Forums
DEPARTMENTAL ACCOUNTS
Accountancy
answered on 23-Feb-23 17:19
I could not understand markup and marked down concept in this. could any one clarify these terms and also accounting procedures?
latest answer
Markup is similar to what you have learnt in consignment as invoice price.
Kamal Kumar
CA Inter
★ 7K+
2
497
Forex
AFM
answered on 23-Feb-23 09:50
What is Exchange Margin, not the margin in Forex ??
latest answer
Yes, if you are selling foreign currency in the forex market, you may still be required to pay a margin to your broker. The margin requirement for short positions in the forex market is typically the same as for long positions, and it is calculated as a percentage of the notional value of the position.
Chandu vadla
CA Final
★ 11K+
5
687
feedback
Others
answered on 19-Jan-26 13:07
I believe that it would be more beneficial for me and other students if faculty members solve problems on the screen by hand, rather than using an Excel sheet. Seeing the problems solved by hand could potentially increase retention and understanding. While I recognize that Excel is a useful tool, I think that solving problems by hand is preferable for the benefit of the students. Would it be possible to gather feedback from the entire Group through a survey or feedback form to see if others agree with this point? This feedback could then be used to improve teaching methods and provide the best possible learning experience for all students.
latest answer
Pls download on a desktop browser https://1fin.link/resource/fedfd7d5443145da9a35b5154f147994
shivaji hari
CA Inter
★ 3K+
18
621
Cash management
Financial Management
answered on 23-Feb-23 17:22
Can anyone please help me with this question i don't know its solution
latest answer
You need to compare the cost of extra day of banking and the interest that you would earn by depositing earlier.
Abhishek Bansal 2002 AK
CA Final
★ 2K+
2
497
44AD for firm
Direct Taxation
answered on 23-Feb-23 17:02
Is interest on capital and Remuneration to partners deductible from presumptive income calculated u/s 44AD
latest answer
In case of an assessee, being a partnership firm, from the net income computed as per the provisions of section 44AD, further deduction on account of remuneration and interest paid to its partners within the limit specified under section 40(b) is allowed. Thus, in this case the firm can claim further deduction on account of remuneration paid to its partners within the limit specified under section 40(b).
Rathi Vigneshwari
CA Final
★ 14K+
3
850
Bonus or right issue
Accountancy
answered on 23-Feb-23 17:30
If in the qn has given eg:bonus shares was allotted in the ratio 1:1..my doubt was the 1st one is held or issue??
latest answer
1:1 - 1 for 1 held (existing) 1:2 - 1 for 2 held (existing)
Prasanna Ram
CA Inter
★ 0
3
478
Material cost
Costing
answered on 22-Feb-23 18:13
EoQ =2Ao/c kaise calculate kare calculate r per kaise calculate kare friend help me
latest answer
Thank I got answer
Ro G
CFA L2
★ 265
6
611
Consolidation Illustration 7
Accountancy
answered on 27-Feb-23 17:53
Is there any correction regarding no. of shares or fave value of share in this?
latest answer
Yes you are right. Take it as 100
Vasu Naidu
CA Inter
★ 0
5
401
80DD
Direct Taxation
answered on 22-Feb-23 19:40
So even after death of disabled still the individual receives annuity right? And only such amt is taxed as per amendment in FA 2022. What if lump-sum was received instead of annuity. So the entire amt is received and still gets untaxed right?
latest answer
If an individual receives an annuity after the death of their disabled dependent, the amount received will be taxable in the year it is received. If the individual received a lump sum amount instead of an annuity, the entire amount received will be taxable in the year it is received. However, if the individual had claimed a deduction under Section 80DD for the disabled dependent, the amount of deduction claimed in earlier years will be treated as income in the year in which the lump sum amount is received. This tax treatment has not been changed by the Finance Act 2022.
Sugam SM
CA Final
★ 9K+
1
463
Bonus issue rights issue doubt practical case study
Accountancy
answered on 22-Feb-23 19:02
In this practical problem rupees 15000 how it will come??? General reserve value..... Please explain
latest answer
Total Share Capital = 400,000 Bonus Issue = 400,000*1/4 = 100,000 Bonus issue to be made in Following order :- i.) CRR - Rs 55000 ii.) Securities Premium - 30,000 iii.) General Reserves. - RS 15,000 ( balancing Figure )
MPR Sanjay Kumar
CA Inter
★ 530
4
528