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revaluation of asset given

Financial Reporting

answered on 09-Mar-26 11:37

instead of revaluing the new asset later can i revalue the old asset i.e rs. 2000 to 5000 at the time of exchange and show the new asset it an increased price ? [Video Time Stamp: 03:29]

latest answer

If the entity is following revaluation model, it can be done. Please note that revaluation is to be done for entire asset is a particular class.

Niranjan Bhat

Niranjan Bhat

CA Final

10K+

1

125

cfa official material

CFA

answered on 05-Mar-26 18:29

sir where can i found cfa institute official questions ... [Video Time Stamp: 01:02:57]

latest answer

In cfa e books or physical material that u will get access to when u enroll for exam on cfa website

Sai Kiran

Sai Kiran

CFA L1

5

1

145

excel

CFA

answered on 05-Mar-26 18:30

sir you are using excel sheet for explanation can i get that excel sheet for my study purpose.... [Video Time Stamp: 41:00]

latest answer

Excel

Sai Kiran

Sai Kiran

CFA L1

5

1

86

Books

AFM

answered on 05-Mar-26 16:09

I have purchased the course on February sir. I have received only P 600+ Volume 1, Volume 2 and T 380+ books sir. Whether we will receive LDR book and Additional notes books?

latest answer

Ok sir. Thank you

Nivedha Balaji

Nivedha Balaji

CA Final

9K+

2

108

Default Tax Regime Sec 115BAC

Direct Taxation

answered on 06-Mar-26 12:54

Sir Under default tax Regime what is tax Slab? It is upto 4 lakhs or Upto 3 Lakhs?

latest answer

Upto 4L - Nil

Olesia Vaz

Olesia Vaz

CA Inter

0

1

141

Simple interest method

AFM

answered on 05-Mar-26 12:31

Sir, Under simple interest method, Spot price and COC of Rs.100 & Rs.2 - is of Future value ? If so, how? [Video Time Stamp: 06:42]

latest answer

100+2 =102 102 is future value

Swathi S

Swathi S

CA Final

975

1

124

Flexibility

AFM

answered on 05-Mar-26 12:30

Sir, Flexibility in term of what context - Can u explain it sir?

latest answer

Contract duration and number of contracts / lot size

Swathi S

Swathi S

CA Final

975

1

134

Change in phone number

Exams

answered on 05-Mar-26 13:06

I’ve registered for CA Final May 2026 using my old phone number. I’m planning to change to a new number for personal reasons. Will this affect my exam registration in any way? Please let me know if I need to update it anywhere.

latest answer

Update in ssp portal

Pooja .

Pooja .

CA Final

210

1

147

Expiry date

AFM

answered on 05-Mar-26 10:38

Sir, If the maturity period of future contract is 2 months. If I square off it as on expiry date - That future contract no longer exists. But if I square it off before the expiry, the future contract still exists till the expiry date, its like trading the future contracts. (i.e. the ownership of that future contract transferred from me to someone else who bought from me, but in earlier case - that specific future contract loses its existence as on expiry date). Am I right, sir? [Video Time Stamp: 12:26]

latest answer

Yes

Swathi S

Swathi S

CA Final

975

1

119

Squaring off before expiry date

AFM

answered on 05-Mar-26 10:40

Sir, Mr. A entered into long stock futures at Rs.80 with an expiry date of 30th Sept. Case 1: Square off on 30th Sept , future price on that date = Rs.96 In this case, we can say that he can buy at Rs.80 and sell at Rs.96 in the market (as it is the spot rate) and can make a gain of Rs.16. Case 2: Square off before expiry date. Future price as on that date - Rs.96 In this case, how can we say that he can buy at Rs.80 and sell at Rs. 96 in the market, as we know that the spot rate and future prices will not be same as on that date. If that is the case, difference between agreed rate (i.e. 80) and spot rate as on square off date only to be treated as the gain know sir. Why are we taking diff between agreed date and future price as on square off date? [Video Time Stamp: 10:12]

latest answer

Okay Sir

Swathi S

Swathi S

CA Final

975

2

124