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answered on 08-May-24 15:06
what is the key to go "go to" option. to search report
latest answer
Alt + G
Saniya Balekai
CA Inter
★ 285
1
323
Wcm
Financial Management
answered on 22-May-24 11:06
Why discount is not deducted here?discount In old scheme is 160 lakhs*50%*2% right.why it is not comsidered
latest answer
Because nowhere in the question have, they asked for incremental cost - all questions focus on factoring proposal only independently
Jaggu Achalla
CA Inter
★ 5
1
311
Release of working cap
AFM
answered on 08-May-24 21:05
Usually we take release of working cap at end but wanted to understand why do we do that since it is a sunk cost deployed in business and would be utilized in operations right?
latest answer
understood, thanks a lot!
Priyanka Udeshi
CFA L1
★ 14K+
4
291
inflation
AFM
answered on 03-Jun-24 13:47
Sir in this question, ICAI has not adjusted the inflation in each yrs revenue and costs. I understand you'd done it similar to an Illustration solved earlier but how do we interpret whether inflation rates are to be adjusted in the CFs (where real/ nominal is not mentioned)
latest answer
Have Updated this solution. Went through the question again made some reasonable assumptions based on which we can arrive at ICAI answer - Thanks for highlighting though
Priyanka Udeshi
CFA L1
★ 14K+
2
305
ITC
Indirect Taxation
answered on 08-May-24 16:19
While ITC on goods imported by a non-resident taxable person is allowed, why not ITC on services imported by him is blocked?
latest answer
Since NRTP concept is predominantly for goods.
Punitha Krishnaraj
CA Final
★ 5K+
1
363
Registration
Indirect Taxation
answered on 08-May-24 16:20
Is my approach right? Will anyone pls suggest me
latest answer
Right. 10L limit will apply only when there are taxable supplies in Manipur, Mizoram, Nagaland and Tripura.
G Creddy
CA Inter
★ 945
1
314
Foreign currency conversion
Financial Reporting
answered on 07-May-24 14:11
For foreign travel I paid money of USD 3000. Assuming travel expense from 25th February to 7th March is USD 1500. The exchange rate for this expense need not be constant through the period. So how to decide exchange rate for the expense.
latest answer
You can take from RBI - FBIL rate.
swaminathan sundaram
CA Final
★ 110
4
333
Ind AS 21 foreign currency conversion
Financial Reporting
answered on 07-May-24 14:00
Assuming I have USD 2000 receivable on 31st March reporting date. To convert the same into INR from where to exchange rate from RBI website or any other bank wesbite
latest answer
RBI or bank rate or market rate. But it has to be consistent
swaminathan sundaram
CA Final
★ 110
1
259
Bank reconciliation statement illustration 11
Accountancy
answered on 07-May-24 08:21
Sir, please explain this sum I can't understand this method
latest answer
Ok thankyou sir
Pradeesha Dharmaraj
CA Foundation
★ 1K+
2
231
Registration
Indirect Taxation
answered on 08-May-24 16:18
A person supply taxable goods in Himachal Pradesh turnover 32cr and he also supply exempt goods in Nagaland 6cr.Is he liable for registration?
latest answer
10L limit will apply only when there are taxable supplies in Manipur, Mizoram, Nagaland and Tripura.
G Creddy
CA Inter
★ 945
6
335