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Doubt in "Goods sent on Sale or return basis"
Accountancy
answered on 20-Nov-20 08:24
Sir....... In practical question 4 in inventory chapter...... physical verification is done in 23rd June.....and stock value should be determined on 30th june........ in between 23rd and 30th goods sent on approval is 3,20,000 of which half of the goods were returned before 30th june.....but no information is available regarding the remaining half of the goods...... In solution.....what they have done is.....for the remaining half goods......cancellation of sales is made...... Now what my doubt is...... Should we do the Cancellation of sales only on the year end (or) it can be made in any other circumstances as above(question 4 of inventory)....
latest answer
It can be done at month end as well.
Girinath A
CA Inter
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1
600
AS2
Accountancy
answered on 20-Nov-20 10:03
If the model itself is removed wont the items that were required to manufacture that car model become useless and if so it cannot form part of inventory as it fails to sarisfy the defn. Of inventory? I mean shouldn't it be shown under current asset or non current asset as per its realization term? Please clarify
latest answer
It will be shown under inventory.
Venkatesh Rathinam
CA Final
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Can you tell the logic/reason for option c being the answer here...
Strategic Management
answered on 20-Nov-20 09:06
?
latest answer
Its done by operational/lower level management/staff.
Kumarjit Dey
CA Inter
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4
644
Sir, could you solve and explain the Oct, MTP?
Strategic Management
answered on 20-Nov-20 10:13
Please. It would be helpful for all of us.
latest answer
Thanks a lot, sir. Will be waiting ð???
Kumarjit Dey
CA Inter
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4
694
Please explain the steps for question no. 111
Maths & Stats
answered on 27-Nov-20 12:48
Process
latest answer
Thank you
Roshan Zameer
ACCA Professional
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642
Doubt
Exams
answered on 20-Nov-20 16:04
How many marks will be deducted if section is written wrong in exam ?
latest answer
Ok Sir
Sri kanaga Varshini
CA Final
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2
730
Senior advocate
Indirect Taxation
answered on 20-Nov-20 08:26
Services rendered by a senior advocate to other advocates ,is there any threshold for tax ability?
latest answer
No.
Satya Shashank
CA Inter
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1
736
Classification of market
Economics
answered on 14-Dec-20 10:55
Tell examples of regulated and unregulated markets
latest answer
Stock market is regulated market And local market is unregulated market
Hema Sree
CA Inter
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3
725
Which option for 82
Maths & Stats
answered on 20-Nov-20 08:27
Should I choose C or D
latest answer
C. Why would you chose D?
Roshan Zameer
ACCA Professional
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1
634
Process Flow of Sale - Credit Card Facility
Information Systems
answered on 20-Nov-20 08:28
" customer will swipe the credit card for the purchase made by him or her on the POS machine the point of sale machine will process the transaction only once the same is authenticated. the point of sale will send the authentication request to the merchants Bank" Here authentication means PIN/OTP?
latest answer
At POS where PIN is required, PIN is authenticated.
Kumarjit Dey
CA Inter
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1
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