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Illustration 11 icai module page 12.37

Costing

answered on 11-Mar-22 15:59

What is wrong in my commerce stream calculation....I have not solved by their method but the answer is matching for arts and science stream but where is my mistake for commerce stream salary calculation

latest answer

1. There are total 5 teachers in the commerce stream. So, take 35000 x 5. 2. Apart from 5 teachers, one teacher from arts stream and one teacher from science stream are teaching in commerce. So, add those two to above step.

Gauri Shete

Gauri Shete

CA Final

5K+

5

596

Financial Statement

Accountancy

answered on 14-Mar-22 16:55

In the question it is given that "Closing stock is mote than opening stock by 160000" Same amount is added ti the cost of purchases Please explain why And if suppose the question says that "Opening stock is more than closing stock by 20000" Should i need to add 20000 or deduct 20000 from purchase cost

latest answer

Thank you so much

Ashfaq Ahmed

Ashfaq Ahmed

CA Final

24K+

5

675

Income from salary

Direct Taxation

answered on 09-Mar-22 10:29

Conveyance allowance is taxable or not.?

latest answer

Thank you sir.

Hemanth kumar Kumar

Hemanth kumar Kumar

CA Final

750

4

471

Cost Accounting System - Question No.5

Costing

answered on 14-Mar-22 09:38

In this question how fixed expenses is varying with the level production (generally, the variable expense should vary with the level of production) Kindly Clarify

latest answer

Thankyou sir

Prethivi Rajan

Prethivi Rajan

CA Final

9K+

5

556

QUALIFICATION of AUDITOR

Auditing

answered on 09-Mar-22 10:12

Whether partner's employment as finance executive affects Auditors appointment in company?

latest answer

Since the som is an employee of a company as per sec 141 employee's partner shall be disqualified as an auditor of that company ie the Raman shall be disqualified

Sajeetha R

Sajeetha R

CA Final

46K+

4

632

Financial statement (Schedule III)

Accountancy

answered on 09-Mar-22 09:37

Why the value of hypothecation of plant and machinery was deducted from the value of loan taken ? Actually the plant&machinery will be transferred back at the time of repayment right Then why such amount is deducted

latest answer

Please post the question

Ashfaq Ahmed

Ashfaq Ahmed

CA Final

24K+

2

526

Ca inter

Economics

answered on 08-Mar-22 20:44

Why bond price increase if interest rate decreases

latest answer

Ok sir thank you sir

Pandusml V

Pandusml V

CA Final

4K+

6

601

Registration

Corporate & Other Laws

answered on 09-Mar-22 13:24

If there registration of firm has not done then also all the situations of dissolution without/with order of court will be applicable?

latest answer

then it will be done as per the section of Indian partnership act .

Ved Bishnoi

Ved Bishnoi

CA Foundation

150

3

526

AS 2

Accountancy

answered on 08-Mar-22 11:15

Pls find below the question in the image wherein it is given that NRV of W.I.P is assumed to be zero without processing it further. Then why are we comparing NRV and Cost of W.I.P. ? Pls clarify.

latest answer

Ok mam thank you

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

2

666

Dissolution

Corporate & Other Laws

answered on 08-Mar-22 14:53

In case of death/insolvency which would dissolve partnership or firm.

latest answer

The partnership continues in both the situations unless something other terms are agreed upon by the partners. We do not call it reconstitution in these cases, it is just continuance of partnership with remaining partners.

Ved Bishnoi

Ved Bishnoi

CA Foundation

150

5

526