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Labour efficiency variance
Costing
answered on 19-Mar-22 12:31
Can anyone explain the difference between labour yield and labour mix variances with practical example.
latest answer
Thank u
Sajeetha R
CA Final
★ 46K+
3
554
Discontinuing Operations
Accountancy
answered on 19-Mar-22 10:25
Depth: Depth is the number of variations (size,colour)within a product line. Product line is a group of similar products having identical characterstics in terms of functionality and price range. Samsung has different Tablets series Tab A6,7,8 and also has Tab S6,7,8. As per As 24 discontinuing operations will Tab A and Tab S series be considered as separate product lines for Samsung.
latest answer
No
pradyumna hariramani
CA Inter
★ 290
2
672
Doubt
Accountancy
answered on 19-Mar-22 10:11
Why legislative changes having long retrospective application is ordinary activity.What does it mean exactly? What does retrospective mean ?'what will happen in case of revision of wages on protest of labor union? How can legislative change be an ordinary activity
latest answer
Retrospective effect means that taking effect of any change from from past date. Example a law related to labour (which is an ordinary activity ) is passed on 30th June 2022 but the notification says its applicable from 1st April 2022 (from past date) then it is "legislative changes having retrospective application"
pradyumna hariramani
CA Inter
★ 290
6
491
As16
Accountancy
answered on 19-Mar-22 09:52
As per as 10 asset is recognised in books when asset is ready for its intended use As16 captitalization requirements we can capitalize when 1.exp incurred for borrowing 2.activities relating to purchase is met 3.borrowing cost used for qualified asset Doubt: if asset not yet recognised in books how can we recognise interset exp in B/s with wht name can we recognise
latest answer
You will recognise it as a part of CWIP
Jaanu Jaanu
CA Final
★ 4K+
1
475
Failure
Exams
answered on 19-Mar-22 10:08
I fail in ca foundation dec2021 can i join coaching again my math or law are extremely weak and i forgotten things of account and eco little bit
latest answer
We are not sure where you joined earlier. Currently all classes are free till 21st March. Please watch them. Please reach out to our support team who will guide you
Paras Singla
CA Inter
★ 650
3
636
Regarding CA intermediate registration
Others
answered on 19-Mar-22 10:42
Shall I registered CA intermediate with the qualification of CMA intermediate group 1 ? , Or should I pass both CMA Intermediate groups?
latest answer
Yes you can
Jaya Suriya_82
CMA Inter
★ 0
2
728
Happy anniversary to IL
Others
answered on 21-Mar-22 10:11
Hearty congratulations and happy 5th anniversary to The Founders, teachers, tech team and every other person who works for IL . kudos to IL's good work .
latest answer
Thanks a lot!
nisam M
CA Final
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3
538
Charitable trust
Direct Taxation
answered on 18-Mar-22 23:05
For charitable trust there is a 15% standard deduction allowed, my doubt is whether the 15% deduction will be allowed in gross receipts or on the income after deducting the expenses incurred.
latest answer
Gross Receipts
Divya Dharshini R P
CA Final
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3
505
Reference books
Accountancy
answered on 19-Mar-22 11:04
Advanced accountancy should I buy any other teacher's reference books other than institute modules,rtp,suggested answers,mtp ?
latest answer
Ok
Venkatesh .
CA Inter
★ 4K+
4
539
Adjustment
Accountancy
answered on 18-Mar-22 19:15
Trial balance: Furniture ---Rs. 84600 Sale of furniture (1-10-16)--- Rs. 14600 Adjustment: Calculate 5% depreciation on furniture What's the amount of depreciation Note: furniture and sale of furniture is written in trial balance
latest answer
Whatever i said in case 1 is just correct follow that one only. Whenever rate of depreciation is given without word p.a. we just calculate depreciation on opening balance ignoring the time factor.
Rishi jain
CA Final
★ 1K+
7
533