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scenario 1
Indirect Taxation
answered on 09-Oct-24 09:15
while first time registration if turnover exceed 1.5crores then also he can opt for composition scheme?
latest answer
If turnover below 1.5 cr can opt for composition scheme
Saniya Balekai
CA Inter
★ 285
1
188
AS 29
Accountancy
answered on 06-Oct-24 20:44
Audit & SM LTD Provides Sales Warranty For 3 years to its customer based on past experience the company has the following policies for making provision for Warranties on the invoice amount on The Remaining balance warranty period . Less than 1.5 years : 3.5 % Provision. More than 1.5 years : 4 % provision. The company has raised an invoice as Under Invoice Date Amount(₹) 26/7/2020 10,00,000 21/3/2020 4,50,000 14/8/2022 9,00,00 18/12/2022 6,50,000 You are required to calculate the provision made for warranty under AS 29 as At 31/3/22 and 31/3/23.
latest answer
As on 31/3/23 ₹10lac x 3.5% ₹900000 x 3.5% ₹650000 x 4%
Rana Darshan
CA Final
★ 810
3
782
inventory
Accountancy
answered on 07-Oct-24 11:22
sir/mam is this representation of answer will get full mark
latest answer
Yes
Rehanabin
CA Foundation
★ 100
3
212
Preparation of financial statements
Accountancy
answered on 08-Oct-24 18:12
why are they adding 160,000 instead of 180,000 in the purchases of finished goods?
latest answer
thank you sir !!!
Niveta Rajkumar
CA Inter
★ 6K+
5
1K+
Bank Audit- Erosion in Value of Security
Auditing
answered on 05-Oct-24 16:01
If the realisable value of security falls to less than 50% of the value last assessed by the bank or accepted by RBI, the advance shall be under the Doubtful category However, how do we further classify it as DA1, DA2, DA3 for provisioning? Do we look at how long it has been at less than 50%?
latest answer
👍
Vishnu Muraleedharan
CA Final
★ 32K+
3
841
Irr
Financial Management
answered on 04-Oct-24 13:09
Will effective rate of interest (which we discuss in time value of money) is equal to irr Here, we compute *r* only know i.e, interest factor
latest answer
IRR is computed based on time ensure NPV of inflows & outflows match - this rate is usually computed for annual periods - i.e compounding is annual Effective annual rate of interest is the rate per annum that is computed based on periodic compounding - here periods could be less than a year - equivalent annualized rate is found If IRR is also found out for annual periods, then EAR = IRR
anju B
CA Inter
★ 21K+
1
576
Material chapter
Costing
answered on 07-Oct-24 09:38
Illustration 16. On computing carrying cost how to find that purchase cost per unit ?
latest answer
Purchase cost per unit is given in the question as 50/-
Shivashankar Jawai
CA Inter
★ 2K+
1
629
Ill 26 vs 27
Financial Reporting
answered on 10-Oct-24 11:27
In both cases, interest of pref SH are protected to avoid them from being put at inferior position compared to eq shareholders? how is classification different
latest answer
Illustration 26 - stock bonus or split. - When there is abonus or split, there is no change in value of shares. Also if there is a bonus issue say - 1:1, the shares count double. In same was for preference conversion also share count would double. In the case o illustration 27 we are protecting preference share holders for price reduction. For something to be equity, they have to bear risk.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
264
Chp 4- Share Capital and Debentures
Corporate & Other Laws
answered on 04-Oct-24 16:30
How ans is option c instead of option a
latest answer
Question does not have enough details about the nature of shares held by shareholders mentioned. Answer may vary. You can avoid this ques
Lathika
CA Inter
★ 6K+
1
682
Share based payment with cash alternative
Financial Reporting
answered on 04-Oct-24 10:15
Can you please explain the logic behind accounting for differential amount as equity component in case of transaction with the employees.
latest answer
If the employee exercises the choice of SAR - minimum liability is 1000. The entity does not have a choice to avoid the payment hence a liability. The higher value of plan is 1100. 1The amount above the liability component is equity.
Nivethithaa S
CA Final
★ 2K+
1
259