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115BAC
Direct Taxation
answered on 20-Oct-23 11:53
115BAC me konse expenditure allow nahi hote?
latest answer
Can you be more specific in your question
Tisha Modi
CA Inter
★ 2K+
1
343
Cost of capital
Financial Management
answered on 19-Oct-23 11:07
In illustration - 3, they have given both Issue price and market price for redeemable debentures. But they have taken market price as net proceeds and not Issue price. Why?
latest answer
Issue Price is not given hence it is equal to market value. Also, no flotation cost means an Issue Price = Net Proceeds.
Nivedha Balaji
CA Final
★ 9K+
5
430
AS 18
Accountancy
answered on 19-Oct-23 11:07
In this question, R ltd hold 10% shares directly and 15% shares indirectly through subsidiary S ltd in T ltd. It means R ltd has significant influence (25%) on T ltd hence related party under para 3(b). 👉ICAI solution 10% directly + 9% indirectly ( 60% of 15%) =19% Hence no significant influence, not related party, no disclosure. Also T ltd is listed company it means AS is not applicable. How to approach this question ❓
latest answer
Ignore the listing company aspect. Also there is a significant inflence because R ltd can decide what S ltd votes for in T ltd.
Jitendra Kumar
CA Final
★ 41K+
1
338
Financial Instruments
Financial Reporting
answered on 19-Oct-23 08:28
Page 12.193 of ICAI study material Illustration 1 A Ltd issued redeemable preference shares to a Holding company. In this problem Loan component is 56742686 investment in subsidiary is 43257314 Investment in equity portion is debited for Rs 43257314 after 5 years when shares are redeemed this account should be closed but when I prepare ledger account at the end of year 31 March 20X6 this account is not closed. Similarly my loan receivable is not closed. Any further entries I have to pass??
latest answer
Yes
swaminathan sundaram
CA Final
★ 110
3
405
Financial instruments
Financial Reporting
answered on 19-Oct-23 13:35
Page 12.83 Illustration 42 of ICAI study material After calculation of loss allowance I am passing the below JV Bad debts Debit Rs 1250 To Provision for bad debts Credit Rs 1250 Hope this is correct. No further entries are required
latest answer
Yes
swaminathan sundaram
CA Final
★ 110
1
356
Depreciation - Subsequent Year - Ready to Use
Direct Taxation
answered on 19-Oct-23 06:39
Mr A purchased a Plant & Machinery on 1st Jan 2023 and ready to use. On 31st Mar 2023 we can claim half year depreciation as it is less than 180 days. Question this Asset is single Asset in a block and the Asset is sold on 2nd April 2023. Can we claim full year depreciation for the assest as it is ready to use and subsequent year after 1 day the sale happened?
latest answer
Thanks for the reply 👍
Liju K Nair
CA Inter
★ 4K+
2
407
Discount on issue of debenture
Accountancy
answered on 19-Oct-23 13:44
Why does discount on issue of debentures not written off opening balance has shown on debit side why not on credit side
latest answer
Thank you sir
KOWTICA VIKAS
CA Inter
★ 85
2
502
MCQ
Information Systems
answered on 21-Oct-23 12:11
Pls explain why my ans is incorrect?
latest answer
Thank you sir
Neha Baliga
CA Inter
★ 16K+
2
591
National income
Economics
answered on 19-Oct-23 09:09
state the method which is considered the most suitable for measurement of National Income of the developed economies.
latest answer
Income method, Because in developed countries literacy is high. And data related to incomes is easily available.
C ANNBU PALANIAPPAN
CA Inter
★ 5K+
2
406
3 sector model
Economics
answered on 20-Oct-23 12:37
Is the equilibrium output and income Y is same in three sector model. So many questions answered in this way. Please help me in this regard
latest answer
Yes, in the three-sector model, equilibrium output Y Y is the same as equilibrium income. They equate when total expenditures match the total output of the economy. the term "output" often refers to the production of goods and services, while "income" refers to the earnings generated from that production. In a basic economic model, the total production (output) of an economy will equal the total expenditure or the total income earned by factors of production (like labor and capital). This equality forms the foundation of the national income accounting identity.
Gayathri K V
CA Inter
★ 13K+
3
1K+