Forums
NAV Computation
AFM
answered on 03-Mar-26 15:02
Sir, The undistributed realized earnings of 20% - won't it be added to market value to arrive at NAV, as it is a receivable? [Video Time Stamp: 10:01]
latest answer
It is part of cash
Swathi S
CA Final
★ 975
1
134
Rectification of errors
Accountancy
answered on 06-Mar-26 21:37
Hi sir , I have a question about a particular entry. Credit sales to A rs 500 omitted to be posted. Does this mean in the sales book we have recorded 500 and but Not to A . So we pass an entry A ac debit to suspense ac . Is my understanding correct sir
latest answer
Thank you sir
Aravind V
CA Foundation
★ 0
2
150
Dividend plan
AFM
answered on 03-Mar-26 09:20
Sir, Why the answer differs under these 2 methods. And which method should be followed in exams?
latest answer
Annualising return and irr will have diff returns obviously In exam if they don’t specifiy use non irr method IRR Should be used only when asked
Swathi S
CA Final
★ 975
1
193
Assumption: Dividend is not reinvested
AFM
answered on 03-Mar-26 09:32
Sir, Why are considering time value of money here? However under the reinvestment assumption we are not considering the time of value of money w.r.t opening investment. Then Why are we considering it in the "not reinvested" assumption alone? [Video Time Stamp: 04:49]
latest answer
Only in IRR computation when dividend in not reinvested u will have to consider TVM
Swathi S
CA Final
★ 975
1
218
Exchange Rate
AFM
answered on 03-Mar-26 09:29
Sir I have doubt regarding Exchange Rate Rand / INR. Given that India Inflation Rate is 10% and Africa Inflation Rate is 40% As per IRP, Exch Rate=Spot Rate X (1 + Domestic Interest Rate) / (1 + Foreign Interest Rate), So Spot X (1+10%) / (1+40%) right? In this problem we have calculated Spot x (1+40%) / (1+10%) Why?
latest answer
Thank you sir
G Chandrakanta
CA Final
★ 15K+
2
231
Entry load
AFM
answered on 02-Mar-26 20:35
Sir, In the previous illustrations, entry load is additionally added to the opening investment. But here it has been deducted, and only the net amount has been invested. Why 2 different approach sir? [Video Time Stamp: 05:07]
latest answer
It is not entry load but initial expenses of scheme It is subtracted here because mf needs to generate return on balance smt only
Swathi S
CA Final
★ 975
1
136
Professional Ethics
Auditing
answered on 17-Mar-26 10:17
Member deemed to be in practice- Can anyone explain this point marked in star
latest answer
A CA acting in specified roles is deemed to be in practice only when acting in professional capacity and not when engaged on a salary-cum-full-time employment basis. Simply, Profession/ personal- deemed practice Employer- employee relation- not deemed practice
sindhu p
CA Final
★ 0
2
137
Illustration 24
Financial Reporting
answered on 04-Mar-26 17:27
Sir, In Illustration 24, we know that company is going to get duty drawback before approval of FS. Why cant we recognise the contingent asset into asset on 31/3/2022 as we did on Illustration 23 ? [Video Time Stamp: 10:48]
latest answer
the approval by the Department created the right after the reporting date. The event was not existing on balance sheet date i.e. the claim was not virtually certain at the reporting date
Hariharan Ravichandran
CA Final
★ 2K+
1
167
Guaranteed Residual Value
Accountancy
answered on 02-Mar-26 17:18
Sir, You said that Any maintainance costs given by lessee to lessor at end of lease term also forms the part of GRV, Does it apply only if Lessee purchase the asset at End of Lease term?? [Video Time Stamp: 18:27]
latest answer
No. Even if not purchased or purchased by third party
Jagadeesh Jaidev
CA Inter
★ 645
1
152
Minimum lease payment
Accountancy
answered on 05-Mar-26 15:37
Sir, For Lessor, If any Residual Value Guaranteed by a third party, Won't that amount be manipulated by Lessor(Lessor may Inflate the RV)and be different from the actual ?? OR is MLP different for Lesse and Lessor,?? If so, Then which one should we consider?? Does it form the part of the Lease Agreement?? [Video Time Stamp: 18:26]
latest answer
The lease agreement contains the rental schedule, residual value clause, guarantee details, etc. From those terms, accountants derive MLP separately for lessor and lessee books. So MLP is a derived figure for accounting entries not a term written in the contract.
Jagadeesh Jaidev
CA Inter
★ 645
5
169