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Inventory

Accountancy

answered on 05-Oct-21 10:43

Please explain highlight sentence

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Adjustments required for Inventory valuation (1) sales returns of next year with Rs.300 mark up included in stock (2) slow moving stocks to be written down by 600 (ie. 1125-526) (3) stock to be written down by 300 to its realisable value (i.e. 1550 -1250)

Sejal Shivani

Sejal Shivani

CA Foundation

5K+

9

540

AMENDMENTS

Indirect Taxation

answered on 03-Oct-21 18:41

Sir ,By when will GST Lectures be amended with latest rtp amendments ?

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All amendments are already part of videos and notes - RTPs will be uploaded in a few days

Lalit Sanpal

Lalit Sanpal

CA Final

6K+

1

704

Probability

Maths & Stats

answered on 03-Oct-21 18:29

Q2

latest answer

This is the required answer for above question. If you had understand , then mark it is best . Hope you understand now

pratik dafale

pratik dafale

CA Foundation

2K+

1

545

Form ADT-3

Auditing

answered on 03-Oct-21 21:14

What are the consequences of not filing ADT-3 to the auditor? is there any amendments regarding the penalty for the same

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Thank you...

lithish kumar

lithish kumar

CA Final

3K+

5

880

Interim Dividend

Corporate & Other Laws

answered on 03-Oct-21 18:31

The company has declared interim dividend but it has incurred loss during the current financial year. However it is noted that the company had issued interim dividend for the past five years with the rate of 8%, 9%, 12%, 11%, 10%. Shall the board declare interim dividend, if yes, at the maximum of what rate despite loss during the current financial year? a) Calculating all the five financial years average rate: 8+9+12+11+10=50/5 which is 10% (Or) b) Calculating the last 3 financial years rate: 12+11+10=33/3 which is 11% Can you please tell which option is correct?

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Thank you

Rennie Felicia

Rennie Felicia

CA Inter

2K+

2

571

Preference in audit syllabus

Auditing

answered on 03-Oct-21 18:41

Sir, sould i complete my SA's before audit and assurance or vice versa???

latest answer

The faculty has recorded a specific video on how to prepare for Audit - pls follow that - it is the first video in Auditing course

Vivek shukla

Vivek shukla

CA Inter

8K+

2

535

SoGA , 1930

Corporate & Other Laws

answered on 04-Oct-21 13:42

If a good has been sold on credit , it lies under which category- sale or agreement to sell ? Can a Sale be executory contract ? . And is it mandatory to have delivery of good or payment of price unimportant to determine contract of sale as Sale or Agreement to Sale? ( is classification of contract of sale only dependent upon transfer of property ? ) . Plz answer.

latest answer

A credit sale can either be a sale or agreement to sell depending upon the time when the property passes to the buyer. A sale may be executory in nature. It is not mandatory that delivery and payment of price are unimportant, in some situations the property passes at the time of delivery of goods. For classification into sale and agreement to sell, we see whether there's immediate transfer or a future transfer.

Varun Mulay

Varun Mulay

CA Final

39K+

3

472

Inventory Please solve this sum

Accountancy

answered on 03-Oct-21 20:43

Please solve the sum

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:)

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

13

542

Depreciation Help me

Accountancy

answered on 03-Oct-21 17:21

What should I take as year end for calculating Depreciation? Is it Dec or Mar?? Calander year or financial year friends?

latest answer

Thank you mam

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

2

463

Question 3

Corporate & Other Laws

answered on 03-Oct-21 20:48

Give an example why M cannot sue P as the reduction in interest is is anyways beneficial to P...que3

latest answer

Thank you sir

Gauri Shete

Gauri Shete

CA Final

5K+

4

554