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Doubt - Ind as 102

Financial Reporting

answered on 12-Mar-23 16:17

Did not understand the repricing of options Module Q10 - TYK

latest answer

From 30-sep to 31st March - 6 months. So 0.5 years out of 1.5 years Next time please share the question as well.

Mansi Kamble

Mansi Kamble

CA Final

0

1

403

Answer this

Corporate & Other Laws

answered on 11-Mar-23 17:38

Ans for qus 1

latest answer

Kindly refer to the attached image.

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

1

473

Cost accounting systems

Costing

answered on 13-Mar-23 19:42

If certain output needs reworks due to inefficiency of the production process .so we pass entry like Rework charges ac dr To gla ac My question is why are we not posting reworks

latest answer

So you have accounting records and inventory records. These may be integrated or kept separately. IN todays ERP systems, most of these are integrated and interlinked. You will be able to understand more of these as you start working or in your articleship.

Gokul Nath

Gokul Nath

CA Inter

605

9

456

suggested ans

Direct Taxation

answered on 11-Mar-23 19:46

wen will we get suggested answers for nov 22 attempt

latest answer

Yes even I have been waiting for them

Reetikaa R

Reetikaa R

CA Final

7K+

1

467

OH ILLUSTRATION 9

Costing

answered on 12-Mar-23 16:26

Friends, why 70,000*12.5%=8750 was not shown instead of computing 70000/87.5%=10,000?

latest answer

Whatever is % given on assume it to be 100. Say profit is 10% of Cost. Then Cost = 100, Profit = 10, SP is 110 If its given on sales Then Sales = 100, Profit = 10 and Cost = 90

Kamal Kumar

Kamal Kumar

CA Inter

7K+

3

510

Income Under Head Salaries (Rent Free Accommodation provided by employer)

Direct Taxation

answered on 11-Mar-23 16:03

Whether Services of a Gardener Along with Rent-free Accommodation taxable?

latest answer

Treat them as separate items.apply servant provisions separately.so if employee is a specified then taxable if not then non taxable

Udaya Kumar

Udaya Kumar

CMA Inter

920

1

391

Ind as 40

Financial Reporting

answered on 12-Mar-23 16:26

Icai material backside question no:4 Don't we have to consider the depreciation here?

latest answer

No Depreciation on land

nazriya nasar

nazriya nasar

CA Final

7K+

2

488

Trademark

Others

answered on 12-Mar-23 18:07

If select device mark option upload a logo which includes the trade name , does it mean our trade name is also got registered?

latest answer

PLs consult an IP lawyer

Eswar K

Eswar K

CA Final

125

1

417

Integration of Minor Income Clubbing and Transferor Income Clubbing .

Direct Taxation

answered on 11-Mar-23 15:13

Where in a circumstances, an individual transfers any income to a minor, such income is taxable in hands of minor's parents or Transferor himself?? Eg :- Mr Rahul ( brother of Rohit ) transfers F.D to Chotu ( Rohit's Minor Son ) . Then , income through interest to be clubbed in Rahul's or Rohit's Hands ?? Plz explain neatly with conclusion.

latest answer

in this question , transfer of income without transfer of asset to be clubbed in the transferor hands

Varun Mulay

Varun Mulay

CA Final

38K+

2

454

pvt co

Corporate & Other Laws

answered on 20-Mar-23 14:12

MrA 1st became member of xyzpvtltd has 10shares Next year MrA became employee of xyzpvtltd Will MrA b counted in 200limit ?

latest answer

Employee & ex employees are never included for the purpose of counting of members

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

3

381