buy back

answered on 17-Jan-25 10:28

will paid up capital of preference shares be included in resources test

latest answer

yes

Anirudh Srinivassan N

CA Inter

★ 2K+

1

80

Intangible assets

answered on 09-Jan-25 08:49

Ans is b ...how ? Method? As - 26

latest answer

It should be amortised using a systematic basis reflecting pattern of consumption of economic benefits. So 35% * 5,00,000 = 1,75,000

Lucky Ten

CA Inter

★ 0

2

81

Buy Back of Shares

answered on 08-Jan-25 07:34

Do we have to consider Current liabilities also for calculating debt:equity while checking But Back conditions? In some solutions they have considered and in some they haven't. So please do confirm.

latest answer

Yeah. Thank you Sir 😊

Shridhara H U

CA Inter

★ 550

4

102

BRS

answered on 27-Jan-25 22:44

I didn't understand the 7th adjustment, is the bank account increased by 7,40,000 or reduced ?

latest answer

Sorry, WRONG DEBIT TO THE PASS BOOK

Vinitha P

CA Foundation

★ 0

4

933

Employee benefits

answered on 06-Jan-25 14:01

How multi employer plan is working instead of they give fund to outsiders they pool such funds together and giving benefits at time of employees retirement?

latest answer

They pool fund together and can have a single trust managing them. Say for e.g Tata Trust (hypothetical). manages PF of Tata Motors, Tata Consultancy, Tata Steel etc.

Dhivakar27

CA Inter

★ 240

1

613

Consolidated financial stt

answered on 09-Jan-25 11:43

In ur example cost of control and minority interest working Note why don't u take Esc and p&l both If u take both in subsidiary u got 70000 instead of 50000 80%(70000) for capital reserve and 20%(70000) for MI calculation will do But u do it with 80%(50000)

latest answer

We need to separate P&L since it is mid year acquisition. And hence done separately.

dhivya annam

CA Inter

★ 1K+

4

84

AS 5

answered on 02-Jan-25 07:47

A company initially assumed that it would not continue as a going concern and prepared its financial statements using the NRV basis for a FY but later in the next FY the assumption changes and it is confirmed that the company will continue as a going concern. In this case, is this a change in accounting estimate or change in accounting policy?

latest answer

Estimate

Sharon M Jacob

CA Inter

★ 1K+

1

505

need explanation for mcc

answered on 03-Jan-25 14:36

what is the logic behind 4th mcq given ichi material book back

latest answer

Amount after adding borrowing cost should not be more than the realisable value.

Chaaru Rakshanaa

CA Inter

★ 1K+

1

50

Illustration -1

answered on 31-Dec-24 11:09

In the ICAI books In the notes to account there is no other current liability in the balance sheet because they don't take the final dividend in Reserve and Surplus. for why? but in our classes you show the final dividend both other current liabilities and reserve and surplus. which method should followed sir?

latest answer

ok sir

bharathipriya

CA Inter

★ 3K+

2

46

Consolidation

answered on 29-Dec-24 13:09

Sir in consolidation of financial statements in case of treatment of unrealized profit the share of H LTD will be reduced from the consolidated profit and loss and the share of minority interest will be reduced from minority interest or else the whole unrealized profit should be reduced from consolidated profit and loss?

latest answer

If sold by Holding 100% from holding. If sold by Sub - remove from post acquisition profits. So both Holding and Minority gets adjusted.

VENKATA SAI KRISHNAKANTH

CA Inter

★ 410

1

475