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Marginal Costing
Costing
answered on 11-Oct-20 18:12
In illustration 1(institute's textbook) why do we adjust the under or over absorption after the cost of goods sold ? And Also why is the selling fixed cost taken at the actuals ? (Just got confused with logics) Can u please clear the doubts w.r.t to the above two items in the absorption costing methods
latest answer
1. That is as per absorption costing principles. 2. absorption is done only for production overheads.
Swathi Krishna
CA Final
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Charge of gst
Indirect Taxation
answered on 09-Oct-20 02:03
What does this sentence mean ?
latest answer
Thanks
Swathi Krishna
CA Final
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3
776
Sale or approval on return basis
Accountancy
answered on 06-Oct-20 17:13
In the 7 th video about 8 51 minutes there is a sum being entered in day book In the GOODS APPROVED COLUMN the first transaction should be dated as dec 25 and not dec 15
latest answer
Thank you
Prasanth Kumar
CA Inter
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Sequence and series
Maths & Stats
answered on 05-Oct-20 14:36
How to crack this ?????
latest answer
see this
Roshan Zameer
ACCA Professional
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Chargeability
Direct Taxation
answered on 10-Oct-20 13:33
Rent received by partner from partnership firm in which he is a partner chargeable under which head ?? Please answer this with sufficient explanation.
latest answer
Generally it is taxable under HP. But if there is an arrangement which brings it like a remuneration it could be charged under business. This depends on facts of case.
VIJAYA SARADHI MAGANTI
CA Inter
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5
705
Sale on approval or return basis
Accountancy
answered on 05-Oct-20 15:53
In the 5 th video of this chapter sir said a sum regarding RITU there is an entry in which sales account is debited but I think sale return account should be debited
latest answer
Yes. Since sale is not completed, we are debiting it to Sales. The goods are not returned after a sale being completed.
Prasanth Kumar
CA Inter
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6
685
DIVISIONAL STRUCTURE
Strategic Management
answered on 06-Oct-20 17:13
Difference between Divisional and Multi Divisional structure?
latest answer
Divisional itself indicates that it is a multi divisional structure. Both are decentralised. Study material is carrying both topics whereas both mean the same.
Shravan Kumar
CA Inter
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General act 3(2) act
Corporate & Other Laws
answered on 04-Oct-20 12:29
The laws says : used with refrence to an offence or a civil wrong shall includes a series of act done extend also to illeagl ommission What is the law trying to tell, can some one say in simple words
latest answer
Act means to do something in genral sense. Acts can mean one act or multiple acts. Also a series of illegal ommisions will be an act (though we are not doing anything)
NICHU k
CA Inter
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700
56(2)(x) Immovable Property Query
Direct Taxation
answered on 03-Oct-20 16:11
Please see attached fileâ?¦ Illustration 5, treatment in the hands of the buyer, Rajesh In Sec. 56(2)(x), in case of immovable property, if date of agreement is not equal to date of registration SDV on DoA to be taken if whole/part consideration is paid on/before DoA (non-cash mode) In the said question DoR is not mentioned specifically but they have considered Date of Sale as DoR If we consider Date of Sale as DoR and as there is difference between DoA and DoR, SDV on DoA will be considered which is 140 lakhs, but they have taken 150 lakhsâ?¦ Kindly clear this sir/madamâ?¦
latest answer
The consideration is received in crossed cheque and not account payee cheque. Hence first proviso will not apply. Provided further that the provisions of the first proviso shall apply only in a case where the amount of consideration referred to therein, or a part thereof, has been paid by way of an account payee cheque or an account payee bank draft or by use of electronic clearing system through a bank account 14[or through such other electronic mode as may be prescribed], on or before the date of agreement for transfer of such immovable property:
Deepak Gupta
CA Inter
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ICAI STUDY MATERIAL
Others
answered on 03-Oct-20 08:03
Do i get Icai study material delivered if I convert from IPCC to INTERMEDIATE
latest answer
Yes. You need to pay courier charges.
T.SWETHA kumari
CA Inter
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1
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