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IRR Rate assumption
Accountancy
answered on 09-Mar-26 10:22
Sir, If we had assumed 15% initially, then PV of MLP would've been less than FV of the asset, Then we would've considered 2L only.The also in Iease schedule Table, We would've gotten the Closing balance higher than GRV. Then also we had to re calculate the rate, right?? Here you mentioned it Only if FV of the Asset is less than the PV of MLP. then only we have to compute new rate. [Video Time Stamp: 12:47]
latest answer
We take lower of PV of MLP and FV. So if PV of MLP is less than FV, then we will consider PV and not Fairvalue.
Jagadeesh Jaidev
CA Inter
★ 645
1
89
BRS
Accountancy
answered on 09-Mar-26 10:35
Hi sir, I have understood the concept of arriving from cash book balance to passbook balance and vice versa. For OD as per CB it means we have liability to the bank. For items which increases the od balance we need to add them and which reduces we need to reduce . Is my understanding correct . Or can I simply follow the process of pass book credit balance is equal to overdraft as per cb ( but may I know what’s the logic behind this )
latest answer
Whenever there is a OD balance use (-) symbol against the balance. Rest all treatment would be same. https://youtu.be/hnv460u1v4w This short recap might help.
Aravind V
CA Foundation
★ 0
1
91
BRANCH ACCOUNTS - INDEPENDENT BRANCH
Accountancy
answered on 10-Mar-26 15:08
In independent branches , where will be remove the loaded value of opening & closing stock . Whether it will be in BR p&l or HO p&l or general p&l
latest answer
Ho pnl
sankar saran
CA Inter
★ 10
2
138
Rectification of errors
Accountancy
answered on 06-Mar-26 21:37
Hi sir , I have a question about a particular entry. Credit sales to A rs 500 omitted to be posted. Does this mean in the sales book we have recorded 500 and but Not to A . So we pass an entry A ac debit to suspense ac . Is my understanding correct sir
latest answer
Thank you sir
Aravind V
CA Foundation
★ 0
2
94
Guaranteed Residual Value
Accountancy
answered on 02-Mar-26 17:18
Sir, You said that Any maintainance costs given by lessee to lessor at end of lease term also forms the part of GRV, Does it apply only if Lessee purchase the asset at End of Lease term?? [Video Time Stamp: 18:27]
latest answer
No. Even if not purchased or purchased by third party
Jagadeesh Jaidev
CA Inter
★ 645
1
89
Minimum lease payment
Accountancy
answered on 05-Mar-26 15:37
Sir, For Lessor, If any Residual Value Guaranteed by a third party, Won't that amount be manipulated by Lessor(Lessor may Inflate the RV)and be different from the actual ?? OR is MLP different for Lesse and Lessor,?? If so, Then which one should we consider?? Does it form the part of the Lease Agreement?? [Video Time Stamp: 18:26]
latest answer
The lease agreement contains the rental schedule, residual value clause, guarantee details, etc. From those terms, accountants derive MLP separately for lessor and lessee books. So MLP is a derived figure for accounting entries not a term written in the contract.
Jagadeesh Jaidev
CA Inter
★ 645
5
98
AS 7
Accountancy
answered on 05-Mar-26 10:35
Sir, why has interest for 9 months included in cost of construction when it was specifically mentioned for 8 months and also as per AS 7 and 16, it should be considered for that period only where construction is in progress?
latest answer
ICAI has not been consistent in treatment of such questions. The number of months depends on assumption.
Rahul Anand
CA Inter
★ 6K+
1
84
AS 19
Accountancy
answered on 28-Feb-26 19:22
What will be the answer to this rtp mcq
latest answer
ok Sir.
Rahul Anand
CA Inter
★ 6K+
2
81
Illustration 6
Accountancy
answered on 28-Feb-26 06:16
Sir, In the Questions its mentioned that there will be no FEB in year 4, Why did we charge 3rd year amortization cost(30L) too along with the 4h year's 15L?? [Video Time Stamp: 16:20]
latest answer
Because no benefit in year 4. So all benefits exhausted in year 3. Hence entire amount written off.
Jagadeesh Jaidev
CA Inter
★ 645
1
60
Excess of carrying amount
Accountancy
answered on 27-Feb-26 16:50
Sir, This part I am not able to understand, Can u explain with an example??
latest answer
Say after adding interest the value of PPE becomes 1,10,000 Actual recoverable amount of PPE (like we have NRV in case of inventory- you will understand it in AS 28) is only 1,05,000 The PPE should be shown at 105000 only. So capitalisation will be restricted to 105000
Jagadeesh Jaidev
CA Inter
★ 645
1
86