Forums
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
551
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
513
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
437
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
606
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
785
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
473
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
531
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
491
In employee cost effective hourly rate
Costing
answered on 20-Oct-23 13:36
While caluclating effective hours worked,whether we have to deduct normal idle time hours or total idle time hours to deduct from actual hours available to work
latest answer
Normal idle hours and leaves should be deducted in short only normal and not abnormal
OMKAR REDDY
CA Inter
★ 6K+
1
567
Performance Materiality
Auditing
answered on 24-Oct-23 14:38
Can some one explain performance Materiality in simple terms
latest answer
Ok. Thank you for clarifying 😊
Soon to be CA
CA Inter
★ 4K+
7
679