Forums
Paid up Share Capital
Corporate & Other Laws
answered on 15-Feb-25 11:53
In case of advance money paid by the shareholder, such amount will also reflect as part of equity in the Balance Sheet, is the understanding correct.
latest answer
in a balance sheet, an "advance call received from a shareholder" is listed under "Current Liabilities" as "Calls in Advance," meaning it's the amount of money a shareholder has paid to the company before the official call
Namrata Lall
CA Inter
★ 0
1
197
Place of supply (Training and performance appraisal services)
Indirect Taxation
answered on 14-Feb-25 21:51
Good morning sir! For this question, the answer is given as Assam but why not Maharashtra sir? The provision says that where the recipient of service is a registered person, the place of supply is the location of such person. Therefore, as the Maharashtra office is also registered, why shouldn't we take the place of supply as Maharashtra instead of Assam sir?
latest answer
Correct.
Viveka R
CA Inter
★ 3K+
3
240
PV Computation
AFM
answered on 12-Feb-25 06:34
Generally, when we calculate PV we directly do 1/(1+i)^n, but in F & O, we use e, i had same query in futures too, though i understood the formula and logic, however, such difference was not understood?
latest answer
Ok sir, Understood!! Thank you !!
Hrishikesh Pradhan
CA Final
★ 18K+
2
231
Cash
Financial Reporting
answered on 12-Feb-25 03:40
Sir the cash and CE which when acquired why we are reduced 100% of case we have got only 70% control over it, so 70% of cash and CCE held by the subsidiary should be reduced ? (i havent dont consolidation chapter, so i dont have basic clarity of this)
latest answer
When you consolidate (even as per AS 21), you would take 100% of assets right. We are looking from consolidated financial statements point
Hemachandra D
CA Final
★ 9K+
1
206
Deduction
Direct Taxation
answered on 14-Feb-25 21:41
If under the interest for FY (CY+ pre const interest) includes Self occupied : Rs 180000 Let out : Rs 130000. , Does the 200000 deduction under section 24(b) apply for 180,000 + 130,000 or does it not coz neither amount exceeds 200,000
latest answer
2L limit is only for self-occupied property but not for let out property.
Dova Shaji
CA Inter
★ 520
3
224
Operating activity or finance activity
Financial Reporting
answered on 12-Feb-25 11:56
Sir why this interest is operating activity, interest on investment is investment activity right ?, in the question its not given it has operating activity
latest answer
But this is not investment.
Hemachandra D
CA Final
★ 9K+
1
213
Immunization Example
AFM
answered on 12-Feb-25 09:06
Sir, ididnt get how to the price at which coupon will disposed at end of 5th year for the 7 year coupon bond price disposed at the 5th year amounts to 98.26... the computation i didnt undersrand
latest answer
It is PV of cash from for Year 6 & 7 Coupon for each of the year based on the original coupon rate and principal of 100 Returned at the End of Year 7 Simply a PV of those at the current yield levels
Abhinav K A
CA Final
★ 2K+
1
215
Is services not eligible for compensation scheme?
Indirect Taxation
answered on 14-Feb-25 21:47
Is services not eligible for compensation scheme? Please clarify
latest answer
Eligible under Section 10(2A).
Manu Jacob
CA Final
★ 6K+
1
206
doubt regarding idp
Financial Management
answered on 12-Feb-25 14:28
how did we directly conclude that there is no idp between plan 2 and 3?,, It is said because fin cost of 2 is less than 3 but similarily if we take plan 1 n3,,there is no int or dividend as cost could u please explain this
latest answer
Plan II dominates Plan III i.e., @ any level of EBIT, EPS of plan II will be higher than plan III because Plan ii has int cost and Plan 3 you need to pay Pref dividend. Pref div is after tax and there is no way that there is a common amt of EBIT at which both plans have common EPS If you are unable to understand in this example, take a simple example of Rs.10, and 100 for each of the items and work it out Faculty explained this initially at the time of concept explanation too Coming to 1 & 3 there is a possibility because Both do not have fixed cost
Rania D'souza
CA Inter
★ 650
1
171
Incorporation of branch accounts
Accountancy
answered on 18-Feb-25 14:37
Hii sir... I have a doubt regarding ...why the expenses are credited in the books of branch sir? Could you please explain it?
latest answer
When you close nominal account during preparation of P&L We pass entry P&L Dr. To Expense Same logic is applied when we transfer expenses to HO Books Dr. HO books Cr. Expenses Expenses have debit balance. We are just closing the ledger.
Janani Nithiyamoorthi
CMA Inter
★ 0
1
192