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For year 20x2
Accountancy
answered on 16-Apr-24 20:31
Sm sum I have tried sir I attached my workings and study material Rights issue last date is 1/3 so i considered it as 1month but in study material 600000 & 10 months they have taken I have doubt in tat portion sir Kindly resolve tis doubt sir
latest answer
Thank you sir
nive krish
CA Inter
★ 255
4
335
Exam eligibility
Others
answered on 11-Apr-24 09:32
One of my friend failed in Adv ITT Exam, he is going to write the May 24 attempt, Is he eligible to write the exam ? Do ICAI Withhold his results ? If he clear the Adv ITT exam before the exam results declaration, do he comply the eligibility criteria?
latest answer
Passing Adv ITT is mandatory to write the exams as per new scheme.
Rahul Kumar
CA Final
★ 2K+
2
531
As 20 rights
Accountancy
answered on 10-Apr-24 18:01
Sir if I use tis three step adjustment for studymaterial sum I'll 4 I am unable to get theoretical ex rights fair value but I tried indigo learn sums in tat I am arriving easily According to my computation I am getting 0.875 but in study material sum it's coming 20 I also attached both my workings and studymaterial solution part I can't able to find my mistake Kindly help me out sir please
latest answer
Thanking you sir
nive krish
CA Inter
★ 255
2
327
Why importer sells US$ instead of buying US$ will importer
AFM
answered on 10-Apr-24 20:29
Sir iam having doubt how importer can sell US$ in question also it is not mentioned that he is selling we should assume he enters into contract to buy US$if he an importer right sir..?
latest answer
Yes it is selling - solution is right - in our notes it is incorrectly mentioned as buy - otherwise rest of the solution is correct. Will get notes changed
kabilan sam
CA Inter
★ 3K+
1
199
Q4- Funds to raise
AFM
answered on 11-Apr-24 10:00
Sir, isn't short term loan a component of current liability? while calculating Net working capital should not we take that into consideration, I couldn't get a clear picture of the same.
latest answer
I did initially take ST + Payables + prov but realized that it is incorrect in context of a business. As a business grows its working capital needs grow. If CA grow so will CL. If receivables increase so will payables. This is a poorly structured question. If i consider ST loans and Prov as part of CL, and then compute WC to sales ratio and using that compute ST loans and provisions, ST loans are coming down and Prov are increasing - that cannot happen. ST loans will stay same and prov will increase - hence i had to change the answer to a more logical way.
Venky Balamurali
Qualified CA
★ 0
1
243
Forex illu87 part Il execution after due date within 3 grace days
AFM
answered on 11-Apr-24 06:39
Sir, please help me why are we not considering the ODFC contract for execution also we do cancel it how come it is possible sir I have attached a detailed SS for your reference
latest answer
Got it sir🙏🏼
kabilan sam
CA Inter
★ 3K+
2
347
Minimum Prescribed learning hours
Exams
answered on 13-May-24 11:23
How many hours do we need to attend the classes for satisfying the minimum Prescribed hours?
latest answer
login to BOS portal and check
Harish Kumar
CA Final
★ 2K+
8
413
Financial instruments- Future Accounting
Financial Reporting
answered on 10-Apr-24 15:54
At initial the strike price and market price wont be same know sir . the strike price will be more when compared with market because the market is in contango (Bullish). So at Initial Recognition The fair value of futures will not be zero know sir ?
latest answer
Thank you sir
M Naresh
CA Final
★ 3K+
2
175
Film studio Illustration
Financial Reporting
answered on 06-Nov-25 11:17
Using same logic as explained for the sports team qn (i), we can say that the customer D also expects the film studio to carry out promotion and they will stream the movie basis how people books tickets based on the promotion and the actors. So the perfomance of the studio also plays a role in the entity's usage of the IP. so why is the answer different for both?
latest answer
If the question is silent, no need to identify. In real life you can compare upfront payment vs monthly payment.
Dhvaritha Ravishankar
CA Final
★ 7K+
3
168
please provide solution of this quesion with proper working notes
Costing
answered on 10-Apr-24 16:27
The following data relate to Bookshop Ltd: The financial manager has made the following sales forecasts for the first five mon of the coming year, commencing from 1 April 2010: Month Sales April 40,000 May 45,000 June 55,000 July 60,000 August 50,000 Other data: (1) Debtors' and creditors' balance at the beginning of the year are 30,000 and 14,000, respectively. The balance of other relevant assets and liabilities are: Cash Balance 7,500 Stock 51,000 Accrued Sales Commission 3,500 (ii) 40% sales are on cash basis. Credit sales are collected in the month following the sale. (iii) Cost of sales in 60 per cent on sales. (iv) The only other variable cost is a 5% commission to sales agents. The Sales Commission is paid in a month after it is earned. (v) Inventory (stock) is kept equal to sales requirements for the next two month budgeted sales. (vi) Trade creditors are paid in the following month after purchases. (vii) Fixed costs are 25,000 per month including *2,000 depreciation. You are required to prepare a cash budget for the months of April, May and June 2010, respectively.
latest answer
Question has not given data.
Sakshi Chauhan
CA Inter
★ 6K+
5
577