Forums
Illus 5 - Lesson; Overheads
Costing
answered on 13-Feb-25 16:50
in illus 5 ,they have asked to calculate machine hour rate for each product a,b,c. Why have we not added the direct material and wages for calculating the hourly rate?
latest answer
The Machine Hour Rate is used to absorb factory overheads based on the number of machine hours worked. Since direct material and direct wages are not part of overheads, it is not included.
Rania D'souza
CA Inter
★ 650
1
224
watching of classes
Direct Taxation
answered on 27-Jan-25 16:56
Sir, as i have learnt some topics like residential status, IfHP, inc from salaries for last J25 attempt do i need to watch the entire class for ay25-26 or watch classes which i havent studied?
latest answer
Most welcome.
Sandeep
CA Inter
★ 50
5
263
AS 26 INTANGIBLE ASSETS
Accountancy
answered on 24-Jan-25 12:03
Why goodwill is not covered under AS 26 , As it is also a intangible asset.
latest answer
Because it cannot be separated and sold. For AS 26, intangible asset must be separable.
Venkatesh Arva
CA Inter
★ 2K+
1
301
Effective date of registration
Indirect Taxation
answered on 24-Jan-25 11:45
If application for registration is submitted within 30 days, then effective date of registration will be the date when turnover exceeded the threshold limit and the company will have to raise tax invoice for the date since and trace its customers as well to receive the tax amount…so wouldn’t it be easier to apply for registration after 30 days so the company would have to start paying taxes only after they receive the registration certificate (effective date of registration). Then why would companies opt to take registration within the 30 days.
latest answer
They would be liable from the time they cross the threshold limit whether they apply within 30 days or after 30 days
Dova Shaji
CA Inter
★ 520
1
290
INDIRECT TAX AMMENDMENTS
Indirect Taxation
answered on 27-Jan-25 16:55
whether the indirect tax classes are updated with the latest amendments for May 2025.
latest answer
Yes you can.
Nisam M
CA Final
★ 1K+
3
256
exponential calculation - normal calculator
AFM
answered on 24-Jan-25 08:51
Just wanted to know how to calculate the exponential function in normal calculator if the value is not provided in the question
latest answer
Pls go through calculator tricks video in introduction chapt
Pradeep Malur
CA Final
★ 1K+
1
227
No of Days
AFM
answered on 24-Jan-25 07:21
Sir in the earlier problems No of days you considered is by excluding either opening day or closing day, say in class problem 19, we considered from sep 15th to dec 15th as 16 +31+30+14 = 91 days, we excluded the last trading of december, and in ICAI material illustration 11, they have considered 58 days (excluding one day), so in exam if need to be done on days basis, then how to consider for futures purpose ?
latest answer
I explained how it works logically in real world Follow ICAI method for exam
Hemachandra D
CA Final
★ 9K+
1
183
IRRM - hedging through cap
AFM
answered on 24-Jan-25 08:31
In ILL 13, loan period = 24 months (6 months LIBOR i.e. 4 periods). Reset reset is given for upcoming 3 periods. Option Premium = Rs. 1,50,000 PVAF of premium (3.5%, 4 period) calculated = 40,837. Why 4 periods is considered for discounting? Is it arrived assuming that the cap is purchased before the first period, and that the net effect of interest rate risk heading is specifically asked over the given three periods, excluding the first? Can we solve it making note that cap is bought on 1st period and duration of cap = 18 months (3 periods). PVAF of premium = 150000/PVAF(3.5%, 3 periods) = 53540
latest answer
Thankyou sir
Durai Murugan
CA Final
★ 470
2
201
Theoretical value of futures
AFM
answered on 24-Jan-25 07:19
sir when they ask theoretical value of futures, should we do conclude with 20,000 as answer or 20000*50 = 10 lakhs (considerinng the lot size as well)
latest answer
They are asking for single unit and not full lot
Hemachandra D
CA Final
★ 9K+
1
180
as 12
Accountancy
answered on 31-Jan-25 10:16
sir second question specifically stated that assuming that the company did not charge any depreciation for the year 2019-20. but solution was stating that considered refund of grant at beginning of June month and depreciation for two months already charged. Alternative answer considering otherwise also possible. why did the solution is assuming another when question clearly states sir i didnt considered 2 months depreciation as per the question so will my answer is correct
latest answer
the company has not charged. Now we need to charge
N.V Karthikeyan
CA Inter
★ 1K+
5
300