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Consignment

Accountancy

answered on 04-Aug-21 07:10

Illustration - 1) Goods sent on consignment = 50,000 Packing charge (by consignor) = 1,000 Freight (by consignee) = 2,000 Rent (by consignee) = 500 Insurance (by consignee) = 300 Goods sold = 4/5th of 50,000 Sale amount = 55,000 The expense of rent and insurance of consignment is for full goods . But in the consignment to wye ledger account, the total expense for rent and insurance are deducted for the 4/5th sale of goods. Isn't it that we have to divide the expense of insurance and rent has to be divided equally with goods? Explain pls

latest answer

Fine

Vijay K

Vijay K

CA Inter

9K+

4

309

ITC

Indirect Taxation

answered on 22-Aug-21 20:32

Can milk related companies claim ITC ?

latest answer

Tq sir

Deepak P

Deepak P

CA Inter

580

8

344

Ratio

Financial Management

answered on 03-Aug-21 17:24

Debt=500000,how to find any other relevent thing to move forward in question

latest answer

Yes thank you I think current liabilities will not include in total debt

Manu Sharma

Manu Sharma

CMA Inter

370

2

316

Account Current

Accountancy

answered on 05-Aug-21 18:01

W.r.t. product of balances method, will the day on which the bank statement is prepared be included for interest computation for the latest transaction? In IL modules, sir said that the logic was last day minus date of latest transaction plus 1. But in icai study material, it is different. Pls refer the image

latest answer

Ok mam. Thank you

Sibi Srinivasan

Sibi Srinivasan

CA Inter

22K+

2

281

Gap difference

Exams

answered on 10-Nov-21 13:47

I didn't join ofce aftr articleship due wo exam does tht affect my future

latest answer

Make sure not to take up a job with high working hours as it will pose huge difficulty for clearing exams

Saloni

Saloni

CA Final

5

4

357

Income deemed to be received

Direct Taxation

answered on 03-Aug-21 13:32

They state Transferred balance in recognised provident fund is deemed to be received ,my doubt only the part of unrecognised provident fund is taxable or entire RPF amount is taxable

latest answer

Only the amount which is transferred from unrecognised PF to recognised PF

Santhosh Raj

Santhosh Raj

CA Inter

6K+

1

352

Attempt

Others

answered on 03-Aug-21 13:29

Does ca final attempt matters?

latest answer

yes

Saloni

Saloni

CA Final

5

1

281

Doubt

Indirect Taxation

answered on 03-Aug-21 19:38

Can you give some example for this intermediate production process as job work ....

latest answer

Thank u

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

2

354

Linear inequalities

Maths & Stats

answered on 03-Aug-21 19:01

Answer for this question sir

latest answer

Thank you!

Harshavardini K B

Harshavardini K B

CA Inter

6K+

2

342

Audit sampling

Auditing

answered on 03-Aug-21 14:48

Can anyone pls explain this para in simple terms

latest answer

Got it now! Thanks :)

Himanshu Somani

Himanshu Somani

CA Final

73K+

4

456

MCQs Now