Forums
GST TOPIC AND AMORTISATION
Accountancy
answered on 04-Apr-24 15:43
Sir, it has been since 1month and more than that sir you have been keeping on saying that it will uploaded still there are no vedios . please do upload of that vedios sir.
latest answer
It was uploaded today morning- GST.
sukeerthi chinnaramugari
CA Foundation
★ 1K+
5
197
Q-49, Depreciation and Appreciation of Rupee
AFM
answered on 02-Apr-24 12:05
Sir, while calculating the real app or dep of rupee of ask price, should not it be 1.0305/1.0381-1= -0.73%?
latest answer
This correction has been made- thanks once again for highlighting
Venky Balamurali
Qualified CA
★ 0
2
187
Accounting Entries - Examples
Financial Reporting
answered on 01-Apr-24 04:59
In this case - we recognize amount receivable from customer contract asset , but why cant it be treated as sale made with a right to return ?
latest answer
It is similar.
Bhoomi Makhecha
CA Final
★ 35
1
284
Limited liability partnership
Corporate & Other Laws
answered on 02-Apr-24 18:35
In the descriptive question no 3 solution they have told that Albert also must be the designated partner but minimum requirement is only of 2 designated partner in which one must be resident. Why should Albert also be included?
latest answer
There seems to be some mistake in the answer, there is no compulsion to make Mr. Albert as a designated partner.
SUBODH M JAIN
CA Final
★ 2K+
5
314
TOTAL NO.OF CONTRACTS
AFM
answered on 31-Mar-24 15:46
Sir as per 3rd part of this question, the investor should short 13.342 Nifty futures contract and in the 4th part to reduce this beta of the portfolio to 0.6 we are shorting 3.91 Nifty futures contract. So my Doubt is whether in 4th part we are shorting additional contracts of 3.91 to that of 13.34? And another doubt is that in question the Given value e^(rt) is 1.01598, and this value is arrived only when we use 55 days for the calculation.
latest answer
Part 3 is full hedge for which 13.34 contracts need to be shorted beta will become zero Part 4 is 3.91 - this is for reducing beta to 0.6 Both are diff and 3.91 is not after 13.34. 3.91 is independent and 13.34 is independent as explained above - both are diff scenarios Jan 1 to feb 28 shoudl be 59 days - but they gave value for 55 days - if a value is given in problem consider it. May be settlement date for feb is not 28 but 24 due to holidays / weekend etc who knows
Mohanbabu N
CA Final
★ 3K+
1
181
interest paid to partner current a/c
Direct Taxation
answered on 31-Mar-24 23:25
what is the treatment for interest paid to partners current a/c is it fully allowed or not.
latest answer
As per Income Tax, maximum interest that can be paid to partners is only 12 percent
ashwaq shariff
CA Inter
★ 2K+
1
307
audit of borrowings
Auditing
answered on 04-Apr-24 08:03
Bonds/debentures (along with the rate of interest and particulars of redemption or conversion, as the case may be) shall be stated in descending order of maturity or conversion, starting from farthest redemption or conversion date, as the case may be. Where bonds/debentures are redeemable by instalments, the date of maturity for this purpose must be reckoned as the date on which the first instalment becomes due. could you please give me an example for this?
latest answer
thank you so much mam
Roobashree Rajagopal
CA Inter
★ 1K+
2
342
Ind AS 12 Deferred Tax
Financial Reporting
answered on 01-Apr-24 05:10
Page 10.18 old study material example 21 An entity acquires on the first day of reporting period. In this example I can understand calculation of depreciation for 6 years on SLM basis. But I am not able to understand depreciation calculation for tax purpose. Tax rate is given as 30% in the solution depreciation it taken as Rs (90), (10), (7) (5) etc How this calculation is done I am not clear
latest answer
Just an assumption. No rates. IN exam you will get rates.
swaminathan sundaram
CA Final
★ 110
1
271
Accounting for taxes on income
Accountancy
answered on 01-Apr-24 04:55
Accounting income is considered as NIL?? And How it will regarded it as deferred assets?
latest answer
Sale value = 8 crores Cost = 8 crores Accounting income is 0. Taxable income is 4 crores. Paid taxes in the current year and low taxes in future. Hence DTA.
Laxmi Devi Suresh
CA Final
★ 16K+
1
268
Revaluation Reserve and Depreciation
Auditing
answered on 02-Apr-24 17:15
i couldn't understand the revaluation reserve and depretiation concept in this video
latest answer
Depreciation on revalued asset, to the portion apportioned to revalued amount, is reversed from revaluation reserve. Asset worth 1000 Rs- revalued to 1500 Assets will be increased by 500 and revaluation reserve credited by 500. Now depreciation if u assume 10%, 1500 *10= 150 In P & l you will debit 150. But revaluation reserve has to have corresponding effect. debit to revaluation reserve will be 500*.10= 50. In p and l -net effect will be 150- 50= 100 (this is dep attributed to value before revaluation) P & L to Depn- 150 Revaluation Reserve - 50 to Pn L- 50
Satha Sivam
CA Final
★ 6K+
1
155