Forums
Fm
Financial Management
answered on 09-Jan-23 06:58
Can anyone answer question (b)
latest answer
Thinks bogie to be one unit. Calculate amount that will be earned from each bogie. Then calculate number of bogies needed to cover the cost of engine. Number of bogies x 70 = Breakeven point.
Bhuvan Bhaskar
CMA Inter
★ 2K+
2
533
Prices of branded products depends upon
Economics
answered on 09-Jan-23 07:00
How does the prices of branded products like Maggie,dairy milk determine
latest answer
Also they look at how competitors price the product. You can visit a super market and compare products of same category.
Atharv Sankliya
CA Final
★ 3K+
3
458
ITC
Indirect Taxation
answered on 09-Jan-23 15:57
on 10th Oct MrA took registration 9th Oct MrA hv 10bottles in stock i.e before registration MrA will sell those bottles after 10th & can claim itc ITC to be availed within 1 year from the date of the issue of the tax invoice by the supplier as per 18(1) On 9th Oct MrA ws unregistered person, so naturally MrA donâ??t hv details of who ws supplier or how much tax MrA paid MrA roughly know the market price of bottle n sell it at that value So how is it possible to know the date of issue of tax invoice to avail itc within 1yr?
latest answer
If Mr. A would have purchased the bottles from registered person then only he can claim ITC. If he would have purchased from registered person then he will definitely have invoice.
Sushmita Chowdhury
CA Inter
★ 0
1
520
Exceptions in payment of invoice to b made within 180days = chapter ITC
Indirect Taxation
answered on 09-Jan-23 15:59
can someone explain the point c with example
latest answer
Done.
Sushmita Chowdhury
CA Inter
★ 2K+
2
513
restrictions utilisation of ITC Rule 86A
Indirect Taxation
answered on 09-Jan-23 16:00
i hv doubt on the last para restrictions can b imposed upto 1year, from the date of imposing such restrictions what's the meaning of this line cause restrictions will be imposed and credit won't b allowed but why 1year time is for
latest answer
Exactly.
Sushmita Chowdhury
CA Inter
★ 2K+
3
411
Npo
Accountancy
answered on 09-Jan-23 07:21
Q1)What is to be done with opening, closing stock and purchases. What is shown where? Q2) how is entrance donation capitalised 60,000 in b/s and 90,000 is taken in I & E ac? Q3)How did we get 4,41,000 as fixed assets in bs?
latest answer
Prepare a separate trading account with Purchases, Op Stock, Closing stock and receipts from the activities. Alternatively, you can calculate Cost of Goods sold as Op Stock + Pur - Closing stock and take it to debit of Income and expenditure.
Vedant Vijay
CA Foundation
★ 1K+
3
417
PREPARATION OF FS
Accountancy
answered on 09-Jan-23 10:37
RTP MAY 22 WHY WE DID NOT ADD INVENTORY TO ADJUSTED PURCHASES?
latest answer
Thank u
Kamal Kumar
CA Inter
★ 7K+
7
390
Auditors
Corporate & Other Laws
answered on 20-Jan-23 23:14
Does a chartered accountant need to hold certificate of practice for being appointed as an auditor of a company?
latest answer
Yes
Sarthak Aggarwal
CA Final
★ 9K+
2
374
ITC utilisation
Indirect Taxation
answered on 09-Jan-23 16:00
Let I be a wholesaler. I have purchased software from the service provider for accounting. And I have paid GST for that. Can I claim ITC for that? If Yes, can I utilise that ITC against the gst paid for the goods I supply?
latest answer
Yes you can.
Balaji K
CA Final
★ 7K+
2
473
Due date chapter
Accountancy
answered on 31-Jan-23 14:19
if the due date fails on a public holiday or Sunday due date would be 1 days such public holiday or Sunday in this case befor or after
latest answer
Public holiday - Preceding day Sudden holiday - Succeeding day
R K
ACCA Skill
★ 9K+
11
446