Test Series

answered on 21-Oct-22 17:34

Does Indigo Learn give Test Series on 25% / 50% and 100% of syllabus? Is it possible to custom create test series as per topics chosen by me?

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Pls update your profile name to actual name.

B A

CA Foundation

★ 10

8

332

Sale of partnership firm

answered on 19-Oct-22 10:38

Illustration 2 of icai can anybody explain following things for business purchase account - 1. What is the nature of business purchase account - it is showing debit balance 2. Why are assets not taken over transferred to this account? 3. How can we ascertain that the balancing figure is profit ? 4. Thae firm was taken on in March 2012, and the business purchase account is closed in December 2012 only. Why didnt they make the purchase consideration calculations and settlement entries in March 2012 and kept the busines purchase account open till end of the year?

latest answer

The solution in ICAI material is not intuitive. You can compute profit by comparing assets and liabilities

Lakki Kamu

CA Final

★ 4K+

3

213

Redemption of pref shares

answered on 23-Oct-22 15:51

To write of premium on redemption can we use either securities premium or even general reserve ??

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Can you share the question?

SANSKRITI BADRI 2111339

CA Final

★ 3K+

7

265

Amalgamation

answered on 27-Oct-22 11:33

Situation: Separate value for Goodwill is given & it is Net Payments Method. While comparing Purchase Consideration with the Net Assets, should I include the GW value given, in the Calculation of Net Assets or derive the whole value as a Balancing Figure?

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Thank you!!

Krishna Sankar

CA Inter

★ 370

2

243

Calculation of net profit under section 198

answered on 18-Oct-22 17:16

I need a solution

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Okk

MPR Sanjay Kumar

CA Inter

★ 490

8

886

As12

answered on 18-Oct-22 12:42

Sir Grant received before starting the business, is cr to capital reserve... Here Before starting means.. That particular task or before entire enterprise come into business...?

latest answer

That activity

Divya K

CA Inter

★ 885

1

225

Capital or revenue expenditure?

answered on 18-Oct-22 15:06

Plz explain illustration 11 point (v) why it is revenue expenditure?

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Tq sir :)

KanakaMahaLaxmi Gunisetti

CMA Inter

★ 3K+

5

210

Small Doubt

answered on 18-Oct-22 10:55

Here in illustration 1,i understood whole question but i didn't understand what is that 9% debentures. Here,that 40,00,000Ã?50=20cr, it's clear but what is the purpose of giving that 9%..? Can anyone please help me out.

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It's rate of interest the debenture holder will get at half yearly or at year end ...

Shiva Netha

CA Foundation

★ 12K+

3

318

Banking companies

answered on 18-Oct-22 05:28

In scaner, certain questions are calculated using the latter whereas few are given with the former one....we should prefer only doing former right?

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Study material

Gayathri S Nambiar

CA Final

★ 2K+

2

253

Hire purchase

answered on 05-Jan-23 07:19

Can anyone solve this one , thanks in advance

latest answer

The below pic is also for your reference

Bhuvan Bhaskar

CMA Inter

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4

641