Forums
National Income Accounting
Economics
answered on 20-Oct-23 14:58
whether savings of non departmental enterprises of govt sector or all sectors will be substracted while calculating private income?
latest answer
Savings of non-departmental enterprises of the government sector are not subtracted when calculating private income. Instead, the adjustments made to the national income to arrive at private income focus on specific components related to transfer payments and other factors as mentioned in the formula for the same.
BETSY P JOY
CA Final
★ 460
1
503
PGBP
Direct Taxation
answered on 19-Oct-23 16:59
Ye depreciation ka sum solve keshe karna hai?
latest answer
Check this. New study material question hey yeh
Tisha Modi
CA Inter
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662
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
395
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
517
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
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1
390
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
544
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
448
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
522
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
585
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
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2
738