Cap or rev.... Exp

answered 1 day ago

Insurance claim received on the account of inventory damaged by fire... Whether is this rev or cap exp. Anyone exaplintion with proper understanding......

latest answer

Insurance receipt is like revenue receipt on account of damaged goods

Balachandar S

CA Foundation

★ 17K+

3

36

Rule 34(7): Value of Token, Voucher, Coupon

answered 1 day ago

In case the voucher(80% discount for Levis Shirts) was sold at Rs.2000. Now what is the value of the Supply? Is the selling price considered the value of supply?

latest answer

Rs.2000 will be the value of supply since the discount was known at the time of sale and it is noted down in invoice also

Udaya Kumar

CMA Inter

★ 60

2

20

Cs executive

answered 1 day ago

Any one pls tell which is last date for applying cs executive June 2023

latest answer

For single module

Vinay g

CS Executive

★ 25

2

25

Rule-32(5) Valuation in case of Second Hand Goods

answered 1 day ago

Can a Reseller claim ITC? When he spends money on minor furnishing.

latest answer

Yes he can claim as has done some value addition to the product

Udaya Kumar

CMA Inter

★ 60

2

21

Revaluation reserve RR /capital reserve CR

answered 1 day ago

Revaluation of any fixed asset credited to RR or CR

latest answer

Refer to treatment of capital reserve.

M Kamal

CA Inter

★ 0

3

31

Maths

answered 17 hrs ago

Find issue price of 11% bond of Rs.1200/- redeemable after 7 years at 10% premium if opportunity cost is 13% p.a. (a) 1145 (b)1195 (c)1205 (d)None of these

latest answer

Hmm, okay bro.

SHALOM T SHAJI

CA Foundation

★ 770

21

75

Money measurement

answered 1 day ago

Explain this sum, I can't solve this using this formula-P=An/(1+i) ^n

latest answer

Because sis, you are using the wrong formula. This formula is for normal value. But the question says about the annuity regular payment of 5000 each. So the correct is attached here. If you use this you will get the correct answer.

Lathika

CA Foundation

★ 3K+

1

32

Financial statement of company

answered 1 day ago

Please solve this sum or atleast say the final answer (maximum amt of dividend that can be issued)

latest answer

Only In case of inadequacy or absence of profits in any financial year, we have see the above conditions if there is adequate profits all this conditions not applicable

Dhakshana Dhakshana

CA Inter

★ 16K+

5

27

Stati - Chapter 2

answered 1 day ago

The mean and SD of a series is a + b, if we add 2 to each observations of the series then the sum of the mean and SD is

latest answer

I hope that what you have said is. 1)Mean+SD = a+b 2) And not that mean = a and SD = b. Because I am little confused whether you are asking about 1 or 2

SHALOM T SHAJI

CA Foundation

★ 770

2

34

OIDAR

answered 1 day ago

Do upskilling or Mentoring comes under educational service? If not, under what category it is.

latest answer

GST Act didnt define â??Educationâ??. But courts have defined â??Educationâ?? as a process of training and developing knowledge, skill and character of students by normal schooling. Under GST, core education services provided by educational institutions are exempted and other services are sought to be taxed under GST Acts. Notification No. 12/2017-CT(Rate), dated. 28th June, 2017 gives details of educational institutions, vocational educational course

Udaya Kumar

CMA Inter

★ 60

1

24