Receivables

answered on 31-Jul-20 00:06

In illustration 18 , (mosaic ltd question) the total cost of the proposed policy is 75% of sales= 1293750.variable cost is 80% of 75% of sales = 1035000 & fixed cost = 225000 (since it did not change ) But total cost is variable + fixed cost rite But when we add variable + fixed , it is not equal to 1293750, then what the balance indicate ? Is there even a balance ? Can u please reply?

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At Rs.15,00,000 sales, Cost of sales is given to be 75%. Out of which 80% is towards variable costs and 20% is towards Fixed costs. So at 15,00,000 sale point, variable cost will be 9,00,000 (15,00,000 x 75% x 80%). And Fixed cost will be 2,25,000 (15,00,000 x 75% x 20%). When the sales will be increased by 15%, amount of sales = 17,25,000 (15,00,000 + 15%). At this point variable cost will be 10,35,000 (9,00,000 + 15%). But the fixed cost being fixed in nature do not change even when the sales increase by 15% and will remain at Rs.2,25,000.

Swathi Krishna

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440

Section54

answered on 27-Jul-20 09:13

Can private company issue sweat equity shares ?

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Thax

Swathi Krishna

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416

Section 51

answered on 28-Jul-20 14:14

In case suppose in balance sheet 1000 equity shares of rs 100 , paid up 80 Mr.A , a shareholder holding 100 shares, made advance payment of call money of rs 20 If a Mr.A made advance payment on call money as per Sec50 and the dividend @10 % is paid on the paid up value (AoA authorised in this case) Will Mr.A get 100 Ã?100 Ã?10% or 100Ã?80Ã?10%?

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K

Swathi Krishna

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411

PGBP

answered on 28-Jul-20 12:40

Sir, In the section 43A of PGBP do we include the interest component also to varify the difference from the acquisition date.

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Section 43A clearly mentions about foriegn exchange difference only. Hence interest component shall not considered for the purpose of Section 43A. Capitalization of interest mentioned in ICDS-IX - Borrowing Costs, refer for more clarification.

aman kawad

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Inventory management

answered on 27-Jul-20 13:39

In illustration 13 why 30000 /2 ?

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Since 7,600 will be the fixed inventory level, you need to take the average of the order size. And so the average stock maintained should be 7,600 (fixed) + 30,000/2 (average order size) = 22,600 tonnes

Swathi Krishna

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422

SA 706

answered on 27-Jul-20 09:04

Point 1 b and point 2 1st paras are condradiction to each other , can I get explanation please

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1a & 1b are the reasons or purpose for including Emphasis of matter para in the auditor's report. 1a talks about items included & disclosed in financial staements but which need further explanation to understand the financial statements and that is given in para 2. 1b talks about those items (which are not part of financial staements ) which need further explanation by the auditor so that user understands the auditor's report or work better.

Rakesh Prabhu

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Inventory management

answered on 27-Jul-20 19:52

In illustration 12 in icai textbook, can we do like 6300 / 10 * 360days to find annual consumption ?

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Thanks sir

Swathi Krishna

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358

Share capital and debentures

answered on 28-Jul-20 19:50

In this chapter there is no class for section 43 Why?

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K

Swathi Krishna

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374

Notifications

answered on 28-Jul-20 13:16

I am not getting notification of when my questions(in the forum) is answered . Before I used to get it. What happened ? Can u please fix it

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Yea I have received this. Thank you

Swathi Krishna

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358

About failure of 10 companies in India

answered on 26-Jul-20 07:12

Sir/mam can u tell me about the 10 companies which have failed due to lack of technology

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We do not have such list and your question is also too broad. Suggest you search on YouTube for answers for such generic questions.

Arramalla Sanjay kumar

CA Foundation

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