Forums
Cross utilisation
Indirect Taxation
answered on 21-Mar-23 12:33
In below mentioned picture note 1 and 2 is correct?
latest answer
Yes. It is right but the balance in one head can be transferred to another head by filing Form GST PMT 09.
Madhu Reddy
CA Inter
★ 4K+
2
458
Cost sheet
Costing
answered on 21-Mar-23 10:33
How to know whether the given item is direct expenses or factory overhead ?i am keeping on getting confused under which head I should post it to.any tips for differentiating between those two
latest answer
That indirect expense is overhead for which we can use the formula given in SM
Gokul Nath
CA Inter
★ 605
7
692
Why dividend is recognized at gross amount
Direct Taxation
answered on 22-Mar-23 13:38
Why dividend is recognised at gross amount without deducting tds?please help
latest answer
Income will always be reported at Gross values.
Anirudh gupta
CA Inter
★ 27K+
7
545
AS 12
Accountancy
answered on 22-Mar-23 15:27
Explain point (i)
latest answer
Sometimes the government may compensate entities when price changes. For e.g crude oil related subsidy. Such are not covered. You are at revision stage and hence focus should not be into too much of details.
Sugam SM
CA Final
★ 9K+
1
387
Payback method, Profitability Index
Financial Management
answered on 22-Mar-23 00:32
Sir i wanted to know whether my answer is correct for the below question and whether the explanation provided by me is sufficient from exam point of view
latest answer
Sorry you wrongly calculated the Payback Period. Everything else is correct and the conclusion is also correct.
Venkateshwara Prabhu
CA Inter
★ 16K+
2
641
AS 11
Accountancy
answered on 20-Mar-23 22:01
Why this is disclosed separately? Closing stock and dep
latest answer
Yeah its an additional info
Sugam SM
CA Final
★ 9K+
2
403
Agricultural Income
Direct Taxation
answered on 20-Mar-23 17:51
I need help regarding taxability of Income from sale of Plants from Nurseries which were grown out from Trays [Seeds are sown on plastic trays] and use Green house to protect those and sell to the Customers. Taxable Or Not Under Income Tax ?
latest answer
Not taxable as included as agri income.
Shanmukh Vemuri
CMA Final
★ 5
1
408
contingent liability
Accountancy
answered on 20-Mar-23 19:40
what is remote possibility?
latest answer
there is only a very small chance that it will happen.
Kamal Kumar
CA Inter
★ 7K+
1
362
Marginal costing
Costing
answered on 20-Mar-23 22:40
Some costs are variable at batch level but fixed for unit level whereas others are variable at production line level but fixed for batches and units. Can anyone pls explain this statement
latest answer
Take raw material.cost per unit is the same across all levels but the consumption of raw material is different across every batch .think like this,u buy 5 chocolate for ur brother and 10 chocolate for ur sister.on macro level the total cost is different for ur siblings but the cost each chocolate is the same for all.
Neha Baliga
CA Inter
★ 16K+
1
549
Cash flow from operating activities
Accountancy
answered on 27-Mar-23 19:07
Sir is my solution on arriving at Cash flow from operating activities correct in the below question?
latest answer
Income tax refund is credited to P&L, this also needs to be adjusted to arrive at Profit Before Tax. YOu should show tax refund seaparately as an addition.
Venkateshwara Prabhu
CA Inter
★ 16K+
1
415