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CA Final - Split between Theory and Problem Oriented Computation based MCQs
Financial Reporting
answered on 26-Jan-24 08:54
Dear Sirs, Clarifications required on MCQs in FR and AFM. 1. Will the entire 30 marks be based on Case study or single MCQs will also be questioned in FR and AFM. In Auditing, previously there used to be both single MCQs and case study based MCQs. 2. If there are going to be computation based MCQs in FR and AFM, then the balance 70 marks might contain a very few Ind AS and other Theory based questions in FR and similarly concept based questions in AFM. 3. However, if there are going to be more Theory based MCQs, then the balance 70 marks might not have that many Theory questions. Would be great if you could also gather some information on this, Sirs.
latest answer
Okay, thanks Sir.
Dheebhan Mahalingam T
CA Final
★ 21K+
2
486
Plse tell me the last due date
Exams
answered on 23-Jan-24 11:36
Iam a old existing schem of CA inter ,so what is the Due date to convert to new scheme Applicable may 24??
latest answer
welcome
MPR Sanjay Kumar
CA Inter
★ 530
3
389
SMALL MISTAKE IN CONTENT OF THE VIDEO
Direct Taxation
answered on 23-Jan-24 09:00
I I'm writing to bring your attention to a small issue I encountered while watching one of the video lectures on our course platform. The Video No:31 in the topic of salaries, Time Stamp (12:54).It appears there might be a mistake in the content presented in the video. The video content states that 7.5% Of Salary but sir is telling 15% of salary or actual hire charges whichever is lower. I have also referred the study materials content shown in video is inapporiate. I believe this could potentially lead to confusion for other students who are relying on these lectures for their understanding of the topic. I thought it would be helpful to bring this to your attention so that it can be addressed and corrected. Please let me know if my understanding is incorrect or if there's something I've missed. I appreciate all the effort you put into these lectures and I'm really enjoying the course so far. Thank you for your time and consideration.
latest answer
Thankyou. We will rectify it.
STEPHENRAJ MESSACH
CA Inter
★ 14K+
1
176
SMALL MISTAKE IN CONTENT PRESENTED
Direct Taxation
answered on 23-Jan-24 09:02
I hope this message finds you well. I'm writing to bring your attention to a small issue I encountered while watching one of the video lectures on our course platform. The Video No:31 in the topic of salaries Time Stamp (11.04).It appears there might be a mistake in the content presented in the video. The lecture states that DP Instead of Showing DA.I believe this could potentially lead to confusion for other students who are relying on these lectures for their understanding of the topic. I thought it would be helpful to bring this to your attention so that it can be addressed and corrected. Please let me know if my understanding is incorrect or if there's something I've missed. I appreciate all the effort you put into these lectures and I'm really enjoying the course so far. Thank you for your time and consideration.
latest answer
Thankyou for bringing it to our attention. We will rectify it.
STEPHENRAJ MESSACH
CA Inter
★ 14K+
1
169
Capital gain
Direct Taxation
answered on 24-Jan-24 21:23
Got bonus share on 1/7/2017 5000rs Sold 23-24 at 12000rs Will 5000rs get indexation benefit ? Why 12000rs is not capital gain fully and we deduct a cost that’s not incurred
latest answer
Don't worry you won't come across such problems where bonus shares issued before 1.4.01..just ignore Know what is STCA and LTCA ..when indexation applicable and different tax rates under 111 and 112 , 112 ..which section applies when First build strong based then slowly move to advanced thinking without any confusion
Sushmita Chowdhury
CA Inter
★ 2K+
14
514
Foreign exchange definition/meaning
Corporate & Other Laws
answered on 27-Jan-24 08:28
Why did they include deposits n other credit payable in foreign currency, AND drafts ,BOE etc drawn in one currency and payable in other, in the definition of foreign exchange? Because when we say we have forex reserves, having foreign currency makes sense (that we can call it a reserve, like something positive) but how can we call foreign loans or drafts payable in foreign currency as our reserves ? Is it positive in that sense?
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When entities hold deposits or have credit payables in foreign currency, these are considered as part of foreign exchange because they represent financial assets or liabilities denominated in a currency other than the domestic one. Foreign exchange reserves are not limited to foreign currency only, they include all the financial assets which are denominated in foreign currency.
Garima Bhargava
CA Inter
★ 185
1
424
Discounting Rate
AFM
answered on 23-Jan-24 10:55
[Timestamp @ 10:12] Sir, are there any cases where the yield of one bond in the portfolio differs from that of the other bond? If such cases exist, then which discount rate (i.e., the yield of which bond in the portfolio) has to be chosen to arrive at the PV of the investment? Thank you.
latest answer
Yields differ because of maturity and credit rating. In all our problems we usually assume credit rating is same. You should choose the yield a bond whose maturity is same as investment , as discount rate for investment
Denz Philip
CA Final
★ 10K+
1
198
Amalgamation
Accountancy
answered on 23-Jan-24 10:24
In realisation account why we haven't take debentures and loan from A. And taken trade payable?
latest answer
In the question it is said that the transfor company transferred only trade payable. So It got assumed that other liabilities got settled by transfor itself not taken over by buying company.
Abhishek Sahu
CA Inter
★ 1K+
1
341
Capital gain
Direct Taxation
answered on 23-Jan-24 18:47
Please only explain the highlights (iii) (v) wrt amalgamation & demerger respectively, in context with share holders holding less than 75% of the shares
latest answer
Thank you so much
Sushmita Chowdhury
CA Inter
★ 2K+
2
501
Question from Chapter Investment decision
Financial Management
answered on 23-Jan-24 14:39
Illustration No: 25 Sir, while computing IRR , from PVIF @20% we got the answer negative Rs.15,250. But still you compute CF using another Interest factor I.e, PVIF @15% and got the IRR as 17.6%. But I did the solution just compare with PVIF @ 10% and 20% only and answer comes to 17.78% as IRR. There is a slight difference in answer that is 0.18% . Is it correct ? Can we do so ?
latest answer
The upper and lower bounds should be as close as possible you cannot do 10 and 20; you have to be closer.
Sindhu H M
CA Inter
★ 1K+
1
316