16:40
MV -9,00,000 FR- 10,00,000 SR - 12,50,000 AR- 70,000* 12= 8,40,000 Unrealised rent - nil ( it is not deductible as there is possibility of recovering bcz tenant still in the house of assesee) Vacancy - 70,000*1.5= 1,05,000 Step 1 : 10,00,000( err) Step2: 8,40,000 (AR) Step 3 : 10,00,000 ( step1>step2) Step 4 : 1,05,000 (loss due to vacancy) Step 5 GAV : 8,95,00 It is 1st Alternative If we go with second alternative then GAV 10,00,000 I want to ask which alternative we have to choose for exam and which is more appropriate
latest answer
Yes
Rick Y
CA Final
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4
563
GST Syllabus Removed In May 23 Examination?
Direct Taxation
answered on 12-Sep-22 12:12
Has GST Syllabus Removed from May 23 Examination? It is available for November 22 exam but is missing for May 23. Please Guide.
latest answer
You need to follow the study material available for May-22/Nov-22 attempt. Later on ICAI will release statutory update.
A B
CA Inter
★ 105
3
558
CA FINAL CORPORATE LAW
Others
answered on 12-Sep-22 14:56
Is it considered a foreign company if: The company is incorporated outside India, it doesn't have a place of business in India, but all its shareholders are Indian citizens.
latest answer
Yes its a foreign company It doesn't matter the nationality of shareholders. We need to just look at the place where company was incorporated
Gnanakshi Dandapani
CA Final
★ 13K+
2
434
Sale of Goods Act
Corporate & Other Laws
answered on 11-Sep-22 20:34
Please give this a read and tell me is this an accurate answer to be written in exam. Does I need to mention about "Merchantable Quality" in my answer ? Please find the necessary corrections or rectifications if any and Answer me about any changes required in my answer. Question no.3 " Santro car question "
latest answer
Yes you want to write excatly what in the icai material and section 16 is correct
Ardhendu Sekhar Acharya
CMA Inter
★ 250
4
442
Accounting Pronouncements / Auditing Pronouncements
Accountancy
answered on 12-Sep-22 10:50
What Are Accounting/ Auditing Pronouncements? Should we learn it for Exams or Its just for reference.
latest answer
SAs and ASs/guidance notes are called Pronouncements
A B
CA Inter
★ 105
6
489
Amalgamation
Accountancy
answered on 14-Sep-22 07:14
Why in this sum, shares to settle loan is treated as shareholders
latest answer
Ok sir
Umayal Lakshmanan
CA Final
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455
Doubts
Exams
answered on 11-Sep-22 19:22
Will 115 BAC slab rates be asked in the Nov 22 exams?
latest answer
Okay, thank you so much
Abishek Narain
CA Inter
★ 10
2
393