Forums
Materiality of lawyers fee
Auditing
answered on 08-Mar-22 08:03
Does payment to lawyer in financial statements material irrespective of effect case involved ?
latest answer
An auditor wont know the impact till the time such payments are checked. So they would be material.
MATURU HAMSA GAYATRI
CA Final
★ 23K+
1
494
cost of capital book back 6th sum
Financial Management
answered on 08-Mar-22 06:25
Im not able to understand the way they calculated new cost of equity after proposal. Mainly how that 600000 came?
latest answer
The 75 lakhs was fully financed by debt which bears intrest rate of 8 % So, 75lakhs * 8%= 6lakhs
Ashwathi selvanathan
CA Inter
★ 2K+
1
623
AS-11
Accountancy
answered on 08-Mar-22 11:22
In AS-11 we have additional old amendment, in that we can transfer for the forex fluctuation amout to the FCMITD account for non depressible assets. Here when we will transfer the amount to p & l? If we transfer the amount by year end. at what portion we should transfer and to which account we should transfer?
latest answer
It can be amortised over the remaining life of the liability. SLM basis is fine.
Narendra Gowda
CA Inter
★ 270
1
451
Amendment notes
Direct Taxation
answered on 15-Mar-22 11:01
I purchased nov 21 income tax lectures nd now extended to may 22. I have nov 21 notes, so can anybody share the amendment notes for may 22.
latest answer
May 22 Amendment notes available in Free Resources. Happy Learning
Ramesh Ramesh
CA Inter
★ 5
7
521
Regarding Exemption Rules
Others
answered on 07-Mar-22 23:06
Sir I appeared ca final both groups in Dec 21 attempt got Exemption in Paper 6D but failed in both the groups. But In May 22 attempt I am planning to write Group 1 only. My doubt is While applying for Examination form Apply Both Groups for to eligible for Exemption ? or applying for one group 1 is enough? In case I already applied for Exam form Group 1 only Is there any changes to do further?
latest answer
Thank you sir
Ramesh Kuchipudi
CA Final
★ 90
2
418
Provision of courses for nov 2024
Others
answered on 08-Mar-22 12:30
Please provide for niv 2024 to start prep early
latest answer
Ok sir
vijay anvesh
CA Final
★ 85
4
536
Illustration 5, page 15.45
Costing
answered on 08-Mar-22 11:37
Why did they have (contribution Ã?sales ratio) what does it indicate.....plz explain me the working note 3 and highlighted part of WN1
latest answer
1. Sales ratio 3:4:2. We arrived at contribution for each sub assembly unit. If we multiply it with expected sales ratio, we will get the total contribution per batch. 2. Desired profit is Rs. 12 Lakhs. We also have fixed OH. In order to meet this target, we must have desired contribution of Rs. 19,57,200. We calculated in working note that the total contribution comes to Rs. 932 per batch. Then, it is easy to calculate number of batches
Gauri Shete
CA Final
★ 5K+
1
465
Financial statements of company
Accountancy
answered on 08-Mar-22 11:32
What is the difference between capital reserve & capital redemption reserve?
latest answer
The profit earned by the company through special transaction, that is not available for distributing dividend to shareholders is known as Capital Reserve. It contains the following: Share Premium, Profit on reissue of forfeited shares, Capital Redemption Reserve (CRR), Development Rebate Reserve CRR is formed when there is a buy-back or redemption of shares, i.e. for a specific purpose. This is done by transferring reserves freely available for distribution to CRR, which is not freely available for distribution, and has only one use - to issue fully paid bonus shares.
Sumita Shah
CA Inter
★ 2K+
1
458
Cost accounting system
Costing
answered on 08-Mar-22 16:52
Sir 1) in statement of profit as per costing records why should we take material 40k instead of 80k? 2)in profit and loss account why should we take (opening balance+purchases-sales) instead of (opening balance+purchases- closing balance)?
latest answer
TQ u sir
Priyanka R
CA Final
★ 20K+
5
656
Difference between IP & IRP
Corporate & Other Laws
answered on 08-Mar-22 12:00
Is there any difference between Insolvency Professional and Interim Resolution Professional
latest answer
Thanks ð???
Rishabh Arora
CA Final
★ 5
2
2K+