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Live Learning Classes (ICAI)
Others
answered on 21-Oct-23 11:43
I am attending the lectures provided by ICAI, in the BOS app only certain notes are visible. How can I contact ICAI for this concern?
latest answer
Okay 👍
Soon to be CA
CA Inter
★ 4K+
6
608
Financial Instruments
Financial Reporting
answered on 25-Oct-23 15:28
Page 12.195 Illustration 2 of ICAI study material A Limited issues Rs 1 crore convertible bonds on 1 July 20X1. The bonds have a life of eight years and face value of Rs 10 each. Here my clarification is date of issue is 1st July so any adjustment is required for uncovered period 1 April 20X1 to 30 June 20X1
latest answer
IT depends on the financial year end. Generally in exams questions are asked considering full year.
swaminathan sundaram
CA Final
★ 110
1
528
Financial instruments
Financial Reporting
answered on 27-Oct-23 15:57
Page 12.208 Question 1 As part of staff welfare measures, Y Co Ltd has contracted to lend to its employees sums of money @ 5% per annum rate of interest. Solution is given in page 12.211 Mathematical part I can understand. Regarding journal entry the below journal entries are passed at the end of year 31 December 20X1 Staff loan Debit 140627 To interest expense 140627 (This is income Am I correct) Staff cost 38746 To Prepaid expense 38746 Bank A/c Debit 400000 To Staff Loan A/c Credit 400000 is this entry correct
latest answer
Yes
swaminathan sundaram
CA Final
★ 110
1
547
Cost of capital
Financial Management
answered on 27-Oct-23 14:16
In the 4th question, they have given Market price for debentures and preference shares. But they have considered face value as net proceeds instead of taking MP. Why?
latest answer
Please note this and make it a standard practice: If the question asks to compute Ko based on BV compute based on BVs only.. If the question asks to compute Ko based on MV compute based on MVs only.. And, If the question asks to compute Ko based on both BV & MV.. you will anyway choose the weights of BV for BV computation and the weights of MV for MV computation But, for the computation of specific costs use MVs for both and mention a note in BV computation saying that “Alternatively specific costs may be computed based on BV for which the results might differ”
Nivedha Balaji
CA Final
★ 9K+
6
508
Cost of capital - Retained Earnings
Financial Management
answered on 20-Oct-23 23:01
If both Issue price and Market price are given, which price we should consider?
latest answer
Issue price for what? Can you please elaborate your doubt here
Nivedha Balaji
CA Final
★ 9K+
1
433
Renting of residential dwelling
Indirect Taxation
answered on 20-Oct-23 19:17
It's relevant that residential dwelling is for business purpose or not ?
latest answer
Thanks :)
Mehak K
CA Final
★ 3K+
6
597
Meaning of Small Company
Corporate & Other Laws
answered on 27-Oct-23 09:50
Please share full clarity of small company meaning for november 2023 examination.
latest answer
Thanks!
Yashwant Kushwaha
CA Inter
★ 560
5
774
Company Audit
Auditing
answered on 24-Oct-23 14:36
Pls share the answer of the total borrowings. When I take only fd not overdraft then I get ans 121L. But here they are saying take only extra amount of fd
latest answer
Doesn't matter wether it's backed by fd or not, all loans should be taken the answer is 121 just don't take the bills discounted and don't consider wether the loan is backed by fd
Renu Madhav
CA Inter
★ 16K+
7
468
Material to be used
Strategic Management
answered on 22-Oct-23 09:32
I purchased the sm course now.The material provided along with the class is enough for the exams right?
latest answer
Thank you both❤️
nitheesh anandan
CA Final
★ 3K+
3
526
CA foundation preparation
Others
answered on 20-Oct-23 14:22
I'm starting from today from watching class can I pass out the exam in December 23
latest answer
Chap 4 , 6 or 7 , 18 , 9,10,11,12, 13 ,14 carries approx 50 - 60 marks first sm questions after or simultaneously Chap 4,6,9,10,11,12,13,18 pyq practice. Atleast 2 revision needed .it's my chap preference you may consider... Chapters time may need 2 4days 6 or 7 5days 9,10,11,12 7days 13 2 days 14 7days 18 3days Total 28+2 gracedays (proper exam oriented note taking for faster revision) Revision can takes 20-25 days 3-4 hrs daily practice
Sonia
CA Foundation
★ 0
5
488