Forums
Revised MCQ Pattern
Exams
answered on 03-Sep-26 12:37
Is it applicable for all subjects or only to FR.?
latest answer
It is applicable for all CA Final papers
Vinod Kumawat
CA Final
★ 2K+
1
62
Advanced Capital Budgeting - Q20 - Independent probability, 5 or 6?
AFM
answered on 02-Sep-26 07:57
Here, we have taken the probability in the independent cashflow scenario as (0.3)^5 years Would it be appropriate to do ^6 because the operational cashflows are 5 occurrences over 5 years, but the salvage value cashflow is a separate inflow when we dispose of the project's assets
latest answer
ok sir, thank you
Vishnu Muraleedharan
CA Final
★ 32K+
2
57
PURCHASE AND SALE ENTRY
Financial Reporting
answered on 03-Sep-26 09:45
Sir... In case of purchase its Purchase a/c - dr to creditors a/c ...how its inventory a/c dr to payable account
latest answer
You can also follow the old method of accounting. Purchases To Cash & Customer To Sales.
Suraj Prakash Shaw
CA Final
★ 0
4
39
Ind AS Applicability
Financial Reporting
answered on 01-Sep-26 09:57
1. If a holding company met applicability criteria, IND AS applies to its subsidiary also; whether it applies to its step - down subsidiaries too? Likewise whether holding also includes ultimate holding company? 2. If a company voluntarily adopts IND AS, whether it applies to its holding, subsidiary, associated and JV?
latest answer
Yes, if a company meets the mandatory applicability criteria, Ind AS will apply to its step-down subsidiaries as well. If a company voluntarily adopts Ind AS, it does not automatically become applicable to its holding, subsidiary, associate, or joint venture companies. The rule of automatic applicability to group companies is only triggered when an entity meets the mandatory statutory thresholds
SANJITHA
CA Final
★ 1K+
1
41
Cash flow statement
Financial Reporting
answered on 03-Sep-26 09:47
Good evening sir. I have a small doubt. Savings Bank interest/ FD Interest (where FD is classified as part of cash and cash equivalents), this interest will form part of cash and cash equivalents or investing activity?
latest answer
It will form part of Investing Activity. Even though the principal amount of a short-term, highly liquid FD might be classified as 'cash and cash equivalents', the interest received on it represents a return on investment.
Roobashree Rajagopal
CA Final
★ 1K+
2
45
Cash component
Financial Reporting
answered on 04-Sep-26 14:59
In illustration 9 as per parent we deducted cash balance but in return the subsidary receiving cash but we are not charging that in consolidated statements or subsidy statment
latest answer
Subsidiary is not receiving cash. The share holders (NCI are receiving cash)
Seetha Ram
CA Final
★ 20K+
1
51
Extention window
Exams
answered on 01-Sep-26 09:56
Last date for course extension?
latest answer
15th Sep
Preeshma Manasa
CA Inter
★ 2K+
1
57
Not a question..small change in LDR revision chart
Financial Management
answered on 31-Aug-26 12:18
page 224, benefits of reverse merger same as tests to be satisfied.
latest answer
Thanks for highlighting Looks like some dtp error
VIDIKSHA PAWAR
CA Final
★ 550
1
45
PM
CFA
answered on 31-Aug-26 10:44
The break-even inflation rate is expected to be 2% over the next year. What is the credit spread for a 2% annual pay corporate bond maturing in one year with a market price of $96.91 ($100 par) if the real risk-free rate of return over the next year is 1%? A) 2.00% Incorrect Answer selected Option A is 2.00% is incorrect B) 2.25% Correct Answer unselected Option B is 2.25% is correct C) 0.19% how to solve this sum
latest answer
NOMINAL RF = 1.01 X 1.02 - 1 = APPROXIMATELY 3% YTM OF A BOND with maturity value = 100 + last year int of 2 and cmp = 96.91 = 5.25% credit spread = 5.25 - 3 = 2.25
Dhakshana Dhakshana
CFA L2
★ 18K+
1
42
Chapter 7 - TDS
Direct Taxation
answered on 11-Sep-26 11:28
Sir in ITA 2025, Section 393 (1): 1. Commission or brokerage: (i) Any income by way of remuneration or reward, whether by way of commission or otherwise, for soliciting or procuring insurance business (including business relating to the continuance, renewal or revival of insurance policies). 1. sir here Payer is "Any Person" so the payer can be Insurance Company or An Individual (Subject to Audit condition) or Any other Person (Company/LLP/HUF/Firm), is everyone cover ? 2. CASE I - Insurance Company (payer) pays insurance commission to its agent (payee) - payer (any Person). CASE II - If Agent (payer) pays insurance commission to its sub agent (payee) - Payer (any person). CASES III - If Company (other than insurance) pays to Authorise agent as a separate fee/reward for arranging/procuring that insurance for its business (not insurance company paying to agent) - Payer (any person). sir my doubt is revolve around "any person" it can the above three case payer or else insurance company only the payer for this provision.
latest answer
It is any person not necessarily insurance company.
39 - Sri Sankar G
CA Inter
★ 0
1
57