Nature nd scope

answered on 02-Oct-22 18:18

As compared to other economic system inequalities of income is relatively less in which type of economic system ??? 1.. Mixed 2.. Socialist 3.. Capitalist

latest answer

Socialist

Tanya Batra

★ 7K+

2

133

Partial integration rule : agriculture and non agriculture income

answered on 02-Sep-22 11:42

Non agriculture income 48 lakhs Agriculture income 3 lakhs Will surcharge rate be applicable on step 1 while calculating tax liability of its (48l+3l)

latest answer

Ok sir got it

Manav Dixit

CA Final

★ 2K+

4

221

Depreciation

answered on 02-Sep-22 15:44

In depreciation , Is it enough to study the SLM & WDV method ?

latest answer

Yeah u can . But i need to know abt other methods too

Shanmugam S

CMA Inter

★ 0

4

162

Working capital

answered on 03-Sep-22 17:10

Can anyone explain me retained earnings working notes or any simple way of it

latest answer

Pls check if this question is already covered by us in our notes - if yes you can see solution in videos as part of free courses

Manav Dixit

CA Final

★ 2K+

4

219

Payables management

answered on 07-Sep-22 11:29

What is relation between bank loan interest rate and creditors interest rate linked into, can explain how it should be compared.

latest answer

It is the comparison of the discount foregone vs interest on loan payable (if amount was taken on loan from bank if the payment had to be made 5 days in advance )

Saravanan Murugan

CA Final

★ 18K+

5

237

Journal Entry

answered on 02-Sep-22 15:49

Purchase of Car The journal entry should be Purchase a/c. Dr To Cash a/c Or Motor Car a/c Dr To Cash a/c

latest answer

See he can purchase the car on two reasons 1. He is into business of sale of cars 2. He uses such car for business purpose (ex:he travels by car to the client places) So if his business is sale of cars then it will be inventory for him so the entry will be as follows PURCHASES. A/C. Dr To Cash/Bank If he uses such car for business purpose then it becomes capital expenditure So entry will be as follows Car A/ C. Dr To cash/ bank

Prathmesh kharul

CA Foundation

★ 3K+

6

242

Inventory

answered on 02-Sep-22 21:09

oil used in machines is it inventory or not??

latest answer

Yes inventory

Prathmesh kharul

CA Foundation

★ 3K+

4

149

Inventory

answered on 01-Sep-22 22:25

For a car manufacturers WHEELS AND ENGINE is a RAW MATERIAL OR WORK IN PROGRESS???

latest answer

You can call it raw material.Work in progress is if a car is completed only half way,then it will be called as work in progress

Prathmesh kharul

CA Foundation

★ 3K+

6

158

Presentation of Auditing paper in the final examination

answered on 02-Sep-22 09:15

How to present Auditing true or false statements in auditing paper

latest answer

Step 1 : Given Statement is True / False Step 2 : Write the provision, based on which you consider the statement as True / False

Sindhuja VT

CA Inter

★ 3K+

8

249

Doubt

answered on 02-Sep-22 21:11

What is capital appreciation??

latest answer

Increase in the value of stocks, land such that such investor does not have involvement in such increase

Prathmesh kharul

CA Foundation

★ 3K+

6

138