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Rtp may2019-AS 19
Accountancy
answered on 28-Sep-20 06:47
How is this computation possible ? I didn't understand the logic behind this computation.
latest answer
The return for lessor is 10%. The lessor would get lease payments + unguaranteed residual value. The present value of lease payments + present value of unguaranteed residual value should be equal to the fair value.
Swathi Krishna
CA Final
★ 8K+
1
670
AS19
Accountancy
answered on 28-Sep-20 06:49
In sale and leaseback, what is the logic(general) behind the amortisation of profits / loss ,as the case may be
latest answer
Sale and lease back is a structured transaction. I can sell the asset at a higher profit (above its fair value) and take it back on lease at a higher rental. Because i sold at a higher price, i will show higher profits. But the reality is that i will pay higher rent in future. So to ensure that profit and losses are reported properly, amortisation is done.
Swathi Krishna
CA Final
★ 8K+
1
670
Time value of money
Maths & Stats
answered on 28-Sep-20 06:50
How to do this one
latest answer
Compute total interest per annum - 80+420 Compute total principal. 5000 Divide interest by principal. 500/5000
Roshan Zameer
ACCA Professional
★ 24K+
1
674
Points to icash
Others
answered on 27-Sep-20 20:16
After burning points to icash, is there any time limit before which the icash should be used?
latest answer
iCash is valid for 1 year, iCash earned via burning points is valid for 6 months. Points are also valid only for 6 months. https://www.indigolearn.com/faq
vidhya ayyarappan
CA Inter
★ 5K+
1
736
Marginal cost
Costing
answered on 01-Oct-20 21:23
How to calculate total sales?
latest answer
Sorry (Total Sales - breakeven sales)/Breakeven Sales.
Chandra Maddi
CMA Inter
★ 1K+
3
710
Examination in depth vs test of controls
Auditing
answered on 27-Sep-20 12:32
I m confused as what's the difference between Examination in depth and test of controls
latest answer
Examination in depth is also known as WALKTHROUGH.....means checking the authority and process of a transaction from beginning to end. Example: from the point of raw material requirement, purchase requisition, vendor selection,quotations,placing orders,checking quality of raw material,Issuing GRN,raising Bill's payable and finally payment. TEST OF CONTROLS means type of audit procedures that an auditor performs to check ROMM at assertion level to obtain evidence to choose the amount of substantive procedure to be performed throughout the audit.
Rakesh Prabhu
CA Final
★ 2K+
1
978
Registration
Indirect Taxation
answered on 27-Sep-20 16:12
A person selling pan masala in telanga with turnover being 15 lakhs is registration required?
latest answer
Not required.
Shruthi V
CA Inter
★ 0
1
726
Champerty
Corporate & Other Laws
answered on 27-Sep-20 11:19
What is champerty
latest answer
an illegal agreement in which a person with no previous interest in a lawsuit finances it with a view to sharing the disputed property if the suit succeeds.
Amit Mohapatra
CA Foundation
★ 6K+
1
801
Leave encashment
Direct Taxation
answered on 27-Sep-20 12:51
Problem 12 In this how leave encashment 26 camed ?
latest answer
It is clearly stated the leave encashment exempt is lower of a / b/ c /d . C is lowest and hence it is exempt. IF your question is how d is arrived. It clearly says in last bullet in Question that he is entitled to 30 days of leave per year of service i.e 1 month per year so 26 months for 26 years of service
Surya .b
CA Final
★ 5
2
709
Query
Others
answered on 27-Sep-20 16:09
Do u teach tricks in using a calculator in ur maths lectures??if any student knows,plz reply .like the below tricks
latest answer
Will check with faculty and let you know.
Reetikaa R
CA Final
★ 7K+
3
651