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Joint products

Costing

answered on 05-Apr-23 12:08

Sir, While apportioning joint costs, In the absence of specific info We did on different basis like physical quantity & value at split off.... In various sums. But how to know what to use..?

latest answer

The information would be available in the question. If NRV is available, do based on that.

Divya K

Divya K

CA Inter

885

1

459

Sale on approval or return basis

Accountancy

answered on 07-Apr-23 16:55

Can both formats be used to prepare sale or return day book. Are both same?

latest answer

In real life there is no standard format. Each entity will devise format which suits them.

SUBODH M JAIN

SUBODH M JAIN

CA Final

2K+

3

355

Investment decisions

Financial Management

answered on 05-Apr-23 14:01

In the question why should we need to consider working capital as terminal cash inflow

latest answer

When you start the project you need amount for working capital. Once the project ends the working capital is no longer needed and the funds will be released.

P.udaykumar Pasupulati

P.udaykumar Pasupulati

CA Final

2K+

3

491

Redemption of debentures

Accountancy

answered on 05-Apr-23 10:06

Why are we crediting underwriters account in both the journals?

latest answer

Thank you

Punitha Krishnaraj

Punitha Krishnaraj

CA Final

5K+

2

435

C4

Corporate & Other Laws

answered on 05-Apr-23 20:06

Mam here should we mention all the disqualifications or only relevant disqualifications?

latest answer

The first part of the question requires us to write all the provisions relating to appointment of debenture trustee. Therefore mention all disqualifications. If this was not asked, we would have only written relevant disqualifications.

Sugam SM

Sugam SM

CA Final

9K+

1

575

Hp

Direct Taxation

answered on 18-Apr-23 10:39

16th sum

latest answer

Please try solving and post your solution. Will give corrections if required

Bhuvan Bhaskar

Bhuvan Bhaskar

CMA Inter

2K+

1

577

Employee cost

Costing

answered on 05-Apr-23 08:36

It's the question given in icai SM , the answer for this is given as (a) in book back If overtime is done for urgent requirement ,it is given in material and also in a illustration that the overtime premium is to be charged to overhead costs

latest answer

Thank you both!!

Yamuna S

Yamuna S

CA Inter

15K+

4

544

Meaning.

Corporate & Other Laws

answered on 04-Apr-23 18:12

What do you mean by compoundable?

latest answer

Pay fine and settle

Madhu Reddy

Madhu Reddy

CA Inter

4K+

1

523

First June excluded?

Corporate & Other Laws

answered on 04-Apr-23 18:32

First June is excluded in below given question?

latest answer

While counting days either you exclude first day or last day. Say you deposit an amount for 1 day on 1st of June. It wil mature on 2nd June.

Madhu Reddy

Madhu Reddy

CA Inter

4K+

3

417

Approval of goods on sale or return basis

Accountancy

answered on 04-Apr-23 18:18

If the goods are rejected before year ending must we pass journal entry for inventory or only rejection entry

latest answer

Rejection entry

SUBODH M JAIN

SUBODH M JAIN

CA Final

2K+

2

494