Forums
Investment in Subsidiary Account
Financial Reporting
answered on 22-Dec-25 15:29
Hello Sir, this would be right if Amazon India is a Subsidiary of Amazon US. But what if there is a company say ABC Inc which holds 20% to 45% equity in and Indian company say XYZ Limited? It there is no subsidiary concept right, should we hit equity equity of XYZ Limited Account in that case?
latest answer
If no subsidiary then generally such transactions would not be entered into. The accounting will depend on how the transction is structured.
Shreyas Nayak
CA Final
★ 0
1
73
Doubt regarding expenses not deducted from calculation of NAV
AFM
answered on 17-Dec-25 11:52
Sir, why didn't we deduct 6.68 cr in calculation of NAV whereas we deducted fund operating expenses in computation of NAV in illustration 18 also and in various illustrations also we deducted fund operating expenses can you please explain sir
latest answer
Understood sir
siva chaitanya
CA Final
★ 13K+
2
71
Doubt
Financial Reporting
answered on 16-Dec-25 15:08
Shouldn't we transfer the difference in depreciation to rev surplus to retained earnings.. When we shld transfer the depreciation And wen oly the revaluation surplus on fair value is transferred..im confused plz explain sir
latest answer
Ok sir thnks
SHRUTHI CHINNI
CA Final
★ 140
5
84
Clause(xxi) [CARO]
Auditing
answered on 20-Dec-25 20:38
Ma'am , if Clause 21 of CARO 2020 is applicable, do we have to mention it in the audit report on consolidated financial statements? If yes, under which heading should it be reported? [Video Time Stamp: 02:42]
latest answer
It will be reported under ‘other matter paragraph’
Priya Dharshini
CA Inter
★ 0
1
88
Self review threat
Auditing
answered on 20-Dec-25 20:42
Mam, as you explained in this video that if an accountant having access to corporate assets for personal use why will it come under self review threat? it comes under self interest threat right as he is benefitting from that? [Video Time Stamp: 03:36]
latest answer
Access to corporate assets for personal use gives rise to BOTH threats: Self-interest threat -due to personal benefit Self-review threat -because the accountant may later review or rely on records relating to his own use of assets In Professional Ethics questions, ICAI often highlights the dominant threat as Self-review because it directly affects audit objectivity and reliability. ICAI focuses on the professional function that can get affected and not just the benefit. So you are not wrong, but icai highlights more on self review .
Syamala Yakkala
CA Final
★ 1K+
1
88
CA final attempt
Exams
answered on 16-Dec-25 12:36
Hello Sir, I have completed my ca inter group 1 in Dec 2021 and group 2 under unit scheme in September 2025 what are the spom exams that i am eligible for and when is my CA final attempt and on or before when should I finish my Advanced itt and mcs course and spom exams. please, explain it clearly sir. Thanks in Advance.
latest answer
You can write in May-2026 if you want to. SPOM applicable - all 4. Should complete SPOM. Adv ICITISS by end of March or first week of April. I would suggest you to consider at least 8-10 months of preparation time for CA final since syllabus is vast. Ideally you should target Sep-26 attempt.
Supriya Mahender
CA Inter
★ 240
3
87
Exemptions
Indirect Taxation
answered on 19-Dec-25 19:34
Sir for classical dance exemption, is 8000 (balance) is taxable or entire amount of 158000 amount is taxable? [Video Time Stamp: 12:30]
latest answer
Entire amount is taxable.
Mohamed Kaiz
CA Inter
★ 2K+
2
76
Number of trips taken is 2, Doubtful
Costing
answered on 22-Dec-25 16:59
Sir in the video exactly at time stamp 10:28, you've been calculating the number of student for 2 trips. But as per my understanding the number of trips to be taken is 4 trips. 2 trips in the morning and 2 trips in the afternoon. And this idea also considers that the return trip will be empty without any occupancy of students. PLEASE CLARIFY ASAP also please explain how can we take the number of student as point 5, should it be taken as it is or should it be converted to 1 full student? [Video Time Stamp: 10:28]
latest answer
entire costing is built on logic. But of course, we need to be mindful to not overdo on logics for exams. Else we will be stuck in loop.
Vinod Kumar
CA Inter
★ 11K+
6
79
Price
Financial Reporting
answered on 15-Dec-25 16:54
Sir, what is actually the meaning of Standalone Selling Price. I didn't understand that part [Video Time Stamp: 04:00]
latest answer
Allocation on proportionate basis: FR: ₹18,000 × (₹9,999 / ₹20,998) = ₹8,571 (approx.) AFM: ₹18,000 × (₹10,999 / ₹20,998) = ₹9,429 (approx.)
Shreyas Nayak
CA Final
★ 0
3
65
Stationery charges : why not operating charges
Costing
answered on 16-Dec-25 15:21
Sir, stationery is something which a transport company may require to keeps records of timings and busroute and passenger travelled tickets. Therefore the consumption stationery items may depend upon the operation (running of vehicle cum passenger boarding in vehicle). In that case how can these be classified into standing charges? INSIGHT This is a standing charge because the cost per month will not change due to its consumption? Is this understanding correct? [Video Time Stamp: 09:07]
latest answer
IN real life doesnt matter much. In exams, ICAI may not award marks.
Vinod Kumar
CA Inter
★ 11K+
3
75