Forums
Spliced price index
Maths & Stats
answered on 22-May-24 17:44
How spliced price index came ? What is the formula ?
latest answer
Take each value of old price index from 1990 and divide by 114.2 ( 1995 value ). You will get new values which will match with last column ie splice index number
Bharavi Kothari
CA Foundation
★ 20K+
2
424
Amalgamation
Accountancy
answered on 20-May-24 13:57
How the goodwill of the vendor company should be incorporated in the books of the purchasing company in both the cases in the assets and liabilities taken over journal entry
latest answer
You will calculate goodwill separately and incorporate. If you have any specific question, pls share.
Samuel Sundar
CA Inter
★ 3K+
1
411
Puttable Instrument - Fix to fix test
Financial Reporting
answered on 27-May-24 16:23
I understand that generally Puttable instrument is a FL. But If it fulfils 6 conditions then it becomes Equity. Where as Fix to Fix test is applicable for other type of instruments.can you please make me understand this attached part where you are explaining the fix to fix test of Puttable instrument.
latest answer
This are considered as equity only for limited purposes otherwise entities like mutual funds will not have equity at all.
Chandan Subudhi
CA Final
★ 12K+
3
449
CA INTER VALIDITY 10 YEARS
Exams
answered on 19-May-24 08:50
Sir, 10 years time limit to complete CA inter is for old course students also or only for students registered from 2023?for suppose if some registered in CA course in 2011 they should be dropped from course and becomes ineligible?
latest answer
No....It's from new registration only
Sandeep Gokarakonda
CA Inter
★ 25
1
572
Basic concepts
Direct Taxation
answered on 20-May-24 18:05
Can anyone solve and share the second problem please?
latest answer
Consider Salary Income and also Interest on savings accounts. Take deduction of 80C and Section 80TTA.
Divinne Fiona
CA Inter
★ 9K+
1
424
REDEMPTION OF DEBENTURES
Accountancy
answered on 20-May-24 13:57
WHEN ISSUING DEBENTURES AT PAR AND REDEEMING AT PREMIUM THE ENTRY WILL BE DEBENTURE APPLICATION A/C DR 1000 LOSS ON DEBENTURE AC DR 100 TO DEBENTURE A/C 1000 TO PROVISION FOR 100 PREMIUM ON REDEMPTION OF DEBENTURE A/C FROM WHERE DID THE ADDITIONAL AMOUT OF 100 CAME BECUASE AT ISSUE WE ARE ASKING FOR 1000 ONLY????
latest answer
We asked 1000 But we have to pay back 1100 So extra 100.
Prathmesh Kharul
US CMA All
★ 6K+
2
711
Fixed Lease Payment at 15:10 of this video should be 1,90,000 instead of 1,95,000?
Financial Reporting
answered on 20-May-24 14:38
Sir, in this video, at 15:10, when we are working out the Present Value of the lease payments after Modification at IRR = 5.43%, aren't the Fixed lease payments ₹1,90,000 instead of ₹1,95,000. In this video, though you are changing the Present value Factor, but you have not changed the amount of the Fixed Lease Payment to 1,90,000 from 1,95,000. Shouldn't it be ₹1,90,000? The answer will not change since the % of PV of Lease payments to the Fair Value of the Asset will only come down as a result of the Calculation with 1,90,000 in place of 1,95,000.
latest answer
Issue due to copy-paste. Thanks for highlighting. Will update.
Antara MuraliKrishnan
CA Final
★ 20K+
1
420
Financial statements
Accountancy
answered on 20-May-24 13:59
Suppose a company has different business like sugar manufacturing, aircrafts, soaps. Now, how can company prepare financial statements whether separate financial statements for each business or one financial statement for all businesses.
latest answer
https://www.itcportal.com/investor/pdf/ITC-Financial-Result-Q3-FY2024-sfs.pdf Business specific disclosures are given as per segment reporting requirement. Sample Q3 financial for ITC is attached.
sitaram kollepara
CA Inter
★ 2K+
2
243
Consolidated profit and loss account
Accountancy
answered on 19-May-24 19:08
In solution of these question, why is "production expenses" shown under "cost of raw materials consumed"?
latest answer
Thank you
Safa Saleem
CA Inter
★ 4K+
2
436
same video repeating
Accountancy
answered on 20-May-24 14:33
same video repeating in Framework for choosing Accounting Policies and Funtamental accounting suuptions
latest answer
Both are different videos. Please listen to the full video.
Sandesh
CA Inter
★ 0
1
389