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purchase cost
Costing
answered on 24-Jul-24 00:47
why is purchase cost constant in this example? why is it always 20,0000? doesn't it change based on order size?
latest answer
The question doesn't mention about any volume or turnover discount
maria chacko
CMA Inter
★ 0
1
258
Average inventory
Costing
answered on 24-Jul-24 00:46
hi. wanted to understand how the average inventory is calculated. Here is it divided by 2. Isn't it supposed to be the period during a year. For example, 10000/12 months. so the average inventory is 833 units per month?
latest answer
On the day we receive material - qty held will be order qty. Eventually the inventory will become 0. And we will place a new order. ( Basically at re order level) So avg =( qty received+ 0 )/2
maria chacko
CMA Inter
★ 0
1
268
SPOM Set-C & Set-D applicable?
Exams
answered on 22-Jul-24 13:13
I've passed CA Inter G-1 in Old syllabus (IPCC) but G-2 in New syllabus as UNIT-10 (only 3 papers, not 4). Could someone please clarify to me if I need to complete either of Set C & D also along with the mandatory Set A & B ( Bcoz I passed with only 7 but not 8 papers in Inter) ??
latest answer
Yeah. All eyes on ICAI 😂 Will update here for sure. Anyways thanks for the assistance sir 🙏
Venkat Sai
CA Final
★ 0
11
2K+
Narration
Accountancy
answered on 23-Jul-24 09:52
Is there is specific mark for writing narration. If the narration is short which cover complete transaction will they reduce mark for that.
latest answer
Narration writing will increase marks But no narration may decrease the same It totally depends on the invigilator how much marks he will deduct The answer is to write a short narration containing brief description of transaction
Lathika
CA Inter
★ 6K+
3
305
Capitalisation of Int in Loan?
Financial Reporting
answered on 21-Jul-24 17:37
Sir Can we capitalise interest on loans only if paid ? Mere accrual of interest we cannot capitalise isn't it???
latest answer
Pls check para 18 in Ind AS
Surya Prakash
CA Final
★ 19K+
4
270
HAPPY GURU PURNIMA TO ALL TEACHERS
Others
answered on 21-Jul-24 15:35
“Dear Teachers, On the occasion of Guru Purnima, I want to express my heartfelt gratitude for your guidance, support, and knowledge sharing. You’ve played a significant role in shaping my academic and personal journey. Thank you for being an inspiring mentor and teacher. Wishing you a happy Guru Purnima!”
latest answer
Welcome sir
Prathmesh Kharul
US CMA All
★ 6K+
2
372
Spom
Others
answered on 21-Jul-24 14:58
I passed ca ipcc group 1 in nov 2017 and qualified group 2 in unit 2d in May 2024 What are the sets I need to write in spom and what are the elective papers to be selected in set c and set d if I need to write those Tha ks in adavance
latest answer
You need to complete SPOM before exams. There is no clarity on C&D for Nov 24
Sai S
CA Final
★ 200
6
444
Cma foundation
Accountancy
answered on 23-Jul-24 09:14
What is the answer .
latest answer
Questions must be asked after solving You should share your solution too
Dharshini S
CA Foundation
★ 1K+
2
368
Basic Tax Rates
Direct Taxation
answered on 22-Jul-24 19:57
Hlo anyone can please provide me the sol ! Iss ques ko hmm vaise solve ni krskte kya ?? LTCG u/s 112. 20% Other Income. Slab Rate Iss ques m other income ni h but jo amount h 480000 uska 20% ku ni hga ? Hme aise ques kb solve krna chhye koi clarify skta h ?
latest answer
Since he is resident Individual and does not have any other income then he can utilise the unexhausted basic exemption limit towards the LTCG.
Tanya
CA Inter
★ 6K+
1
292
Exchange margin in Fate of contracts
AFM
answered on 21-Jul-24 14:25
When interbank rates is given in the question also, in few inter bank transactions exchange margin is calculated. Kindly help me out to understand when exactly exchange margin should be calculated in date of contracts problems.
latest answer
have a look at image below
vijay anvesh
CA Final
★ 85
1
294