Doubt

answered on 18-Apr-22 08:44

When dividend is declared for 31/3/2019 will bonus shares issued on September of 2019 be entitled to dividend ??

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Please share your answer.

Sri kanaga Varshini

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Repossession

answered on 16-Apr-22 17:43

In the question, they gave that the vendor took the 2 tempos against the amount due Why did we again pay him the amount of 41638 to him for the 3rd instalment for one tempo left with us

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Thanks for sharing sir

mani charan

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Advance accounts

answered on 16-Apr-22 17:31

In IRS.. even if not mentioned, which are the balances that should be written off..

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Can you please post it as a separate query?

Priyanka Agrawal

CA Inter

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Depreciation on hire purchase asset

answered on 16-Apr-22 13:42

Pls explain the MCQ attached. What is meant by claim of depreciation? Under repossession there will be a mutually agreed rate at which asset is depreciated. Why the answer is not option c ?

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The answer is hire purchaser

Sibi Srinivasan

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AS 13

answered on 15-Apr-22 11:47

In AS 13 scope, it is mentioned that this standard is not applicable for Mutual funds. But , In dec exam, there is a question pertaining to mutual funds investment. In suggested answers, they have treated it as investment and proceeded. whether should i consider it as investment or not ? anyone

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It is not applicable for Mutual Fund accounting i.e when a mutual fund prepares its accounts. But when an entity purchases mutual funds units then itâ??s applicable

vs navin

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Doubt

answered on 15-Apr-22 17:41

In this question they had taken depreciation in trading a/c instead of profit and loss account. They have given the valid reason for it in suggested answer But if I charge depreciation on profit and loss account I got different answer Will they provide Mark's If depreciation is charged on p&l .. becoz it is odd to charge dep on p&l ..

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Thank u

Sri kanaga Varshini

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Advance accounts

answered on 15-Apr-22 20:37

When we transfer nominal value of buy back shares to CRR out of FR.. is their any sequence of FR to be used..

latest answer

Ok .. thanku

Priyanka Agrawal

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IND AS 21

answered on 15-Apr-22 09:32

In example 3, Why to reclassify full amount to p&l, even the parent has some insignificant control over subsidiary

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Once control is lost, it is considered as disposed.

Chandu vadla

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Insurance claims

answered on 13-May-22 10:17

Iam not able to understand this step in ill8 of chap10 regarding the adjusted annual turnover.pls help me

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Actually, trend is not given here,thts the problem We cannot compare 2 affected periods turnover to compute trend (as icai did in this sum) Solving this sum without trend gives u the same answer

Anirudh gupta

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Calculation of short sale

answered on 15-Apr-22 17:37

In illustration 8 of icai material ,the short sale in directly given ,and there is no mention of any trend ,but they have adjusted the short sale ,considering the the reduction in turnover is completely in the first 3 months Can anyone explain this pls ,or there is any mistake in the material

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Thank you so much for the answer sir

mani charan

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