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#22: Question for the day (Inter)
Economics
answered on 28-Aug-22 10:26
Write the answer in a sheet as you would write in exam and send photo by 8pm. #LetsPractice In an economy the equations are given as follows: C = 200 + 0.80 Yd, I = 400, G = 300, T = 100, TR = 50 Find the equilibrium level of Income.
latest answer
Correct answer is below. Great responses by all. Keep it up! Yd = Y-T + TR Yd = Y- 100 +50 Y = C + I +G Y = 200 + 0.80 (Y- 100 +50) + 400 + 300 Y = 200 + 0.80 Y- 0.80 X 50 + 700 Y = 900 + 0.80 Y- 40 Y- 0.80Y = 860 0.20 Y = 860 Y = 860 ÷ 0.20 = 4300
Sahibdeep Singh
CA Inter
★ 14K+
4
990
Fm ratio analysis practice sum 5
Financial Management
answered on 27-Aug-22 10:14
Acid test ratio= quick ratio I numerator they should have taken quick asset but they didn't substrct inventory Shouldn't it be (Cash+50000-1,00,000(inventory))/1,00,000=1
latest answer
In your opinion Debtors + cash - inventory= quick asset Quick asset -inventory = quick asset ... This is totally wrong. How come, we can reduce inventory,when it is not included... For finding quick asset ,either u take only quick assets. Or Current asset - stock-prepaid exp.
Gauri Shete
CA Final
★ 5K+
2
582
Ratio analysis Q 7,practice prb
Financial Management
answered on 27-Aug-22 12:46
In this question they have calculated the current liability as â?¹9,00,000 Total assets =52,50,000 which should comprise of equity+debt+current liability But they have taken equity + debt=5250000 How.......did they include current liability in debt????
latest answer
Thanx
Gauri Shete
CA Final
★ 5K+
2
487
Sale or return basis
Accountancy
answered on 27-Aug-22 11:20
How we can calculate cost of the goods in detail
latest answer
Note 33(1/3)% =1/3rd Eg.100 * 33.33% = 100 * 1/3 Both results to And=33.33333 If 1/3rd sales = then 1/2nd cost Sale Rs.1,50,000. (given in Qn) Less :profit Rs 50,000 (1/3 of 150000 ) Cost of goods Rs.1,00,000 Also note = 1/2 of 1 lac cost is Rs 50,000 same profit
Harish Raj
CMA Inter
★ 4K+
1
448
Registration
Exams
answered on 27-Aug-22 08:15
Can we register for the exam without updation of photo,which was awaiting for approval?
latest answer
Tq
Sajeetha R
CA Final
★ 46K+
2
505
TDS
Direct Taxation
answered on 27-Aug-22 00:43
If TDS is not deducted,what would be the treatment for the person who receives the income? Question: If a CA receives audit fee on which no TDS deducted,only the client is liable for deduction of 30% right?
latest answer
TDS rate on Audit fee is 10% Since client missed to deduct it and paid in full to CA That income might fall under 30% slab rate of tax for CA in his tax computation.
Shankari C
CA Inter
★ 12K+
4
575
Section 55
Corporate & Other Laws
answered on 27-Aug-22 00:20
What is the logic of passing this entry if sole purpose of CRR is to issue bonus shares while the matter is for payment for preference shares?
latest answer
Yes both treatments should be done @redemption of pref share 1.Preference share capital(reduced) knocked off by cash/bank(reduced) AND 2.CRR to be created from free reserves (transfers)
Sugam SM
CA Final
★ 9K+
7
411
Tax calculation
Direct Taxation
answered on 27-Aug-22 11:47
What would be the final tax liability
latest answer
Ok.Net tax liability (under normal scheme)=Rs.72,98,590 (Under 115BAC option) =Rs.72,08,890 (only slab tax changes rest calculations remain the same)
Mansi Gupta
CA Inter
★ 915
5
561
Redemption of debentures illustration 4
Accountancy
answered on 02-Sep-22 16:18
In illus 4, we are redeeming it after 1 year. But we are not accounting 12% debenture interest. How to identify whether to pay the interest or not in the sums if no information regarding the same is not given? Anyone?
latest answer
Generally it will be given in question. Else you can make an assumption and solve.
vs navin
CA Final
★ 1K+
2
467
Methods of Costing
Costing
answered on 27-Aug-22 13:29
Icai module Q7 of costing Chapter 1 Kindly, tell the methods of costing of Q7 for each parts. I am facing difficulty to find out methods Thanks
latest answer
Thank you
Mehak Kaur
CA Inter
★ 10K+
2
482