EQUITY SHARES WITH DVR

answered on 05-Apr-23 18:33

IN MAY 22 EXAM QUES 6.B i am not sure about the calculation given by icai in suggested ans.

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thank u sir...

kowselyaa G

CA Inter

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5

334

What is carrying amt in investment accounts

answered on 03-Apr-23 09:17

Explain

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Carrying amount of any asset is the value at which it would be shown in the balance sheet or simply the balance of the asset.

Dhakshana Dhakshana

CFA L2

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314

Foreign exchange

answered on 31-Mar-23 11:40

What is the accounting treatment of Forex gain/ loss on purchase of fixed assests(imported) ?

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Ok

Pushkala S

CA Final

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2

306

Liquidation of Companies

answered on 30-Mar-23 09:59

1. How Rs.140000 computed as balance to be issued in the form of debentures. 2.Why Trade receivables not added in working notes.

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Thank you

Prethivi Rajan

CA Final

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5

360

Amalgamation of companies

answered on 28-Mar-23 23:24

Sir, if question doesn't mention anything about goodwill of selling Co( i.e., in adjustments) , then whether it should be incorporated in the books of purchasing Co or not ? Since in icai study material, illustration 6 is solved without incorporating goodwill of zed ltd in the books of Wye ltd. However in illustration 11 , they have given adjustment regarding goodwill of transferor Co and in solution they have incorporated the goodwill of transferor Co in the books of transferee Co.

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1.Find whether it's amalgamation in nature of merger or amalgamation in nature of Purchase. 2.In case of Merger, Goodwill of selling co should be incorporated at existing carrying amount in the books of purchasing company. 3.In case of purchase, Only Net assets of the selling company is considered , it comes either Capital reserve or Goodwill depend upon the case. So No incorporation of goodwill in purchasing company

Pravin Nesaraj

CA Inter

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351

General question

answered on 29-Mar-23 14:58

If in this question we don't make this table and just write the provision and find the dep, grant to be amortize with calculation....is it sufficient for 5 marks

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Thank you sir

Rifhat Khan

CA Inter

★ 28K+

2

291

AS 11

answered on 29-Mar-23 09:15

Adjustment wil be done for 5 lakh or 75 lakh

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5 lakh at repayment. 70 lakh restatement

Rifhat Khan

CA Inter

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1

246

Directors sitting fees

answered on 28-Mar-23 18:24

How do we treat directors sitting fees in calculation of profit u/s 198

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Deduct from net profit

disha sharma

CA Inter

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259

Insurance claims

answered on 31-Mar-23 14:27

Why in calculation of short sales trend not considered?

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In the first picture also same info given then why have the considered the assumption of no trend? Also for calculating trend we should require 2 financial years but here, there is no complete information regarding 2 financial years, how? Can you please help with this?

Vasu Naidu

CA Inter

★ 0

4

301

Advance account banking chapter in financial statements topic (illustration 2)

answered on 29-Mar-23 20:25

How we interest/discount earned 2297 for current year in illustration 2

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In the question it is given in point (i) that the items are already adjusted so we have to add back those except rebate on bills discounted. 2045+148+92+12=2297. Because those are not related to interest and discount

Hima vamsi Grandhisila

CA Inter

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257