Forums
Corona Update | ICAI Announcements
Others
answered on 21-Mar-20 10:53
This thread will carry all updates announced by ICAI for CA students in light of Corona Breakout
latest answer
#4 CA Final students can appear in May 2020 exams without completing MCS/Adv IT course. They need to complete MCS/ Adv IT before results for May 2020 exams are declared.
CA Suraj Lakhotia
Admin
4
745
Live class on youtube
Others
answered on 20-Mar-20 19:35
Sir... On March 22 the live on youtube ... for which subject ?? GST or capital gain... !!
latest answer
Gst faculty unwell. Hence his session is postponed to next week. This Sunday we will have capital gains for CA inter
Swetha Elza Bose
CMA Inter
★ 32K+
1
626
How the reconciliation is done in COST ACCOUNTING SYSTEM ?
Costing
answered on 11-May-20 16:24
How it's reconsiled in the sum can some one explain the problem ?
latest answer
The following procedure is recommended for preparing a reconciliation statement: (1) First of all find out the profits of difference between cost accounts and financial accounts (2) Take Profit of cost accounts as base (3) Add items overcharged of expenses in cost accounts (4) Add items of incomes under recorded in cost accounts (5) Deduct items of incomes over recorded in cost Accounts (6) Add amount of over valuation of stock in cost accounts (7) Deduct amount of under valuation of stock in cost accounts (8) Add amount of under valuation of closing stock in cost Accounts (9) Deduct amount of over valuation of closing stock in cost accounts (10) After adding or deducting all the items, the resulting profits will be the profit or loss as per financial books (11) If the starting point of profit in as per financial account, the above items will be reversed.
Sachin M
CA Inter
★ 280
2
1K+
Notes
Direct Taxation
answered on 21-Mar-20 00:45
Is that notes you provided in notes session is updated or not? Is that useful for may 2020
latest answer
Okay, Thank You Sir.
parameswari chinareddy
CA Inter
★ 340
2
683
Video regarding amendment for the AY 2020-21
Direct Taxation
answered on 20-Mar-20 21:41
Is there any video regarding amendment in Director Tax for the AY 2020-21
latest answer
They are included in respective modules. *marked modules. We will also be releasing separate video in first week of april.
dayanand d
CA Inter
★ 2K+
1
690
COST ACCOUNTING SYSTEM
Costing
answered on 11-May-20 10:34
In question it's given as administration overhead incurred ( production ) ....under which head if should be absorbed ( production OH , WIP or finished goods) ? Under which one
latest answer
(1) Administrative overheads may be treated as cost of manufacture. In that case administrative overheads are absorbed to Work-in-progress A/c instead of finished goods A/c. (2) Administrative overheads may be treated as cost of sales. In that case administrative overheads are transferred to Cost of sales A/c instead of finished goods A/c.
Sachin M
CA Inter
★ 280
3
787
Doubt ð???
Exams
answered on 21-Mar-20 12:06
I am going to writing IPCC group2(old) in may 2020. If I get an exemption in advance accounts then how to write remaining subjects ??
latest answer
Tq sir
Hemanth kumar
CA Inter
★ 0
2
791
Audit report
Auditing
answered on 07-May-20 16:08
KAM 701 vs 706 EOM & OM. Why both ? Both are similar anaa 'to highlight the matters which are imp to members' ?
latest answer
EOM doesnot include KAM. EOM includes those items included in FS but need additional explanation to draw user of FS attention. EOM items don't ever result in modified report
Ravi Chandu
CA Inter
★ 0
1
796
Video Class
Others
answered on 20-Mar-20 21:42
Are there classes enough for the preparation?? Specifically for advanced accounting!
latest answer
Yes! Do practice past exam papers, RTPs.
HARSHITA MALPANI
CA Inter
★ 10
1
689
General Meaning in law terms
Corporate & Other Laws
answered on 22-Mar-20 23:21
What does "Save as otherwise" mean?
latest answer
Thank u sir
Venkatesh Rathinam
CA Final
★ 15K+
2
708