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Overhead absorption
Costing
answered on 14-Sep-21 10:37
What is overhead absorption or recovery?
latest answer
Actual amount of overheads cannot be accurately determined at the time of producing goods. In order to charge the total costs of the production cost center to the cost units , we need to calculate an overhead absorption rate or overhead recovery for each cost center. Once total overheads ( calculation of overhead absorption rate) of production cost centers are calculated through allocation and apportionment, they are transferred to, i.e., absorbed by, the cost units or products which are produced by those cost centers.
Sri Yoga Vishwa. P
CA Final
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Npo
Accountancy
answered on 14-Sep-21 13:28
Ans this ques nd dep
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Please specify your doubt here.
Kanika Rajput
CA Inter
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Incidence of tax
Direct Taxation
answered on 14-Sep-21 14:36
A person who is an employee in a USA company . He renders service there and also recieve salary there but the company is controlled from India . So then what will be the incidence of tax If the person is RNOR and if the person is NR ??
latest answer
Salary is accrued based on place of service. Hence it is not taxable in the hands of non resident and Resident not ordinarily resident
Chandan Subudhi
CA Final
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Shares
Accountancy
answered on 14-Sep-21 14:13
Want is equity and preference shares With any examples pls
latest answer
These are just 2 kind of shares. Shares as well know is a part of share capital. Equity shares give ownership rights in the company and shareholders thus enjoy voting rights as well. Preference shares are ones which get preference in payment of dividend which is generally fixed for them. At time of winding up too, preference shareholders get priority. Equity shareholders are paid in last depending on whatever surplus remains. News that you listen around that share of a company rose by so much and fell of other, that's about equity share of company.
Balachandar S
CA Inter
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Goodwill
Accountancy
answered on 14-Sep-21 10:25
Difference between super profit basis and capitalization basis.
latest answer
I hope you can get the point.
Nandini Rawat
CA Foundation
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Partnership accounts
Accountancy
answered on 14-Sep-21 14:07
Can anyone explain me the below question
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Meaning of?
Soumya A
CA Inter
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Supply
Indirect Taxation
answered on 13-Sep-21 19:49
Will Supply of goods between principal and agent for consideration constitute supply?
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Thank you!
Sri Yoga Vishwa. P
CA Final
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Redemption of preference share Practical question . 2
Accountancy
answered on 13-Sep-21 15:50
In conversion of debenture into equity shares, why they are divided by 10? It's already split equity shares of rupees 10 each into 5 equity shares of rupees 2.
latest answer
Rs. 10 per share is the issue price. Here Rs. 2 / per share will only go to Equity share capital, Rs. 8 goes to Securities Premium Reserve
Sangeetha J
CA Foundation
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1
578
Joint and several liabilty
Corporate & Other Laws
answered on 13-Sep-21 17:22
In case of joint liability, the partners are treated as one single unit i.e., the firm and a creditor can file a suit against the firm if his money is not paid to him on due date. In case of sevaral liability, each partner is liable to a specific amount to the creditor. So in case of default by any partner, the creditor can sue only that partner. In case of joint and several liability, each partner is both jointly and severally liable. So, if any partner becomes insolvent, the creditor has the right to recover his money from other partners. In this case, he can sue both the firm and that partner in default . Am I correct ? Can the creditor in case of insolvency of any partner make liable the other partners? ( Joint and several liability) Pls explain.
latest answer
Yes ,correct
Sibi Srinivasan
CA Final
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Exemption GSt
Indirect Taxation
answered on 13-Sep-21 19:58
can you please illustrate the incubator and incubatee
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Thank you
Vinoth P
CA Inter
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