Forums
MCQ
Direct Taxation
answered on 27-Jun-21 21:13
Can you please tell me what should be considered for computing Salary in RPF? Should we consider Fixed commission or not??
latest answer
Thank you
Sindhu Rao
CA Inter
★ 670
8
774
Doubt
Costing
answered on 28-Jun-21 09:29
In joint cost IL Illustration 8 lecture 7 why don't we apportion fixed cost also along with variable cost?why do we take it separately in total?
latest answer
Because its common expense..... for all joint products, there is no basis for distribution Variable costs were apportioned based on NRV as stated in the problem
Priyanka Udeshi
CFA L1
★ 14K+
1
500
Contract of indemnity
Corporate & Other Laws
answered on 27-Jun-21 22:08
Why Life insurance is not considered as contract of indemnity
latest answer
Because death is certain. In indemnity contact, the probability of damage is covered. For death the probability is 100%. Another reason is that death of the person cannot be quantified and paid in terms of money. Moreover, in life insurance, whether the person dies or the maturity time of the policy arrives, the maturity amount has to be paid by the insurer.
Surya Prakash
CA Final
★ 19K+
1
547
Marginal relief
Direct Taxation
answered on 29-Jun-21 08:39
Can any solve this
latest answer
pls do not share such details on forums
Sairam Reddy
CA Final
★ 10K+
6
754
Business cycles
Economics
answered on 29-Jun-21 08:51
What is interest rate in expansion,peak,contraction and trough?
latest answer
usually, a direct relation exists- when the economy is doing well, interest rates are upward trending when there is depression interest rates are low
MATURU HAMSA GAYATRI
CA Final
★ 23K+
1
548
Illustartion 7, pg 4.42, Financial statements of company
Accountancy
answered on 27-Jun-21 20:46
Why interest on debentures has double effect even if it is shown in trial balance?? (It is shown under finance cost as well as under other current liabilities)
latest answer
Int on deb not given in trail bal So doubt effect arises One is finance cost and other is other CL
Sambhav Singh Patel
CA Inter
★ 150
1
584
Accounts
Accountancy
answered on 28-Jun-21 06:37
Whether in the advance accounting ( Group 2 CA- Inter ) all the questions from ICAI latest module are covered?? Actually I am planning to buy the course that's why I am asking
latest answer
Most of them yes - if you have multiple problems of the same type then we would not cover all such problems
Anjali Dhyade
CA Inter
★ 330
2
581
Vaccination
Exams
answered on 27-Jun-21 17:18
Is vaccination is must for apprearing exams in may2021??
latest answer
Not required.
Sathiya Bama
CA Final
★ 24K+
1
772
Difference between
Auditing
answered on 27-Jun-21 17:53
What is the Difference Between WORKING PAPERS AND AUDIT DOCUMENTATION?
latest answer
Whatever audit procedures the auditor performed , audit evidences collected and conclusions reached while conducting an audit , he has to document(record) it as required by SA 230 Audit documentation . This is Audit Documentation . Audit Documentation is the working papers of auditor , he uses it while performing audit and as a evidence that audit was actually carried out in accordance with SAs and it is the property of auditor . No diff. b/w those terms .
Lalit Sanpal
CA Final
★ 6K+
1
665
AS2(revised)
Accountancy
answered on 27-Jun-21 15:01
Can anyone explain that why we take value of inventory always at (NRV or cost of inventory whichever is less) ?
latest answer
It's simple... As per AS-2 Stocks are always valued at lower of the NRV or cost price it's shows true and fair of the profit or financial position of the organisation... If you are valued stocks at higher of the NRV or Cost price it is indirectly leads to overvaluation of our Profit without making actual profit by the operations....
rinky sharma
CA Inter
★ 1K+
1
645