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Plse tell IAM I correct or not
Accountancy
answered on 12-Aug-22 20:38
As per as2 valuation of inventories the measurement of cost for raw material is at cost or replacement cost which ever is lower I am a correct or not? For working progress and finished goods need a realisable value or lower of cost whichever is lower..
latest answer
If you are valuing Finished Goods at "cost" , then RM which is in the finished goods should be valued at "cost" and WIP also same should be valued at "cost" If you are valuing Finished Goods at "NRV", then RM which is in the finished goods should be valued at "Replacement cost" and WIP should be valued at NRV.
MPR Sanjay Kumar
CA Inter
★ 530
11
500
Doubt
Accountancy
answered on 16-Aug-22 10:24
Good of the sp rs 4000 are lost by fire and insurance co. Admitted 60% of claim. It is our practice to charge 20% on selling price.....entry for this??
latest answer
Thank u sir!!
Shruti ghosalkar
CA Foundation
★ 0
8
443
OPC
Corporate & Other Laws
answered on 12-Aug-22 14:39
Pls explain the concept that is highlighted in the image below.
latest answer
Thank you!
Sibi Srinivasan
CA Final
★ 22K+
2
491
Accounting standard framework
Accountancy
answered on 16-Aug-22 10:14
How to determine historical cost of liability
latest answer
Historical cost - value at which liability is incurred. Say you purchase on credit goods worth 10,000 Historical cost of liability is 10,000
Deepak Deepak
CA Inter
★ 700
1
387
#11: Question for the day (Inter)
Economics
answered on 12-Aug-22 21:38
Write the answer in a sheet as you would write in exam and send photo by 8pm. #LetsPractice How does fluctuations in exchange rate impact the domestic economy? (3 marks)
latest answer
Ok sir ,tq
Sahibdeep Singh
CA Inter
★ 14K+
4
462
No
Accountancy
answered on 12-Aug-22 11:36
What will be the entry for.....purchase goods from mr.x of rs 1000 and he paid carriage rs 100 on our behalf .
latest answer
Yes thnx
Shruti ghosalkar
CA Foundation
★ 0
8
437
What are the application of business economics
Economics
answered on 12-Aug-22 11:20
1-What are the application of business economics 2- is there any application of it in inter or final level and also in real/practical life ??
latest answer
paper 4 of foundation - In new syllabus it will be a full subject in ca foundation
Atharv Sankliya
CA Final
★ 3K+
4
611
SSP
Others
answered on 12-Aug-22 19:25
SSP portal when submit my detail.they said invalid. Invalid I'd and date of birth like that appearing What to do ??
latest answer
Thank u sir
Aswini Gorige
CA Inter
★ 7K+
18
675
Pension
Direct Taxation
answered on 19-Aug-22 09:45
Employer's contribution to the pension fund is deemed to be received, hence it is included into the total income of the employee/assessee and as a result it will be taxed. Doubt:- After retirement, when the assessee receives the uncommuted pension, why is it taxed again? Isn't it a double taxation?
latest answer
There are two aspects Employee's contribution to PF/Pension fund - These are deemed to be income of employer. HOwever, on contribution deduction is allowed while computing PGBP. Employer's contribution to Pension fund - Included in salary and allowed as a deduction u/s 80CCD.
Girinath A
CA Inter
★ 765
4
504
What is IESs
Accountancy
answered on 12-Aug-22 05:25
What is this ??
latest answer
For us it is not there bro
Atharv Sankliya
CA Final
★ 3K+
4
534