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answered on 18-Aug-21 10:13

Goods(cost price rs.200;sales price rs.250) taken by proprietor for personal use Ans: drawings a/c dr. To purchases a/c My doubt is what amount is to be recorded here cost or sales price and why?

latest answer

Thank you ��

gopika sivaperumal

gopika sivaperumal

CA Inter

6K+

2

675

Interest

Costing

answered on 18-Aug-21 11:57

Interest shall be presented in the cost sheet as a separate item of cost of sales. Means ? Is it to be added to cost of sales?

latest answer

Separate item under cost of goods sold - to arrive cost of sales

Aman Mahajan

Aman Mahajan

CA Final

19K+

1

562

Direct vs indirect

Costing

answered on 18-Aug-21 12:00

Why are hire charges direct and lease rent overheads?

latest answer

If equipment is directly used for production and is attributable (specific equipment) then such charges for hiring that equipment are taken as direct expenses IF assets are taken on lease and they are not specifically attributable to single product or process then they are taken as overheads

Aman Mahajan

Aman Mahajan

CA Final

19K+

2

637

Difference between interest,late fee penalty

Direct Taxation

answered on 18-Aug-21 10:44

Difference between interest,late fee, penalty

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Thankss

vasabattula abhinav

vasabattula abhinav

CA Final

85

2

6K+

Additional illustrations

Direct Taxation

answered on 18-Aug-21 15:20

Sir I have may 21 material. But in many concepts there are Additional illustrations which is not in the material. Where can I get the additional illustrations pdf?

latest answer

thank u sir

Vijay Ramesh

Vijay Ramesh

CA Final

985

5

553

Issue of shares

Accountancy

answered on 18-Aug-21 06:02

Will it really work in real company like call up capital and called up arrears.... When companies issue ipo in stock market

latest answer

fine sir thank you

Aditya  A.D

Aditya A.D

CA Foundation

10K+

2

486

Time table for preparation ca inter group2

Others

answered on 19-Aug-21 11:31

Not opened ,anyone can send link for nov21

latest answer

We have launched a new study planner feature on our website. pls check it out https://www.indigolearn.com/study-planner/create

OMKAR REDDY

OMKAR REDDY

CA Inter

6K+

5

543

Income

Direct Taxation

answered on 18-Aug-21 11:05

When husband give 2 lakhs to wife that amount wife invested in her business Which provision apply clubbing provision or gift from relatives (exempt)

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Thanks

INDRAJITH S

INDRAJITH S

CA Inter

5K+

2

529

Profit and gain of business or profession

Direct Taxation

answered on 17-Aug-21 19:00

Under the depreciation topic If asset is purchased and Used( PY 2019 to 2020) for less than 180 days in the previous year depreciation is valid only for 50 % of this prescribed rate , remaining 50% depreciation amount is available in subsequent year What I doubt in this topic is (PY 2020 -2021) current year depreciation rate is allowed for full rate or half of the rate of depreciation

latest answer

OK thank you sir

venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

34K+

2

587

prep tips

Strategic Management

answered on 17-Aug-21 15:29

pls suggest me which subject should i start FIRST from eissm. ie eis or sm?????

latest answer

.

Lalit Sanpal

Lalit Sanpal

CA Final

6K+

2

626