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Process costing

Costing

answered on 10-Oct-20 18:02

Why in abnormal gain it is treated as 100% complete in all cost elements irrespective of percentage completion and in abnormal loss it is treated as per percentage completion ? Plzz reply

latest answer

Thax

Swathi Krishna

Swathi Krishna

CA Final

8K+

2

726

English

Others

answered on 09-Oct-20 17:53

Mam for English please provide the formats for letter, mail, CVS,.....in PDF format in exam presentation it's easy to understand in quick revisions

latest answer

You can refer to the ones given in study material / notes

Jashwanth S

Jashwanth S

CMA Inter

2K+

1

665

CLARITY ON ZERO DATED SUPPLIES

Indirect Taxation

answered on 10-Nov-20 08:22

As per the provisions in IGST Act, 2017 Export of services means the supply of any service, where a. The supplier of service located in India b. The receipient of service located outside India c. The place of supply of service is outside India d. The payment for such service has been received by supplier the supplier of service in convertible foreign exchange e. The supplier of service and recepient are not merely establishments... My doubt: Suppose a company is supplied the Environmental services in the nature of announcements, seminars, awareness programs, and some technical activities about recycling also involved and the services are provided to different companies, schools, colleges and general public too involved For these services the entity is received amounts from one US Entity and all services are provided on their behalf of course. Now question is the services are provided to US Entity and place of supply is India but you cannot address specific organization for billing as I already described above <what is the treatment we have to give in GST in this case don't say like export express the provisions and give conclusion to me wrt TO place of supply and Taxability>

latest answer

Merely providing services in India instead of in outside India doesn't means that place of supply is in India. For that we have to refer sec 13 which tells us place of supply in case of either location of supplier or receipt are in India. So in your case supplier is India and receipt is in outside India. As per sec 13(2), place of supply is receipt place if location is available otherwise supplier pace. So in your case location of receipt will be know at the time of raising invoice u/s 31. So ultimately the service providing to outsider in india is exper of services.

SAI KUMAR CHIGICHERLA

SAI KUMAR CHIGICHERLA

Qualified CA

2K+

6

709

About CMA full cours

Others

answered on 09-Oct-20 18:11

Whether full course will be available for CMA for june21 batch?? Or only the part of the syllabus covered as of now be available for june21 bactch?

latest answer

KKK sir thank u so much

baranitharan b

baranitharan b

CA Final

21K+

8

662

Inventories

Accountancy

answered on 13-Oct-20 09:27

Can anyone send answer for inventory lesson PG.4.22 practical question 2 using trading account??

latest answer

I didn't get answer

Pooja .

Pooja .

CA Final

210

9

700

Advanced ACCOUNTING - illustration 6

Accountancy

answered on 09-Oct-20 10:29

Hi, Advanced ACCOUNTING - illustration 6 Page no.6.31 in study material, capital reserve amount Rs 10000, am not understanding how it comes. Please let me know

latest answer

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Rachith Bhat

Rachith Bhat

CA Inter

10K+

3

774

Strategic Management

Others

answered on 08-Oct-20 17:35

Thank you sir for teaching EIS and also you could teach as for SM..it will be easy for our revision...

latest answer

Ok sir..Thank you sir...

Subha N

Subha N

CA Inter

4K+

2

694

AS -20 EPS

Accountancy

answered on 08-Oct-20 17:16

Sir how to calculate diluted EPS I am confused

latest answer

Tq sir

Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

6

706

Overheads

Costing

answered on 11-Oct-20 10:48

Why notional cost of building owned by the company is not taken as cost while distributing overheads to production and service department.

latest answer

Ok sir thank you

Sri Varshini

Sri Varshini

CA Inter

575

6

768

Paper 2

Exams

answered on 08-Oct-20 15:51

Can I write bcr first and then b law in the exam sheet?

latest answer

Yes.

AKSHITA SITA PRAVA

AKSHITA SITA PRAVA

CA Final

590

1

754