Forums
Ratio analysis
Financial Management
answered on 02-Dec-24 12:49
Answer presentation For profitability ratio -in percentage What are the presentation for other ratio. Or we generally use decimal for all ratios.
latest answer
No such specifics - use the methodology that is asked in question Eg; If Question says Debt 70% then all answers 70% Q says D:E = 1:2 then related answers in ratio
Elavarasi B
CA Inter
★ 46K+
1
458
AS2
Accountancy
answered on 04-Dec-24 14:31
Please explain Q21 since I am unable to get the question
latest answer
The goods were supplied free of cost by the manufacturer. Therefore, the cost of the goods received free of cost would be nil for valuation purposes.
Sagar Kathuria
CA Final
★ 3K+
1
403
How does an entity receive its own equity shares?
Financial Reporting
answered on 02-Dec-24 08:57
When entity A provides services worth Rs 100,000 to another entity, how does it receive its own equity shares. Can you please explain situations where such situations would arise and why an entity would opt for such an arrangement.
latest answer
Say you have Indigolearn shares. And you took classes from us. In return, you gave Indigolearn Shares as consideration. Indigolearn received its own equity.
Manu Jacob
CA Final
★ 6K+
1
503
Doubt
Auditing
answered on 05-Dec-24 10:03
if the matters in section 143(1) is not adverse then no report is required Right? What is adverse meaning... Like doubtful or material and pervasive
latest answer
Adverse as in you get opposite answer to the inquiry that u do. Only if u get negative response , report . Otherwise need not be reported .
07- Issac Jolly-XII C
CA Inter
★ 16K+
4
452
Why GST Is not levied on alcohol for human consumption?
Indirect Taxation
answered on 09-Dec-24 11:40
Logic behind why government not introduce GST
latest answer
Since state Government makes huge revenue from alcohol.
MACHAVARAM KRISHNA VAMSI
CA Inter
★ 540
3
591
Rajesh surana case
Indirect Taxation
answered on 09-Dec-24 11:44
So will it this be charged under section 7(1)(b)
latest answer
Section 7(1)(b) will not apply since it is not import of service. Instead it is export of service.
Prachi Mane
CA Inter
★ 240
1
507
AS2
Accountancy
answered on 02-Dec-24 08:37
Can someone please explain the calculation of value of inventory?
latest answer
The closing inventory for the month is give as 1.30 lakh. We are using the fifo method so the remaining 1.30 lakh inventory is purchased lastly. So 0.30 is taken from june 1st purchases and remaining 1 lakh is from june 30th purchases
Sagar Kathuria
CA Final
★ 3K+
1
472
Depriciation
Financial Management
answered on 01-Dec-24 16:44
If depriciation value had been given then we will deduct it from both cop and from cost of sales if those were unadjusted.. Right? The reason we should deduct depriciation from cogs is because the sales value also contain depriciation right
latest answer
We deduct Dep from COP or COGS as Dep is a noncash expenditure - it is irrelevant to WC computation in any form Sales does not contain any depreciation - Sales price is just a price; Margin is computed as excess over costs
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
439
AS2 MCQ
Accountancy
answered on 02-Dec-24 17:53
In the answer key, why have they mentioned option (b) as the answer, since option (d) is incorrect MCQ4
latest answer
Incorrect MCQ
Sagar Kathuria
CA Final
★ 3K+
2
477
AS22
Accountancy
answered on 01-Dec-24 12:38
Here how current tax is 20000*40% ,where that 20,000 came from ? ( Illustration 3 ,pg no.7.62 )
latest answer
Ok sir
Devika M
CA Inter
★ 9K+
2
442