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Goodwill valuation

Accountancy

answered on 12-Dec-22 17:13

Why overvaluation of opening stock is added?? Shouldn't it be subtracted??

latest answer

Sir's method is easy for evaluation of good will

Jaswanth P

Jaswanth P

CA Inter

3K+

3

2K+

share capital

Accountancy

answered on 21-Jan-23 00:14

whether a Company can accept the whole or a part of the amount remaining unpaid on any shares even if no part of that amount has been called up.?

latest answer

Yes, it is called as "CALLS IN ADVANCE". But they won't get voting rights until that amount is called up .

Kamal Kumar

Kamal Kumar

CA Inter

7K+

9

359

Incomplete records

Accountancy

answered on 11-Dec-22 21:21

Purchases value has been derived after considering returns, then why we need to again deduct in trading a/c?

latest answer

Got it sir

Sugam SM

Sugam SM

CA Final

9K+

7

422

Ind As-20

Financial Reporting

answered on 13-Dec-22 22:07

1) Entry for government grant when amt will be received only in last year of satisfying conditions and it is certain that all the conditions will be satisfied 2) Government promised that it will purchase 70% of it's outcome if it is established in particular area-whether this assistance can be treated as government grant?

latest answer

If loan is given at discounted rate then yes.

Pavansai Lanka

Pavansai Lanka

CA Final

200

3

476

One day before exam

Accountancy

answered on 10-Dec-22 12:38

If any one has been taken notes related to account standard Ines

latest answer

If you want to revise , then use free AS materials and flash cards in free resources

Siva subramaniam M

Siva subramaniam M

CA Inter

105

2

387

Contingent contract

Corporate & Other Laws

answered on 10-Dec-22 13:28

Vinod promises to pay â?¹10000 if Yash marries zara ....is this contingent contract ?

latest answer

The following are the essentials of a contingent agreement according to Section 31 of the Indian Contract Act mentioned below: There should not be the mere will of the promisor in any event. The occurrence of an event may be within the control of one or both partakers or out of command of both. Contract to do or not to do any act that wholly depends upon a contingency. The event must be collateral.

Sonia T

Sonia T

CA Foundation

10

5

458

Syllabus coverage

Financial Reporting

answered on 10-Dec-22 07:38

My attempt is nov 23, can i purchase FR Course? Does it cover full icai syllabus?

latest answer

Yes.

nazriya nasar

nazriya nasar

CA Final

7K+

1

510

Security valuation - bonds

AFM

answered on 10-Dec-22 07:57

In these types of cost- benefit analysis questions why dont we consider the amortisation cost of old bond, which is now written off as cost?

latest answer

Sunk cost

nazriya nasar

nazriya nasar

CA Final

7K+

1

510

Security valuation -Q 34

AFM

answered on 10-Dec-22 15:41

Why don't we consider tax savings of floatation cost of new bonds? Ie tax benifit of rs 4.25 laks, which is 1.7lak

latest answer

It has been considered at 15 min 30 seconds to 16 minutes 10 seconds. Instead of computing entire tax gain we have computed loss in text benfit due to not writing off old amortization cost and subtracted it from tax write off of new flotation costs

nazriya nasar

nazriya nasar

CA Final

7K+

4

522

Inventory valuation by Standard cost method

Accountancy

answered on 10-Dec-22 14:36

Is Practical problems of Inventory valuation of Standard cost method not a part of CA foundation syllabus ?

latest answer

Inventory valuation problem's, main point is itself finding the cost per unit If question only gives cost per unit, then there is almost no point in testing us That's why problems are not there. However, it doesn't mean that they are not a part of the ca foundation exams

Ardhendu Sekhar Acharya

Ardhendu Sekhar Acharya

CMA Inter

250

1

403