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Material cost

Costing

answered on 09-Aug-24 09:30

In the may 2019 RTP , given pdf , material cost question number 1 , in the solution while computation of reorder level , value of annual consumption of raw material is taken as 18200 kg i.e before subtracting opening stock . While ,in july 2021 RTP given pdf , material cost question number 1 , in the solution while computation of reorder level , value of annual consumption of raw material is taken as 70800 kg i.e. after subtracting opening stock. So , which is the correct method with reasons and what should be followed in exam ?

latest answer

If the question doesn't specify anything, use the total consumption before subtracting the opening stock, like in the May 2019 RTP.If the question specifies to exclude opening stock, then follow the July 2021 RTP method.Always follow the question's instructions, but if unclear, it's safer to use the total consumption before subtracting the opening stock.

Anirved Rahatgaonkar

Anirved Rahatgaonkar

CA Inter

0

1

400

Applicability for Nov 24 Final exam

Exams

answered on 08-Aug-24 18:15

Sir, I passed CA intermediate in May 2024. I also completed my articleship training for 3 years in Jan 2024. Till today I didn't register for the CA Final Course but I'm going to register for the CA Final Course within August 15th 2024. Am I eligible for Nov 2024 CA final exam?

latest answer

You need to be registered before filing form. Pls cross check with icai once

Pavi S

Pavi S

CA Final

280

1

394

Applicability for Nov 2024

Exams

answered on 09-Aug-24 09:38

Sir, I passed CA intermediate in May 2024.Till today I didn't register for the CA Final Course but I'm going to register for the CA Final Course within August 15th 2024. Am I eligible for Nov 2024 CA final exam?

latest answer

No, you have to undergo 2 years of articleship. After that you are eligible to write CA Final exams

Pavi S

Pavi S

CA Final

280

1

332

In my laptop this new features of tally not showing

Others

answered on 19-Aug-24 16:54

In my laptop this new features of tally not showing

latest answer

pls update to latest version.

R G

R G

CA Final

9K+

1

299

Equity

CFA

answered on 08-Aug-24 21:39

Buying both call and put reduces the risk right?pls explain why option A is the ans I couldn't understand

latest answer

Great Sir 😊

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

6

303

SPOM Applicability

Exams

answered on 09-Aug-24 09:39

Sir, I completed CA (inter) Group 1 in May 2018 (IPC) and Group 2 in November 2022 (unit 10). I completed my 2.5 years of articles in July 2022. I registered for CA final on 27th jan 2023 and applied for Nov 2023 attempt but not appeared for exams till now. I plan to appear only in November 2024. Sets A and B are required for me to complete in order to take the November 2024 exam.

latest answer

Yes

PAVI S

PAVI S

CA Final

5K+

1

451

AS22

Accountancy

answered on 11-Sep-24 20:34

How to solve this question Method ?

latest answer

Thanks a lot

Lucky Ten

Lucky Ten

CA Inter

0

5

470

SA 705

Auditing

answered on 08-Aug-24 19:55

SA 705: "Modifications to the Opinion in the Independent Auditor’s Report" allows auditors to express a disclaimer of opinion on specific components of the financial statements (such as results of operations and cash flows) while issuing an unmodified opinion on other components (such as the financial position/balance sheet) if the disclaimer does not affect the overall financial statement. It is permissible in India

latest answer

Nope. We give only one opinion on overall financial statements.

kathiresh V

kathiresh V

CA Final

15K+

1

458

AS 22

Accountancy

answered on 13-Aug-24 11:46

How to solve 7 th question. Method?

latest answer

https://youtu.be/WMJWDyKp3X0?si=6a4M0eQGxOsmMU_e

Lucky Ten

Lucky Ten

CA Inter

0

1

484

PGBP ILLUSTRATION # 09

Direct Taxation

answered on 14-Aug-24 18:09

Sir how can we consider capital expenditure incurred on building incurred prior to PY ON warehousing of edible oil rupees 500000 and warehousing of pulses rupees 200000

latest answer

Thank you Siddesh. Answer for your query is "expenditure incurred prior to commencement can be considered if it is capitalised on the dated of commencement"

siddesh N

siddesh N

CA Inter

4K+

3

262