Forums
Sept 2025
Financial Reporting
answered on 29-Nov-25 19:49
In this question, why have we deducted goodwill from net assets although nothing has been specifically mentioned in the question
latest answer
https://youtu.be/5AK6BX11QyE Goodwill is not identifiable asset. Have explained in this video.
Hrishikesh Pradhan
CA Final
★ 18K+
1
81
Person of Indian Origin
Direct Taxation
answered on 02-Dec-25 09:51
In this question, his grandparents parents was born in undivided India, then he should be a Person of Indian origin right?
latest answer
Thank you Sir
Priya Ravi
CA Inter
★ 55K+
2
82
May 2024
Financial Reporting
answered on 29-Nov-25 19:51
In this question, they have declared dividend from pre acquisition reserves but they have not considered it in calculation of net assets why ? 3000 have been considered instead of 2600
latest answer
https://www.youtube.com/live/kJr8VwDE7dI?si=U9y0n8M0CS-OzlJj
Hrishikesh Pradhan
CA Final
★ 18K+
2
89
May 2024
Financial Reporting
answered on 29-Nov-25 18:30
Sir, while solving the question, i got one doubt that while learning, we understood that for associate, we calculate bargain purchase just to disclose but we don't account for it then why have we accounted for it [Video Time Stamp: 16:48]
latest answer
Ohhh achaa ! Got it
Hrishikesh Pradhan
CA Final
★ 18K+
2
93
formulae
AFM
answered on 29-Nov-25 12:07
sir in this sum at initial margin calculation we are calculating that based on the principles of var-margin is 3sd +mean is it a formulae or given in the question sir [Video Time Stamp: 16:19]
latest answer
No they did not That is the formula you have to assume and solve the question
Raghavan Mani
CA Final
★ 355
1
67
CARO applicability.
Auditing
answered on 07-Dec-25 20:55
I A private company does not satisfy the specific CARO exemption limits for private companies (paid-up capital below ₹1 crore , Borrowing below ₹1 crore and turnover below ₹10 crore). Small Company under Section 2(85) (within ₹4 crore and ₹40 crore) also exempted What if ABC private company has paid-up capital ₹3 crore and turnover ₹12 crore, which are not within the limit of Private company condition but satisfy Small company definition. In this situation, will CARO, 2020 be applicable, or will the company still be exempt because it is treated as a Small Company?
latest answer
Small company will be exempted from CARO . The Private companies mentioned there are other private companies , not opc and small company
Shinisha Rose R
CA Final
★ 5K+
3
2K+
MCQs
Indirect Taxation
answered on 28-Nov-25 11:16
where can I access this mcq pdf? [Video Time Stamp: 04:24]
latest answer
Yeah I figured, but I couldn’t find it anywhere online as well
Ritu Kotian
CA Inter
★ 15K+
4
100
In the real life scenario, does the Painting Expenditure having useful of 5 years can be capitalized??
Financial Reporting
answered on 28-Nov-25 11:15
Considering the criteria for capitalization like enhances the asset / extension of useful life of assets, In the real life scenario, does the Painting Expenditure having useful of 5 years can be capitalized?? [Video Time Stamp: 02:18]
latest answer
It depends on materiality of amount. If significant then yes. else no.
Immanuel Babu
CA Final
★ 5
1
90
Revision of Asset value in the Scenario of residual value is less than the depreciated value of the asset
Financial Reporting
answered on 28-Nov-25 11:16
Is it required to revise the value of asset in the scenario where the residual value of the asset is less than the depreciated value of the asset [Video Time Stamp: 07:06]
latest answer
No.
Immanuel Babu
CA Final
★ 5
1
83
FR MOCK TEST
Financial Reporting
answered on 27-Nov-25 20:02
Where can I access mock test questions paper ?
latest answer
The next section in this module has the question paper.
Akash Nanda
CA Final
★ 25K+
1
107