as-2

answered on 19-Nov-24 07:08

whay the commission payable is not reduced ?

latest answer

NRV is already given

Gokul N. K

CA Inter

★ 0

1

320

illustration 4

answered on 20-Nov-24 10:56

in this question the first 2 points of additional information not given in our study material and it not shown in 2022 studymaterial also.

latest answer

We have covered the solution including those two points.

Priya Nair

CA Inter

★ 220

1

32

Illustration 8

answered on 18-Nov-24 16:42

In the exam Can we present values in Full?

latest answer

Yes.

Shivashankar Jawai

CA Inter

★ 2K+

1

251

Buyback

answered on 18-Nov-24 16:43

Tell the entry for the following questions

latest answer

Which entry do you have a doubt in?

Bhavika Rathi

CA Foundation

★ 2K+

1

217

Balance with govt. authorities

answered on 15-Nov-24 17:03

Should we include balances with govt. authorities like GST input, prepaid taxes, under the head Other current assets or Short term loans and advances (asset)

latest answer

Others. Loans and advances are for loans or advances given.

Jaswanth P

CA Final

★ 0

1

218

AS-11

answered on 13-Nov-24 19:20

Can anyone explain the depreciation part in this question

latest answer

The cost has not been given directly. It has been implicitly given as 3000L since the Loan was for 3000L, and the PPE was fully financed by the Loan Then we add the exchange loss to cost of PPE because they've exercised the option to capitalise exchange differences arising from a Long Term Monetary Item, which amounts to 100L Depreciation is thus calculated on 3100L

Gokul N. K

CA Inter

★ 0

1

200

Preparation of financial statement

answered on 12-Nov-24 08:41

Changes in closing and opening wip why?

latest answer

What is your doubt?

Dharshana Rajkumar

CA Inter

★ 2K+

1

183

Entity

answered on 12-Nov-24 08:30

What does level 1entity means?

latest answer

Level I entities are large size entities (i) Entities whose securities are listed or are in the process of listing on any stock exchange, whether in India or outside India. (ii) Banks (including co-operative banks), financial institutions or entities carrying on insurance business. (iii) All entities engaged in commercial, industrial or business activities, whose turnover (excluding other income) exceeds rupees two-fifty crore in the immediately preceding accounting year. (iv) All entities engaged in commercial, industrial or business activities having borrowings (including public deposits) in excess of rupees fifty crore at any time during the immediately preceding accounting year. (v) Holding and subsidiary entities of any one of the above.

Kaaviya Priya

CA Inter

★ 890

1

42

Syllabus covered

answered on 12-Nov-24 08:33

"I have questions regarding the syllabus. AS 19 was not included in my syllabus but was covered in the CMA Inter Financial Accounting topics. Could you please let me know which topics covered are not part of the CMA Institute material? Additionally, for the topics covered, could you clarify which sections in the CMA Institute books they apply to? Thank you, and I request that you provide these details."

latest answer

AS 19 Leases is covered in CMA Inter as Lease Accounting.All the topics that we teach are covered in CMA material.

Kathiravan Arunagiri

CMA Inter

★ 0

1

46

Preparation of financial statements of companies - illustration 4

answered on 15-Nov-24 17:10

Hi sir / madam My doubt is why balance amount of current year profit and loss of 1,42,500 (after deduction of dividend of preference shares i.e 3,00,000 - 157500) is not considered while calculation in condition II . [But the current year profit was considered for condition II in the example which was given in previous video but not considered in this video]

latest answer

We need to check balances as per latest audited balance sheet i.e. previous year.

Nagachaitanya Nomula

CA Inter

★ 4K+

1

71