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How does step marking work for FR
Financial Reporting
answered on 20-May-22 06:08
I have solved the question in my exam relating to 103, thought the question was easy, I have wrongly take deferred tax asset as liability and hence the question went wrong from start, just because of this one error. Will I lose entire 15 marks allotted to the question or will I get some marks for values in the balance sheet that are correct?
latest answer
For the parts /items which are correct, you will get marks.
THE GAMESMASHER 8242
CA Final
★ 340
2
636
Clubbing of income
Direct Taxation
answered on 20-May-22 17:44
1)If father transfered asset to son who is age of 18or above 18 and son earning income on that asset Is clubbing provision applicable? And whose hands is it taxable? 2) if father transfered asset to married daughter and daughter earning Income on that asset Is clubbing provision applicable on father? And whose hands is it taxable
latest answer
Ok Sir Thank you
Pantham Nagesh
CA Inter
★ 4K+
5
417
Ind as 36 impairment
Financial Reporting
answered on 20-May-22 10:29
For the purpose of Value in use, Cash flows that are expected to arise from a future restructuring to which an entity is COMMITTED. Is this cash flow to be included for Cash flow projections or not?
latest answer
Include cashflows from restructuring.
Chandu vadla
CA Final
★ 11K+
1
441
Ind as 36
Financial Reporting
answered on 20-May-22 10:31
What are corporate assets ?
latest answer
Assets which are not specifically allocated to a CGU and are used by multiple CGUs. For e.g. Corporate Head Office.
Chandu vadla
CA Final
★ 11K+
1
495
Safety stock
Costing
answered on 20-May-22 16:43
Can anyone explain how to calculate safety stock
latest answer
Please check this video https://www.youtube.com/watch?v=v0z4dc-gkxI
Sajeetha R
CA Final
★ 46K+
9
433
Liquidation of companies
Accountancy
answered on 20-May-22 10:23
In module Sum -7 and 8 in both preferance dividend is there but In 7 dividend not paid to pre. Holder But in 8 dividend is paid to pre. Holder Why???
latest answer
We are working on special characters. %
Jiya T
CA Inter
★ 10
9
472
Sir please upload a video , explaining the answers of the icai exam questions, For written papers Accountancy and law,
Accountancy
answered on 19-May-22 19:45
It will be helpful for us to ,plan better for the next attempt And it will be helpful to know the answers sir
latest answer
If you had seen the classes, they would have explained in detail about the way of markings by ICAI for the previous 2 attempts and the question paper pattern analysis too.
Sri Bhawin
CA Inter
★ 20K+
3
452
Debtors Collection period
Financial Management
answered on 19-May-22 19:44
Actually Formula Drs collection period ratio is (Credit Sales÷Avg Drs )�365 But here they took Directly Debtors vallue but y they didnt took Avg of Debtors ie for year 2020 they can take opening balance of 2019 and can calculate but y they didnt do
latest answer
You can do it, but there must be consistency in the formula. You cannot use 2 separate formulae for same ratio in a single question.
Surya Prakash
CA Final
★ 19K+
9
596
cost of closing stock formula Illustration 6 page 10.22
Costing
answered on 19-May-22 19:53
How we are getting cost of closing as 3750 cost of closing stock formula Illustration 6 page 10.22
latest answer
In the question, they would have stated that Stock in processes are valued at prime cost. Finished stock is valued at the price at which it is received from Process II. And hence the formula would be Primary Cost in Process II / Total Transfer price in Process II * Value of Closing Stock (which is given in the question to be 4,500)
nisam M
CA Final
★ 23K+
2
1K+
Query regarding orientation
Others
answered on 19-May-22 19:45
What to fill in this?
latest answer
Okay
Badri Nayakanti
CA Final
★ 42K+
17
469