RTP Nov 2022

answered on 05-Nov-22 13:05

While calculating NNPmp, In this sum, How they arrived NNPfc (NI), Particularly NFIA Calculation. Is it correct? (1960 (-25-10) = 1915 cr)

latest answer

If RTP itself is not correct, what can we do sir, It's surely not acceptable for me. Thanks for your clarfication sir

Manoj Raj

CA Final

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22

327

ADD

answered on 31-Oct-22 21:19

Can anyone tell me whether ans is 9 of June or 8of June.....

latest answer

Yes

Balachandar S

CA Inter

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5

154

Inventory Valuation

answered on 31-Oct-22 21:21

Is the solution correct?

latest answer

Exactly... welcome!

Dharani Chakravarthi

CA Inter

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156

Insurance Claims

answered on 31-Oct-22 20:12

In this question what would we do for fire fighting expenses if it wasn't admitted by insurance company. Can we claim such expenses as loss for computing claims?

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Unless it is admitted by the company

Susmin M

CA Final

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6

150

Direct or indirect relationship

answered on 02-Nov-22 15:24

Is complementary goods are direct or indirect relationship. And supplementary goods are direct or indirect in nature

latest answer

Complementary products are closely related to the main product. They often can't be consumed alone. Therefore, the demand for the main product generates the demand for its complement. yet from price point of view it has an inverse relationship. supplementary goods are similar to complementary goods yet they are not as strongly related as complementary goods

Anitha V K

CA Inter

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147

Insurance claims for loss of stock

answered on 01-Nov-22 16:06

What is the meaning of the point (b) Opening stock on 1st April was â?¹2,20,000, including stocks of the value of â?¹20,000 being lower of cost and net value subsequently realised but the realisation value is not included in the sales given above

latest answer

It is kept separately to compute normal profits and stock.

Subramanyam N

CA Inter

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150

Deductions from gross total income

answered on 03-Nov-22 12:51

Sir Is there a different between actual capital sum assured and minimum capital sum assured?

latest answer

Explanation to Sec 80C(3A) states "actual capital sum assured" in relation to a life insurance policy shall mean the minimum amount assured under the policy on happening of the insured event at any time during the term of the policy, not taking into accountâ?? (i) the value of any premium agreed to be returned; or (ii) any benefit by way of bonus or otherwise over and above the sum actually assured, which is to be or may be received under the policy by any person. Which provision are you referring to

Rinuja TK

CA Inter

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3

174

BOE

answered on 31-Oct-22 17:22

In the attatched question...When X draws bill on Y ...on discounting X remits to Y in the ratio of( X:Y= 2:1) ...when Y draws bill on X and discounts it with bank he remits only 6740 shouldn't it be 16740 because when 40110 divided in 2:1 ratio X should get 26740 on deducting the earlier amount of 10000 ,Y should remit 16740 only then the discount would be 1260 as said...but in question it is given that only 6740 is remmited by Y to X but the discount is given for 16740 rs as 1260...why is that so?.... (Illustration 11)

latest answer

In question itself ,they gave that Y sends 6740. Then that 20000=30000(intial amount)-10000(money remitted by X to Y.

Yamuna S

CA Inter

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228

AS-2

answered on 02-Nov-22 09:11

Kindly... Explain what they mentioned in the notes...

latest answer

Pls follow guidance given in ICAI material and AS-2. Though the note given is logical, it is not the basis followed generally.

Manoj Kumar 007

CA Inter

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168

AS 11

answered on 31-Oct-22 16:47

Can anyone explain we why they divided the loan amount by 140?

latest answer

ok

theee k

CA Final

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3

170