Forums
Inventory
Accountancy
answered on 07-Mar-20 11:13
Sales tax is not allowed to cost of inventory and also packing and transporting charges should not be included in the cost of invt as they do not include in other cost
latest answer
When you purchase goods, sales tax paid (currently GST) will form part of cost of inventory if credit of tax is not allowed. Also the cost incurred in packaging and transportation (on purchased goods) to bring the inventory to your location would be a cost of inventory.
Dimple Keziya
CA Inter
★ 4K+
1
890
House property
Direct Taxation
answered on 07-Mar-20 11:14
What is the main purpose to give house construction details
latest answer
To compute pre construction interest if any.
dayanand d
CA Inter
★ 2K+
1
912
Should I purchase or wait.?
Information Systems
answered on 07-Mar-20 11:54
I want to purchase EIS lectures , but I am confused either to purchase or not , because of the ammendments , so now what shall I do...? Should I purchase the existing lectures or wait till they are updated
latest answer
Okay . Thank you
Rajath Tumma
CA Final
★ 2K+
4
811
Investment accounts
Accountancy
answered on 13-May-20 10:18
Sir, in below problem in question given that interest is received on 30th September. Then if we sold debentures in october how interest will come.
latest answer
Business purchase account is prepared to incorporate assets and liabilities and settle the purchase consideration. You will learn it in depth in Amalgamation of companies chapter.
Star Ca
CA Inter
★ 3K+
3
933
Time table
Exams
answered on 09-Mar-20 12:37
What are the best way to make time table for cma inter for working student?
latest answer
You know your circumstances and lifestyle better than anyone else. So, you are the best person to decide how to study and when to study. Just utilize your time efficiently keeping some buffer for any contingencies.
Aman Maithani
CMA Inter
★ 0
1
934
Investment accounts
Accountancy
answered on 07-Mar-20 17:01
Sir, when convertiable debentures are converted into equity shares, why we credit investment in equity sharesa/c . In invenstment in bonds ledger a/c
latest answer
No we don't credit , the journal entry is Investment in equity shares A/c debit To bond/debentures AC
Star Ca
CA Inter
★ 3K+
1
823
Doubt
Accountancy
answered on 07-Mar-20 12:10
What is 7 8 and 9 points and how can I solve that 3 points can any one explain so that it would be helpful Thanks in advance
latest answer
7) interest received includes 1000 rs which is actually cash received from debtors , so you need to credit debtors account and deduct 1000 from interest received . 8) you need to create a liability for interest outstanding i.e 100000 Ã? 12 % As well as create a asset as interest receivable in balance sheet . 9) you need to prepare a debtors account and create 5% provision. this provision amount will be debited in profit and loss account and in balance sheet you will deduct this provisions from gross debtors
sai t
CA Foundation
★ 2K+
1
874
Recognized Provident Fund
Direct Taxation
answered on 15-Mar-20 20:19
1. What do you mean by recognized by Income Tax act ? 2. Sir in this example , the recognized fund will be different from company to company. So how did it form part as continuous period ?
latest answer
Statutory is maintained by government, recognised pf is maintained by the employer
Raviteja Kusumanchi
Qualified CA
★ 42K+
7
2K+
Live
Accountancy
answered on 06-Mar-20 20:33
Live streaming for accounting standards .. what about starting time and ending time sir
latest answer
4 pm to 5 : 30 pm march 7
Shanmukha Chippada
CA Inter
★ 520
1
832
Live Streaming By CA Sathya Raghu on Accounting Standards.
Others
answered on 08-Mar-20 14:59
Hi. Just got to view a notification on my phone regarding a live streaming by CA Sathya Raghu on Accounting Standards but unfortunately I missed the date and time. Could anyone help me with it?
latest answer
Yes
Ajay Kumar Manghat
CA Inter
★ 770
8
877