Forums
Internal reconstruction
Accountancy
answered on 07-Mar-24 10:54
In this case why the answer is D ?? What is the correct journal entry ??
latest answer
Ok, Thank you sir
Code X
CA Final
★ 960
2
253
IND AS 19_Plan Assets
Financial Reporting
answered on 10-Mar-24 13:14
In General, interest will computed on the opening balance of the Plan assets to compute the Interest income. If in case any new investment/ investment made to plan assets, interest to be computed on new Contributions for the balance period, Kindly clarify the interest computation treatment for the Plan assets if in case of the benefits paid during the period. For example - FY 23-24 Opening balance 10 Lakhs, Contributions to plan assets - 2 lakhs in Jan 1, 2024, Benefits paid - 5 lakhs in July 1, 2023, Kindly Clarify the interest computation and treatment for the above scenario.
latest answer
The estimated return on plan assets is computed on opening balance with the expected rate of return. The actual return on contributions made & the opening balance is computed separately. The difference between actual return and expected return is accumulated in OCI.
Chaitanya Sai Gupta
CA Final
★ 4K+
1
191
IND AS _ Actuarial assumptions
Financial Reporting
answered on 11-Mar-24 10:41
Sir, Kindly explain the difference between demographic and Experience adjustments. What are all will be covered in experience adjustments assumptions.
latest answer
Demographic adjustment - related to population. Say life expectancy increases. Experience adjustment is the variation or difference between what was expected vs what actually happened.
Chaitanya Sai Gupta
CA Final
★ 4K+
1
139
GCA, 1897
Corporate & Other Laws
answered on 06-Mar-24 14:42
Section 23 of GCA : MAKING OF RULE OR BYE-LAW AFTER PREVIOUS PUBLICATIONS. Please explain it in detailed layman language but not in law language And also give a case scenario based on the above context.
latest answer
Sorry i can't get your intention of the message?
Sai Akash rockster
CA Inter
★ 5
6
340
Interest Cost Doubt
AFM
answered on 06-Mar-24 17:02
Dear sir, The Outflow to the customer @ 65.4 is on 30.11.2024 and the Inflow from the Spot sell rate @ 65.22 is on 31.11.2024. Why are we calculating Interest for 31 days? Also, we are passing on the loss of 22000 to the customer (Our outflow is reduced by the loss of 22000 from 6540000) on 30.11.2024 so why Bank is actually charging Interest to the customer.
latest answer
Because it is on early utilization of funds being forced by customer and not on its own will
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
10
316
AS 16
Accountancy
answered on 07-Mar-24 12:08
Hi Sir, Foriegn exchange part is quiet complicated. The initial dates rate of forex or ind value can be compared with the last date forex and ind value respectively . 1)Why should they compare last dates forex value with initial dates ind value? 2)Does it give any idea of how much the company could have saved ? 3)On what idea basis this AS has been formulated? 4)How to know full details of this standard like the way the standards have been formulated? 5)Where to study them for time being please clarify me the doubt on how to understand such sums? “Requesting to answer all the questions s.no wise”
latest answer
Okay Thank You Sir
Cucuberry
CA Inter
★ 0
2
235
I'll 20 part 3
AFM
answered on 06-Mar-24 20:26
sir perfectly dependent overtime all years is worst right ? And independent overtime it's may in 2nd year best anything is possible then y we took .3 only y can't we take .3 *.5*.2 like mix of these values in worst case
latest answer
perfectly dependent means if first year is worse all 3 years are worse
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
3
287
As 27
Accountancy
answered on 07-Mar-24 08:31
Is my understanding correct sir??
latest answer
Thank you sir
Krishnan K
CA Inter
★ 5K+
3
299
Meaning of remote in as29
Accountancy
answered on 05-Mar-24 20:46
Embodying economic benefits is remote
latest answer
Ok sir thank you
MONIKAA RAMESHKUMAR
CA Inter
★ 710
4
505
Derivative valuation -Futures
AFM
answered on 06-Mar-24 10:02
For calculating Theoretical Minimum price which method should be used sir 1) Spot price + Carrying cost - Dividend Or 2) Discounting the Forward Price through epsilon..
latest answer
Need not do so much activity . if e is not given ignore that method
M Naresh
CA Final
★ 3K+
6
298