Forums
Notification
Others
answered on 28-Jul-20 10:49
Not getting notifications of reply of forums
latest answer
Thanks for reporting the issue.
Rakesh Prabhu
CA Final
★ 2K+
9
677
Error in class
Direct Taxation
answered on 30-Jul-20 22:10
In video class of salaries , leave travel concession, in the chart if there is recognised system then it is first class or deluxe fare and if not, first class AC rail fare rite ? It is given opposite in the video Can u verify and tell
latest answer
Thax
Swathi Krishna
CA Final
★ 8K+
3
977
Pen
Exams
answered on 26-Jul-20 20:50
Can we use blue ball pen in exams
latest answer
Pls use black pen. The answer books are scanned and blue color may not be scanned properly.
Ankush R
CA Final
★ 33K+
1
709
Receivables
Financial Management
answered on 31-Jul-20 00:06
In illustration 18 , (mosaic ltd question) the total cost of the proposed policy is 75% of sales= 1293750.variable cost is 80% of 75% of sales = 1035000 & fixed cost = 225000 (since it did not change ) But total cost is variable + fixed cost rite But when we add variable + fixed , it is not equal to 1293750, then what the balance indicate ? Is there even a balance ? Can u please reply?
latest answer
At Rs.15,00,000 sales, Cost of sales is given to be 75%. Out of which 80% is towards variable costs and 20% is towards Fixed costs. So at 15,00,000 sale point, variable cost will be 9,00,000 (15,00,000 x 75% x 80%). And Fixed cost will be 2,25,000 (15,00,000 x 75% x 20%). When the sales will be increased by 15%, amount of sales = 17,25,000 (15,00,000 + 15%). At this point variable cost will be 10,35,000 (9,00,000 + 15%). But the fixed cost being fixed in nature do not change even when the sales increase by 15% and will remain at Rs.2,25,000.
Swathi Krishna
CA Final
★ 8K+
7
738
Section54
Corporate & Other Laws
answered on 27-Jul-20 09:13
Can private company issue sweat equity shares ?
latest answer
Thax
Swathi Krishna
CA Final
★ 8K+
2
708
Section 51
Corporate & Other Laws
answered on 28-Jul-20 14:14
In case suppose in balance sheet 1000 equity shares of rs 100 , paid up 80 Mr.A , a shareholder holding 100 shares, made advance payment of call money of rs 20 If a Mr.A made advance payment on call money as per Sec50 and the dividend @10 % is paid on the paid up value (AoA authorised in this case) Will Mr.A get 100 Ã?100 Ã?10% or 100Ã?80Ã?10%?
latest answer
K
Swathi Krishna
CA Final
★ 8K+
5
687
PGBP
Direct Taxation
answered on 28-Jul-20 12:40
Sir, In the section 43A of PGBP do we include the interest component also to varify the difference from the acquisition date.
latest answer
Section 43A clearly mentions about foriegn exchange difference only. Hence interest component shall not considered for the purpose of Section 43A. Capitalization of interest mentioned in ICDS-IX - Borrowing Costs, refer for more clarification.
aman kawad
CA Inter
★ 7K+
1
819
Inventory management
Financial Management
answered on 27-Jul-20 13:39
In illustration 13 why 30000 /2 ?
latest answer
Since 7,600 will be the fixed inventory level, you need to take the average of the order size. And so the average stock maintained should be 7,600 (fixed) + 30,000/2 (average order size) = 22,600 tonnes
Swathi Krishna
CA Final
★ 8K+
2
727
SA 706
Auditing
answered on 27-Jul-20 09:04
Point 1 b and point 2 1st paras are condradiction to each other , can I get explanation please
latest answer
1a & 1b are the reasons or purpose for including Emphasis of matter para in the auditor's report. 1a talks about items included & disclosed in financial staements but which need further explanation to understand the financial statements and that is given in para 2. 1b talks about those items (which are not part of financial staements ) which need further explanation by the auditor so that user understands the auditor's report or work better.
Rakesh Prabhu
CA Final
★ 2K+
1
889
Inventory management
Financial Management
answered on 27-Jul-20 19:52
In illustration 12 in icai textbook, can we do like 6300 / 10 * 360days to find annual consumption ?
latest answer
Thanks sir
Swathi Krishna
CA Final
★ 8K+
3
701