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Ind AS 34
Financial Reporting
answered on 26-Feb-24 19:42
Hello Sir, I am not exactly able to understand the following explanation. Can you please explain the same?
latest answer
because at year end you will not defer.
Suresh Avinash
CA Final
★ 3K+
4
409
As 2
Financial Reporting
answered on 24-Feb-25 10:07
When we say this item is scrap sir . Is there any definition for scrap like inventory we have
latest answer
Generally we would estimate the cost of bottles. Else NRV can be considered as an approximation.
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
5
483
Time of supply
Indirect Taxation
answered on 23-Feb-24 16:20
In Q8 there is written that in solution that invoice is issued before removal of good but in question the customer collected the consignment from premises hence there is no removal of goods. We have to write answers like invoice is issued before delivery ! Is my answer right ?
latest answer
Even when customer collected from the premises of supplier it is regarded as removal of goods
Abhishek Sahu
CA Inter
★ 1K+
3
465
Joint and by product
Costing
answered on 23-Feb-24 12:34
In this practical question 4 why have they totally ignored the units sold even though in net realisable value we do units sold less further processing
latest answer
We have to allocate costs only for the production during the period. If produced was only 1000 then how can one sell 2000? Only possible explanation would be that balance 1000 units are out of the opening stock. We need to consider only current period production for appointment of joint cost.
sradha krishna sunil
CA Final
★ 5K+
4
492
Can we expect free days for afm too like fr
AFM
answered on 22-Feb-24 18:41
Can we expect free days for afm too like fr
latest answer
Already provided. Not in future
Ravi Teja
CA Final
★ 20
1
428
Can take ITC for Electric Scooty Purchase....?
Indirect Taxation
answered on 22-Feb-24 18:17
Its purchased in company name and used for fully business purpose
latest answer
Kindly refer section 17(5)
Ravikumar Pandi
CA Inter
★ 2K+
2
487
As-15
Accountancy
answered on 23-Feb-24 13:58
Disclosures given in 1fin material didn't cover all disclosure requirements explained in video lectures. Which one should I follow?
latest answer
OK sir
sitaram kollepara
CA Inter
★ 2K+
2
237
Internal control
Auditing
answered on 26-Feb-24 20:22
Ma'am, how do we answer questions like this ?
latest answer
Read question again
Swathi Krishna
CA Final
★ 8K+
6
406
Materiality , Risk Assessment and INTERNAL CONTROL
Auditing
answered on 22-Feb-24 20:34
Sir, how is this answer possible?
latest answer
controls are actually designed for prevention of frauds and error. However, if you read inherent limitation of internal controls, you will see Abuse of power as one of the limitation. If controls are operational, but top management is abusing its power, Controls cannot identify these matters.
Swathi Krishna
CA Final
★ 8K+
1
428
Job costsheet
Costing
answered on 22-Feb-24 17:52
Practical problem 2 , unable to understand how they computed direct material cost
latest answer
what are you unable to understand? What is the working as per you?
Avantika Rajput
CA Foundation
★ 0
1
390