Forums
Bck
Economics
answered on 11-Jun-22 18:37
Which institution includes money and foreign market?? a. SEBI b. RBI c. IFCI d. SIDBI Any one plzz tell me the correct answer actually In test series IFCI ans is given bt I think it's wrong ???
latest answer
ok ty
Tanya Batra
★ 7K+
3
498
What will be the ratio of dividing COGS?
Accountancy
answered on 11-Jun-22 12:56
What will be the ratio of dividing COGS? Since Sales has increased do we need to take COGS in proportion of Sales.
latest answer
firstly, find out the sales ratio and then to calculate total income: - you can divide the sales and COGS separately in sales ratio, or - calculate (sales - COGS) you'll get gross profit i.e. (sales-COGS=GP) and then divide GP in sales ratio both the options give the same answer.
Hrishikesh Ransing
CA Final
★ 4K+
4
567
Illustrations and Question bank- IDT
Indirect Taxation
answered on 10-Jun-22 20:32
Hello Sir, I took the IDT course in December 2021, just wanted to confirm that does the question bank in the free resources section covers all the relevant questions and case studies for November 2022 attempt? One more thing the students who have subscribed to the course, do they get any material of the class illustrations, or we have to write those down along with the classes? Thank you in advance.
latest answer
No offline material provided....you can use free resources notes
Shreshth Arora
CA Final
★ 0
4
776
Partnership ac
Accountancy
answered on 11-Jun-22 16:35
I have uploaded the question and my own answer here .. I am getting realization ac ans correct but can u plz help where I am making mistake in cap or cash ac
latest answer
solvent partners should bring in cash equal to their realisation loss
PANTH PANCHOLI
CA Inter
★ 4K+
1
601
Redemption of preference shares
Accountancy
answered on 13-Jun-22 09:49
'To ensure that the interests of outsiders are not reduced, Section 55 provides for redemption of only fully paid-up shares.' Based on about please explain how redemption of partly paid-up shares affect the interests of outsiders?
latest answer
Partly paid up shares have some liability to the company. If you redeem them, the creditors would be at a loss - since someone who was supposed to pay money to the company is not paying. Also when fully paid up shares are redeemed, we transfer FV of the shares to CRR to ensure that the amount is not distributed as dividend.
Rinuja TK
CA Inter
★ 10K+
1
548
Brs
Accountancy
answered on 13-Jun-22 09:50
In this question if Dr bal of pass book on the top is taken as positive , answer is 9500 .if taken negative , it is 2500 .
latest answer
You can take either positive or negative sign. When you change the sign - the addition/substraction would also change. Pls follow a single method.
Reetikaa R
CA Final
★ 7K+
8
741
Precis and summary
Corporate & Other Laws
answered on 10-Jun-22 10:10
In which topic order is required
latest answer
Precis follows the order of the original material, but the summary need not follow the exact order of the original matter. However summary should have the same information from original material (nothing to be added or removed ) and there should be no assumptions in summary .
Nai Jay
CA Inter
★ 7K+
2
510
Securities Held for trade
Accountancy
answered on 09-Jun-22 19:26
Sir, as per AS 13 securities held for stock in trade are not investments and they are also excluded from inventories as per AS 2 then how should be they treated ?
latest answer
As per AS 13 Shares, debentures and other securities held as stock-in-trade (i.e., for sale in the ordinary course of business) are not â??investmentsâ?? as defined in this Standard. However, the manner in which they are accounted for and disclosed in the financial statements is quite similar to that applicable in respect of current investments. Accordingly, the provisions of this Standard, to the extent that they relate to current investments, are also applicable to shares, debentures and other securities held as stock-in-trade, with suitable modifications as specified in this Standard.
Hrishikesh Ransing
CA Final
★ 4K+
3
599
Admit card
Exams
answered on 19-Jun-22 01:08
In 3rd point, what is blotting paper and what is it's use and why ink is needed as we have to write in black ball point pen?
latest answer
Thank you.
Vijay K
CA Inter
★ 9K+
7
650
Doubt in new scheme proposed recently by icai
Exams
answered on 09-Jun-22 14:33
I m going to appear in Nov 2022 foundation. Will I come under the new scheme proposed recently?
latest answer
No.
Teepa dharshini babu
CA Inter
★ 7K+
1
629