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audit of items of FS
Auditing
asked on 05-Mar-24 06:11
as per example in vid,if gds dispatched before 31/3,and invoice after that date,to be included in trade receivables.But how come for bill and hold sales,the same must be recorded as sales although only invoice or bill made with no dispatch?Does trade receivables depend on invoice or dispatch ?
latest answer
No answers yet!!
SANSKRITI BADRI 2111339
CA Final
★ 4K+
0
186
Ind as 36
Financial Reporting
answered on 05-Mar-24 12:53
General doubt : sir impairment is to be done at year or any time during the year . what I mean Is, due to fire accident in the middle of the year ,machinary may be impaired when will test for impairment . we have wait up to year end or immediately after indicator we can proceed with impairment test
latest answer
You can do during the year also if it resultant out of fire
Ravi Teja
CA Final
★ 20
1
303
IND AS 19 - ILLUSN 12
Financial Reporting
answered on 20-Mar-24 20:06
Sugg ans given by ICAI is different, can u pls check (sugg ans seems incorrect) - For short term compensating expenses: Diana. Ltd. will recognise a liability in its books to the extent of 5 days of PL for 1,000 employees and 10 days of PL for remaining 2,000 employees and 2 days of SL for 1,000 employees and 5 days of SL for remaining 2,000 employees in its books as an unused entitlement that has accumulated in 2017-2018.
latest answer
I read this question 3-4 times again and the wording in the question has been given incorrectly. A classic case of poor question drafting. What ICAI intends to say is that those many leaves will be carried forward to the next year and they have solved accordingly. I will update this illustration and modify the question suitably. Thanks for bringing another perspective.
Priyanka Udeshi
CFA L1
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5
217
Construction contract
Accountancy
answered on 07-Mar-24 08:35
1fin materials does not contain all the illustrations explained in videos and illustrations of icai materials also.
latest answer
Can you please let me know which illustration is missed in notes?
sitaram kollepara
CA Inter
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1
170
I'll 18
AFM
answered on 05-Mar-24 13:39
Sir why the adverse variance 2.5 % we increase in cash outflow and fc but decrease in cost and sp unit solds
latest answer
Understood sir
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
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2
314
Replacement of turbine in Illustration- 8 Pg no: 6.73
Financial Reporting
answered on 05-Mar-24 22:14
Sir If we know the turbine requires replacement at the end of 6 years, why the useful life is 10 years?
latest answer
Ok sir Thank you
DIVYA S
CA Final
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3
204
Related party
Accountancy
answered on 04-Mar-24 21:40
A.Ltd owns 90%in B Ltd BLtd owns 25% in C Ltd Is ALtd and C Ltd related parties??
latest answer
Yes
Krishnan K
CA Inter
★ 5K+
2
308
I'll 17
AFM
answered on 05-Mar-24 13:47
Sir in formula sheet pv of cash inflow we computed as alpha *net cash flow/rate . Why we 1st adjusting discount then adjust alpha why can't how we do probability*cash flow then discount we can't do
latest answer
Yeah fine
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
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7
348
NCI
Financial Reporting
answered on 04-Mar-24 19:54
Sir, there is no need to calculate the NCI portion in the case revere aquisition
latest answer
All shares are acquired.
Lekkala VishnuVardhan Reddy
CA Final
★ 2K+
1
184
Surcharges
Direct Taxation
answered on 07-Mar-24 15:13
When surcharges need to add sir
latest answer
If Total Income (Excluding agricultural income) exceeds 50 lakhs.
Lavanya royal Lovely
CA Inter
★ 150
1
170