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GST applicable or not

Indirect Taxation

answered on 06-Sep-22 11:10

In case of alcohol transfer from one business unit to another then in that case is gst applicable?

latest answer

GST applies to the supply of all goods and services. However, liquor meant for human consumption is kept outside its purview.

Arun Seelam

Arun Seelam

CA Final

4K+

2

501

RATIO ANALYSIS

Financial Management

answered on 06-Sep-22 07:49

Could anyone provide a logical reason as to why , in RETURN ON ASSETS AND RETURN ON CAPITAL EMPLOYED , interest is included .

latest answer

Capital employed is debt and equity. So the return is being calculated for both. Hence interest is not deducted.

Junaid Sherif

Junaid Sherif

CA Final

7K+

1

497

Permutations

Maths & Stats

answered on 06-Sep-22 10:00

Can anyone tell me the answer with understanding solution for question number 9 which given in below image If any short cut I'd there for that 9th sum. Anyone tell me the ans. Thanks in advance:)

latest answer

Ok sir

Balachandar S

Balachandar S

CA Inter

59K+

5

602

Market Capital

Accountancy

answered on 05-Sep-22 22:39

What is Market Capital??

latest answer

Market capâ??or market capitalizationâ??refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares.

Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

1

574

Overhead

Costing

answered on 07-Sep-22 11:13

Here, overheads by cost records is 120000.By financial records,125000. Then while reconciling why are we taking the balancing figure in OH A/C?

latest answer

It is under absorption

Shankari C

Shankari C

CA Inter

12K+

23

589

Accounts

Accountancy

answered on 05-Sep-22 22:01

Cash account has which balance

latest answer

Since Cash is an asset account, its normal or expected balance will be a debit balance.

Bindu Meghana Popuri

Bindu Meghana Popuri

CA Inter

0

4

578

Sales of Goods Act

Corporate & Other Laws

answered on 06-Sep-22 10:44

Can anybody explain the last two points about Insolvency of buyer and seller respectively. What is written in those columns I am not able to understand anything of it.

latest answer

Thank you madam

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

10

885

Ledger

Accountancy

answered on 06-Sep-22 10:13

Whenever we go to any general Store and we say khate mein likh Lena is that ledger account???

latest answer

Khata - Means ledger or account. Actual word used is 'Bahi Khata' So when you say 'Khate main likh lena', it is basically buying on credit and the store owner will note in the account.

Prathmesh kharul

Prathmesh kharul

CA Foundation

3K+

3

562

Doubt

Costing

answered on 06-Sep-22 11:13

What does ' Overhead Recovery rate' means? In 4th point.Is it the amount to be charged to WIP Control a/c ?

latest answer

In 4th point.Is it the amount to be charged to WIP Control a/c ? - Yes

Shankari C

Shankari C

CA Inter

12K+

4

545

Sale of Goods Act

Corporate & Other Laws

answered on 06-Sep-22 11:14

What is Contigency Contract ? Please explain point no. 2 and in the given photo. Point no. 2 and Example 19 in section 6 - Existing or future goods

latest answer

Answered

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

8

648