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How to calculate the profit
Accountancy
answered on 15-Oct-24 10:13
Sir, can you explain how you got the 8000 in branch adjustment account. Is it 20% of 48000 ( closing balance in branch stock account). If so why do calculate 20% on the goods on transit.
latest answer
Because goods in transit also has profit element.
Dova Shaji
CA Final
★ 520
1
275
Leverages Introduction
Financial Management
answered on 15-Oct-24 07:20
The below image is about leverages chapter.How value is inversely related to expectation of investors ? Is capital structure theories concept linked to this. , like V =EBIT/k0.(or) any other view there? Can anyone please explain in detail? And also Usually it is said that when risk is high, returns are more, please explain whether investors expect risk to be high for a company or low for a company?
latest answer
Risk va return
kalyan yuva
CA Inter
★ 5K+
1
667
Manager bonus
Financial Reporting
answered on 15-Oct-24 10:21
Sir instead of taking bonus component of 10 and tax saving 2 separately, can we make take bonus payable to management as net of tax as 10(1-20%) which results in 8.?
latest answer
Yes
S Shriram
CA Final
★ 0
1
236
Land and building total in consolidated
Financial Reporting
answered on 15-Oct-24 10:24
Sir u are not entered correct amt in land and building 1341600 CRT amt is (468000+561600+312000) = 1341600 Now the balance sheet will tally
latest answer
Corrected towards end. Thanks.
Suman Hs
CA Final
★ 2K+
1
304
Minority Interest
AFM
answered on 15-Oct-24 07:20
Sir in the ICAI material, for EV computtation, Minority Interest is added, what minority interest means ?
latest answer
Yes
Hemachandra D
CA Final
★ 9K+
2
733
audit and auditors
Corporate & Other Laws
answered on 14-Oct-24 22:23
difference between removal of auditors and appointment of auditor other than the retiring auditor? is it that removal of auditor is done by the companies and appointing other than the retiring auditor is done with the request of its shareholders?
latest answer
thank you
Niveta Rajkumar
CA Inter
★ 6K+
2
716
Estimation of wc
Financial Management
answered on 14-Oct-24 20:50
Can we assume opstocknof rm and cl stock of rm is same while computing creditors in current liabilities
latest answer
No - Creditors are clearly given as 1 month OS No info on opening stock is available - you cannot assume that
Harish Kumar
CA Inter
★ 180
1
613
Estimation of wc
Financial Management
answered on 14-Oct-24 20:44
Why raw material closing stock value of 120000 is not considered while computing creditors in current liabilities
latest answer
There is no rule that all Closing should be unpaid The question clearly says, CL = 1 month of RM so computed as 9000 x 80 x 1/12
Harish Kumar
CA Inter
★ 180
1
614
RATIO ANALYSIS
Financial Management
answered on 15-Oct-24 08:56
WORKING NOTE No 5 - Computation of Proprietary funds in that, they have used debt-equity ratio where they show preference share capital separately but EQUITY = EQUITY SHARE CAPITAL + PREFERENCE SHARE CAPITAL + RESERVES AND SURPLUS
latest answer
Almost always
NANDHINI U S
CA Inter
★ 37K+
6
712
PAS
Corporate & Other Laws
answered on 20-Oct-24 21:31
For variation of terms of contracts in Special Resolution through postal ballot is required. Notice has to be published in 2 newspaper Then here the answer should be option (c) right?
latest answer
please attach image of question
Soon to be CA
CA Inter
★ 4K+
1
544