Forums
Treatment of Empty bottles as Inventory
Accountancy
answered on 05-Feb-26 06:40
Sir, The Co.(Alpha Ltd.) Deals with sale of Flavoured milk, How can we consider Empty bottles in the inventory?? Of course we may have maintained separate account for them as its also An Asset, But How can it be treated as inventory??
latest answer
Those bottles are asset (given the significance in value) Since part of goods sold in ordinary course of business - treated asinventory. Think of it like Milk + Bottle as inventory. Milk sold separately and bottle sold separately
Jagadeesh Jaidev
CA Inter
★ 355
1
55
TAX EFFECT
Financial Management
answered on 31-Jan-26 21:13
If tax rate on capital gain is not given in question the there is no need to compute tax rate on STCG or assume for NPV calculation cash flow problems?
latest answer
Okay thank you
Devisree
CMA Final
★ 0
4
31
How to Prepare for Group 2 September 2026?
Exams
answered 17 hrs ago
Hi everyone. I gave my CA final group 1 attempt in January 2026. I am hopeful i can clear it. Due to articleship I couldn't give both groups. I completed lectures of group 2 well in July last year but i didn't revise it or start revising it. I'm in a 3 year articleship and my articleship ends in April this year. I have taken a decision to complete articleship first and give next attempt in September rather than May. How should i prepare for it keeping in mind IBS?
latest answer
Start with DT and IDT first. for IBS try to complete all case studies which will give you an idea of how questions are tested.
Dhruv Dewan
CA Final
★ 0
1
38
Subsidiary books
Accountancy
answered on 09-Feb-26 17:24
Does subsidiary books and subsidiary ledger mean the same [Video Time Stamp: 00:28]
latest answer
welcome
Aravind V
CA Foundation
★ 0
4
26
Disqualification of auditor
Auditing
answered on 02-Feb-26 20:32
Kindly confirm my understanding is correct, 1.A Chartered Accountant is disqualified if his partner is in the employment of the company in any capacityposition. However, in case of a relative, disqualification arises only when such relative is a director or key managerial personnel. 2. *If the auditor is an employee /director of the company and hold COP, he is disqualified in that company and holding/subsidiary/associate/fellow subsidiary. *If the RELATIVE is an employee (KMP)/director of the company, he is disqualified in that company but NOT in holding/subsidiary/ associate/fellow subsidiary. *If the PARTNER is an employee/director of the company, he is disqualified in that company but NOT in holding/subsidiary/associate/fellow subsidiary. 3.Auditor is disqualified to be employed when he himself or his partner or his relative holds substantial interest in the company as per clause 11 part 1 of schedule 1. what if the relative /parter be a director or employed in that company still the auditor is eligible to be appointed as an employee.
latest answer
1st- it’s correct. He being employed is self interest threat and his relative would amount to both self interest and familiarity threat. 2 nd - partly correct Auditor being employee or director disqualifies him ONLY in that company Automatic extension does NOT apply to group companies under this clause Extension applies only in specific clauses (e.g., indebtedness, guarantees), not universally. Relative’s disqualification is restricted to that company No statutory extension to holding/subsidiary/associate/fellow subsidiary Partner’s employment creates disqualification only for that company 3- the laws should he read in conjunction with each other. So he will he disqualified.
Shinisha Rose R
CA Final
★ 4K+
1
44
Impairment of goodwill
Financial Reporting
answered on 03-Feb-26 13:45
I can't understand the need for grossing up goodwill and sharing the impairment proportion between the parent and the subsidiary [Video Time Stamp: 25:06]
latest answer
You have not completed Ind AS 36. The concept is covered in detail in ind AS 36. Videos reference given below 35 Impact of GW impairment in case of Non controlling interest 36 Illustration 22 NCI Impairment 37 Illustration 23 NCI Impairment 38 Illustration 24 NCI Impairment
Saravanan Murugan
CA Final
★ 19K+
1
27
Career Path
Others
answered on 30-Jan-26 22:43
Hello Faculty Team, Hope you are doing well. It’s been a while since I last connected with you. I’m currently working with EY in the Statutory Audit domain. Over time, I’ve felt that the role is largely focused on compliance and documentation, and I want to explore roles that are more analytical and forward-looking. I’ve always had an interest in analysing stocks, so I’m considering a move into Equity Research. I wanted to understand how the career growth looks in this field and CAs are not considered for this role without prior experience, so what kind of upskilling would help (for example, CFA ? ). I’m also exploring FP&A as another option and would like your guidance on the skills or certifications required to move into that space. It would be really helpful if you could guide me on these options.
latest answer
Thanks alot sir
Enuguru Sai Nithin
CA Final
★ 78K+
2
44
Illustration 12
AFM
answered on 29-Jan-26 21:58
Sir, isn't it (libor+50bps) for total interest rate. How 3 crore arrived [Video Time Stamp: 16:29]
latest answer
Got it 👍 thanks sir
Santoshkumar Kalisetti
CA Final
★ 1K+
7
33
Audit and auditors
Corporate & Other Laws
answered on 28-Jan-26 20:49
What if son and spouse holds separately worth 1 lakh and 1 lakh respectively [Video Time Stamp: 12:10]
latest answer
The auditor will still be disqualified. As we see the aggregate holding of the relatives.
Varun Varun
CA Inter
★ 230
1
42
Practical flow of bond valuation
AFM
answered on 28-Jan-26 20:47
Sir, I have understood the concept of market price, market interest rate and yield to maturity, individually. But how it actually works in the practical world. Like, among the three - which determines which? I couldn't get chronological flow of work of the three concepts in real world.
latest answer
Market Interest rate for g secs is primary it drives Yields on bonds which drives prices
Swathi S
CA Final
★ 880
1
22