Forums
Cross rate
AFM
answered on 04-Mar-25 07:47
Sir, I tried to do one by myself, but I think something is getting wrong as my answer does not matches with website , site variance, however I tried to solve logically, if I have done anything wrong, kindly tell what got wrong
latest answer
Your method is correct - no mistake. What happens in Oanda or any other site is when you are taking data, from the time you move from one screen to another for diff currency rates, the market quotes change look at all quotes at same time on a single screen and it will be proper with possible variation in 4th decimal. check screenshot and working below
Hrishikesh Pradhan
CA Final
★ 18K+
1
168
Exemption
Costing
answered on 06-Mar-25 03:47
I successfully cleared my CA Intermediate Group 1 in the December 2021 attempt but had to discontinue my studies due to personal reasons. Now, I plan to resume my course and appear for the Group 2 exam in 2025. Since I have already passed Paper 4 in Group 1, do I need to retake it in Group 2?
latest answer
Fill unit 2d form
Mrudula Kizhakekattuvelikakath Sasidharan
CA Inter
★ 0
5
209
Existing shareholder's wealth in case of rights issue
AFM
answered on 03-Mar-25 20:13
Sir, why did you add 150 crs of subs amt to the shareholder's wealth when the company will get the amount of subs only post issue of rights??
latest answer
1 Shareholder wealth = market cap / share count When share count is added (i.e denominator) the money received from those shareholders is also invested in a project and the project has a PV that PV is added to numerator
Pradeepa Narayanan
CA Final
★ 5K+
1
168
Need clarification of illustration 2 of RPT AS 2
Accountancy
answered on 03-Mar-25 20:12
Sir, Please explain the illustration 2 of RPT AS 2, Which i can't understand clearly.
latest answer
You can watch revisions of AS 2
kravel
CA Inter
★ 2K+
2
259
Part (a) of Illustration 14
Financial Reporting
answered on 07-Mar-25 14:46
What is the relevance of the last two sentences (not taxable unless sold & no intention of selling in the foreseeable future) in determining the deferred tax?
latest answer
Not taxable unless sold means - though you may recognise loss or gains for accounting purpose, the tax base will not change. So there may be a gain in financial statements but the same will not be reflected in taxation. Regarding intention, you will have a depth understanding in financial instruments.
Ruthvik Reddy Adala
CA Final
★ 5K+
1
195
DEPRECIATION
Direct Taxation
answered on 05-Mar-25 09:13
SIR, Should we study depreciation rates by heart
latest answer
Solve all RTPS and MTPs
Sandeep
CA Inter
★ 50
6
309
Additional depreciation
Direct Taxation
answered on 04-Mar-25 16:12
Hello sir, I hope you all are fine . Sir in this question the assessee business is manufacturing and he is paying tax under out of default tax regime so, can we claim additional depreciation on that additions purchased even if the question doesn't disclose that it's not a second hand asset (or) should we have to take assumption that additions made are new asset and claim additional depreciation ?
latest answer
Welcome.
Nagachaitanya Nomula
CA Final
★ 8K+
3
318
DEFLATING MONEY C/F TO GET REAL C/F
Financial Management
answered on 03-Mar-25 05:40
I did understand the concept of this, but I am a confused why do we really do this? What is the reason for conversion of Money C/F to Real C/F? Thank You!
latest answer
Deflation So that we can look the project or business independent of inflation
Nabeela Faisal
ACCA Skill
★ 0
1
178
Financial instruments
Financial Reporting
answered on 02-Mar-25 20:11
Is this fixed or variable no of equity shares?
latest answer
Got it
Christeena Ambel
CA Final
★ 80
1
186
Financial instruments
Financial Reporting
answered on 02-Mar-25 20:11
Is this convertible into variable number or fixed number of equity shares?
latest answer
Got it
Christeena Ambel
CA Final
★ 80
1
171