Forums
Valuation of inventories
Costing
answered on 26-Jan-24 08:55
Product= Fuel. As per AS 9 valuation of material (is based of cost )in any methods we use be it FIFO and WAM . In case of fuel ⛽ the valuation is done based on recent prices so that denotes the product value is according to LIFO. How it will justify the AS 9. Can yu explain sir?
latest answer
Thank you sir.
Raja Lakshmi
CA Inter
★ 6K+
2
429
Painting cost
Financial Reporting
answered on 26-Jan-24 08:01
Sir, but there will be no future economic benefit flowing from painting the building then how is it logical to capitalise even if it is for more than one period
latest answer
Now that paint has a lesser useful life and when you redo the painting you again capitalise it because of two reasons- 1. The cost is not for 1 year but for many years. 2. There is no direct economic benefit but more of administrative benefit. Also a freshly painted building will sell for more (just to evaluate benefits)
Hrishikesh Pradhan
CA Final
★ 18K+
3
311
Videos not playing
Others
answered on 29-Jan-24 16:28
Sir it showing like this I shut down laptop then started video again video not playing sir
latest answer
If videos are not playing try the steps below 1. Close all the apps 2.Android: Settings -> Applications -> 1FIN-> Storage -> Click on 'Clear Storage' and 'Clear Cache' 3. Restart device 4. Open 1FIN app and play the video If this also does not work please try the below troubleshooting steps, it usually works. Also, note that the downloaded videos if any will get deleted in the process. 1. Uninstall the app 2. Restart phone (Important step, clears a lot of issues) 3. Install app Also, check if there are any OS updates available. If this does not work, then please do the following 3 steps and share screenshots and videos with us by a reply email to the ID - support@indigolearn.com 1. visit speedtest.in and take a screenshot of your internet speed and share it with us 2. visit whatsmyip.com and take a screenshot of your IP and send it to us 3. take another phone and make a video recording (<20 MB) of the error you are facing on your phone/laptop and share the video recording with us Once you share the above 3 we shall connect you with our Tech Team Thanks Team IL
Eswar Aakash
CMA Final
★ 57K+
5
451
doubt
Financial Management
answered on 30-Jan-24 17:03
sir creditors rawmaterial for double shift is 48600,hence total current liabilities 48600+8000+6000=62600 . my doubt is how did arive Rs 6000 as the above liabilities
latest answer
please watch to the earlier video
Mallanagowda S
CA Inter
★ 260
1
337
Material costing
Costing
answered on 01-Feb-24 14:07
Explain this question why they are not using the formula purchase Cost + ordering cost + carrying cost??
latest answer
Ok
Devisree
CMA Final
★ 0
6
447
Others
Indirect Taxation
answered on 28-Jan-24 17:54
Sir, I Purchased indigo learn course for IDT for nov-23 syllabus so I have book related to Nov-23can u provide book seperatly incremental topics for IDT for may 24 syllabus? Is it possible?
latest answer
Thanks sir
Surya Prakash
CA Final
★ 19K+
6
359
VAR
AFM
answered on 25-Jan-24 21:05
Sir how we got that 1.28 value ?
latest answer
I explained what is a normal distribution I told that when you group large amounts of continous data teh data will be in the form of a normal distribution a normal distribution has certain properties One of the properties of a normal distribution is that X% of data lies within a distance that is Y standard distribution away from the mean - this is a natural observed property of all large continuous distributions I showed this for BSE / NSE return data also - excel sheet is also provided in the course
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
1
346
Application of normal distribution
AFM
answered on 26-Jan-24 21:27
1SD=68.27 2SD=95.45 3SD=99.73 How we arrived at this values And 1SD means what I'm not getting
latest answer
No. When you look at large amounts of data, 68.27% of the data lies within 1 standard deviation away from the mean - it is a natural property of a normal distribution. Just like 3 newtons laws of physics, this a law of normal distribution
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
3
345
Illustration-22
AFM
answered on 25-Jan-24 22:53
Sir, In Illustration -22 for 5Th point Method-2 the answer given in compiler is Incomplete please take a note
latest answer
OK sir thanks for immediate response
Surya Prakash
CA Final
★ 19K+
3
228
Conversion into Pound
AFM
answered on 25-Jan-24 21:07
Dear sir, in the question it was mentioned that all the subsidiaries want their money after 91 days by this logic shouldn't we compare the returns independently in their local currency vs at spot local currencies converted into pounds and after 91 days investment + Interest shall be reconverted into local currency from the pound and comparing returns in respective local currencies ? is this approach incorrect?
latest answer
In the question it is mentioned that advantage swap of Euro and Swiss franc into GBP. That's why we are taking advantage of higher Interest. But sir since the subsidiaries necessarily wants the money back in 91 days as mentioned in question shouldn't we compare the returns in their domestic currencies.
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
2
382