Forums
Period costs
Costing
answered on 11-Jan-21 09:16
Why are non manufacturing costs called period costs? In my understanding, period costs are those which pertain to a specific period.
latest answer
The costs which are attributable to production are called product cost and they are added to cost of inventory. Costs which are not product costs are expensed in the period in which they are incurred/ or in which benefit is derived - these are period costs. For e.g Advtertisement expense - these are period costs.
Aman Mahajan
CA Final
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Director's authority
Corporate & Other Laws
answered on 12-Jan-21 09:12
Is each director's authority specifically mentioned in the AoA or general authority of all the directors? Does an outsider (say Bank) have to know the authority of the specific director it is dealing with?
latest answer
Yes. It can be.
Aman Mahajan
CA Final
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Articles of Association
Corporate & Other Laws
answered on 11-Jan-21 10:53
Explain the point in the image.
latest answer
The model articles will be deemed to be the articles of the company.
Aman Mahajan
CA Final
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company not having share capital
Corporate & Other Laws
answered on 11-Jan-21 10:52
What does it mean that a company doesnot have share capital? How can a company function without share capital? What is the difference between having and not having share capital?
latest answer
A company without sharecapital functions on grants received. There could be guarantees given by shareholders. Generally seen in not for profit sector.
Aman Mahajan
CA Final
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688
BRS
Accountancy
answered on 10-Jan-21 06:15
Sir how can we logically differentiate errors and timing difference
latest answer
Errors are incorrect postings. Timing difference occurs when transactions are posted in different periods.
nisam M
CA Final
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BRS
Accountancy
answered on 11-Jan-21 10:15
sir how do we distinguish whrther adjustments in the question is rectification in cash book or not . Iam getting confuse , please a logical way to understand it
latest answer
It would be mentioned in the question. Either to rectify the cash book or to find updated balance in cashbook
nisam M
CA Final
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738
In bill of exchange
Accountancy
answered on 11-Jan-21 10:36
In this question how do we calculate suresh share of discount on the 2nd bill and sir explain the logic
latest answer
Thanks bro ð???ð???ð???ð???
nisam M
CA Final
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689
Income from other sources
Direct Taxation
answered on 11-Jan-21 11:01
What will b the tax rate fr divednd recieved frm foreign co. Sir
latest answer
ð???
Shru Kanda
CA Inter
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693
Videos
Others
answered on 10-Jan-21 08:52
Sir ur income tax videos are just buffering
latest answer
PLs share a video recording <20Mb with us at support@indigolearn.com. Please record it from another phone / device and send it
Shalini Shalu
CMA Inter
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625
Departmental accounts
Accountancy
answered on 10-Jan-21 14:57
In this chapter, illustration 2,3,5 of icai material s not covered in ur videos ...sry to say this, I regret buying that chapter a bit
latest answer
Really appreciate your humility. thank you
Reetikaa R
CA Final
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