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Consolidated financial statements
Accountancy
answered on 13-Jul-21 06:02
In the working note of Analysis of Profit, do we have to make the time adjustment on both the post acquisition profit or loss and post acquisition reserves? In this problem - practical question no. 1 from icai study material, there are no post acquisition reserves, so time adjustment has been done only on post acquisition p and l..but if post acquisition reserves had been there, what should be done?
latest answer
Reserves are not a part of P&L A/c , so they are not part of ascertaing profit or loss for pre and post incorporation ,they directly appear in the balance sheet . So they are not considered in analysis of profit
Gnanakshi Dandapani
CA Final
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1
573
Exception
Exams
answered on 11-Jul-21 19:24
I got account exception in nov19 I got costing exception in nov20. Can I claim 2 exception in upcoming exam
latest answer
It wont be considered.
Shijo Kennedy
CMA Final
★ 4K+
6
564
Correlation
Maths & Stats
answered on 11-Jul-21 17:33
Pls explain the marked statement in the image.
latest answer
It's a generalisation of how many conditional distributions would be there from bivariate frequency distribution. Considering the same example as given, we shall have 5 + 5 = 10 conditional distribution of students such as : 1. Conditional Distribution of Marks in Statistics for Students having Mathematics Marks between 0 - 4 2. Conditional Distribution of Marks in Statistics for Students having Mathematics Marks between 4 - 8 ... .... 6. Conditional Distribution of Marks in Maths for Students having Statistics Marks between 0 - 4 7. Conditional Distribution of Marks in Maths for Students having Statistics Marks between 4 - 8 ... ...
Sibi Srinivasan
CA Final
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1
634
Cost sheet
Costing
answered on 11-Jul-21 07:59
Is Carriage on return is deducted from Direct Materials or added to direct materials
latest answer
Who is bearing the additional cost - if supplier, it is not included in the cost sheet of the manufacturer, if the receiver (manufacturer) then it would be added to Material in the cost sheet
Surya Prakash
CA Final
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3
611
Residential status for indian citizen/Indian origin having indian income >15lacs
Direct Taxation
answered on 10-Jul-21 20:26
Whether the basic condition is 120 days or 120 days + 365 days during 4 ppys
latest answer
120 + 365 in 4 years preceding py
Kedhar Nath
CA Final
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1
588
Probability
Maths & Stats
answered on 20-Aug-21 11:00
Sir how to do this sum? If P (A) = p and P (B) = q, then (a) P(A/B) â?¤ p/q (b) P(A/B)â?¤ p/q (c) P(A/B) < q/p (d) None of these
latest answer
Please refer attached for detailed solution. Also, please post new question as a new topic. Thanks, best wishes!
Priyanka K
CA Final
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7
628
Partnership
Accountancy
answered on 10-Jul-21 19:42
Loan from D will come in realization account sir?
latest answer
I understood now
Miradevi S
CA Final
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10
536
Interpretation of Statutes
Corporate & Other Laws
answered on 10-Jul-21 17:27
What is the meaning of Marginal Notes please give some examples (Lecture 11 process of interpretation)
latest answer
Thank you!
Priyanka Udeshi
CFA L1
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2
702
Composition levy
Indirect Taxation
answered on 10-Jul-21 17:02
Difference between inter state inward supply and inter state outward supply?
latest answer
Exactly
Gomathi K
CA Final
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4
756
NOTES
Direct Taxation
answered on 10-Jul-21 12:44
I want to take a Xerox of Direct and Indirect Taxation notes available in the notes section. Are the notes of Direct Taxation and Indirect Taxation updated for Nov 21 attempt or are there are some further additions to be made?. If there are some further additions to be made then please tell me the time by which the complete updated notes would be available.
latest answer
Sure sir. Thank you for the quick reply
G Mohammed Mushtaq
CA Final
★ 15K+
2
588