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Accountancy
answered on 10-Nov-20 16:18
Sir in point 5 the unsold stock of 30% is deducted from inventory why? In this question we are consignee then how we will add unsold stock on consignment to our inventory?
latest answer
It is done at cost.
Sri kanaga Varshini
CA Final
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mcq of the mock testpaper
Strategic Management
answered on 07-Nov-20 11:27
how is the answer be mission ? shouldn't it be vision ? since vision depicts what the entity wants to be in the future and missions describes the present capabilities , activities to achieve the goals and objective of the entity
latest answer
Sometimes there can be slight difference and the statement can look like a vision or a mission. In this case Provide is present and future.
Swathi Krishna
CA Final
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As 4
Accountancy
answered on 07-Nov-20 07:57
Sir, where is the balance of this video
latest answer
Ok sir, thank u
Sajan Gangadharan
CA Final
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Amendment in sec 44
Indirect Taxation
answered on 06-Nov-20 17:18
Sir ,if tax payers aggregate turnover is less than 2 crores in 2017-18 or 2018 -19 You said ,filing of annual return is optional . Is it optional in that respective years or in 2020-21
latest answer
OK thankyousir
S. sumukhi
CA Inter
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Joint Life Policy treated as asset.
Accountancy
answered on 06-Nov-20 17:11
Surrender value is the amount given by the insurance company to the firm in case he fails to pay the whole premium amount, right. Then why the policy doesn't come to an end. And why it Continues,if the firm can't pay until the death or retirement of a partner.
latest answer
Surrender value is the value that a policy holder would get in case the policy is surrendered. It represents current valuation of the policy. The policy continues.
ALDRIN G
CA Inter
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Doubt
Accountancy
answered on 07-Nov-20 12:33
Sir I have a small doubt in the screenshort the average profit is 26,600 but when I calculated I got value as 26,667. Which is exact value sir 26,600 or 26,667.
latest answer
Sir I used weighted average method sir so I got 26667 sorry Sir I was just confused I didn't studied this concept any where this is first time I have studied sir so I was confused sir
sai t
CA Foundation
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AS 24 & AS 4 related query
Accountancy
answered on 06-Nov-20 18:11
Sir, here in the book it says that if an initial disclosure event (as per AS 24) occurs between the balance sheet date and before approval of financial statements by the board of directors we need to disclose as per requirement of a AS 4 (see attached, please). But as per AS 4, their needs to exist a condition as on the balance sheet date to be called "adjusting event" and therefore make adjustments, right? Let me be more clear with this example If say, BoD of A Ltd announced and approved on 3rd May that they are going to discontinue a part of their business, and say FS is approved on 8th Aug and year end is 31st March (as usual). There was no condition existing as on 31st March indicating that the management would discontinue a part of its business operation.
latest answer
Thank you sir
Kumarjit Dey
CA Inter
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Place of supply
Indirect Taxation
answered on 07-Nov-20 12:57
In a case where goods are temporarily imported into India for repairs and are exported back after the repairs without being put to any other use in India.... What is the place of supply? Is such a service export of service? Is it liable to gst?
latest answer
Place of supply is determined as per section 13(2) of IGST ACT. As per section 13(2), POS would be location of recipient is itâ??s available in the ordinary course of business. But if the location of recipient is not available in the ordinary course of business then POS would be location of Supplier ð???
anil vagvala
CA Inter
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3
662
Doubt
Economics
answered on 06-Nov-20 13:05
Sir what is meant by last rupee spend on each commodity yields him equal marginal utility..( see below picture)
latest answer
It should be comprehended as even the last rupee spent by a person on a commodity will yield him the same marginal utility
Sri kanaga Varshini
CA Final
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Query on MLP (AS 19)
Accountancy
answered on 06-Nov-20 13:42
For the lease to be classified as finance lease one of the conditions requires that: at the Inception of the lease, the present value of the minimum lease payments must be substantially equal to the fair value of the leased Asset My question is that is this MLP from "the standpoint of the lessee" or "the standpoint of the lesser"?
latest answer
Understood. Thank you
Kumarjit Dey
CA Inter
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