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Decommissioning Liability attached to PPE
Financial Reporting
answered on 06-Apr-26 09:52
Sir, you have mentioned that if the liability is attached to the PPE, we recognise a provision. But if it is attached, doesn't it mean that it is not independent of future action, thus no provision should be recognised right? [Video Time Stamp: 01:38]
latest answer
Yes
Vishnu Muraleedharan
CA Final
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32
terminal cashflow
AFM
answered on 29-Mar-26 16:53
can u please explain more clearly about terminal cashflow ???
latest answer
It is pv of all cash flows from a year till infinity We use sum of GP till infinity formula D1/(ke-g) Similar to what we taught in security valuation equities for Gordon growth model
Hemanth kumar Kapuluru
CA Final
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21
Goodwill in net assets
Financial Reporting
answered on 02-Apr-26 08:01
Sir, can you explain the reason for including Goodwill in subsidiary net assets? [Video Time Stamp: 12:06]
latest answer
ok sir
Hariharan Ravichandran
CA Final
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31
Doubt regarding Buy Forward and Sell Forward
AFM
answered on 29-Mar-26 04:51
Sir have doubt regarding when to Buy Forward and when to Sell Forward? Suppose in this problem if Ideal DM/CAD forward for 3 months is .680 (Costly) and Actual DM/CAD forward for 3 months is .670 (Cheap) What then 1st step is what? (whether Buy forward or sell forward)
latest answer
Buy what is cheap if forward is cheap buy it
G Chandrakanta
CA Final
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22
justify the answer
Accountancy
answered on 02-Apr-26 09:31
Shouldnt the revenue be recognized only after the customer's approval (as the inspection part is to be made by him/her )
latest answer
here agreement is not approval. Agreement is like entering into contract.
Rithu V
CA Inter
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32
Spot and forward
AFM
answered on 28-Mar-26 20:57
Sir please explain the difference between 3 months Spot and 3 months Forward.
latest answer
Understood sir, Thank you.
G Chandrakanta
CA Final
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2
33
explanation needed
Accountancy
answered on 04-Apr-26 09:42
Can you explain the reason why it is the right answer and why mine is not
latest answer
Can be called both.
Rithu V
CA Inter
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5
47
mcq test 2
Accountancy
asked on 28-Mar-26 15:30
A question on what is not to be considered as change in accounting policy has 4 answers but apart from the option which says there is a change in acc policy which is material, every other option is NOT to be considered as a change in the accounting estimate
latest answer
No answers yet!!
Rithu V
CA Inter
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0
24
Final amt of closing stock
Accountancy
answered on 07-Apr-26 17:07
Shouldnt the amt of closing stock be = 150k-12k(wrong estimate)+4k(correct estimate) [Video Time Stamp: 05:55]
latest answer
Yes, The closing stock will be 150000-(12000-4000) = 142000. We will correct and update the video and notes. Thankyou
Rithu V
CA Inter
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1
29
provision amount
Financial Reporting
answered on 27-Mar-26 18:36
Sir, I have one doubt in this question. At the initial stage of recognizing provision under Ind AS 37, would it be wrong if I take the provision as ₹10 lakhs instead of ₹7.5 lakhs? My understanding is that the 75% probability here indicates that payment of ₹10 lakhs is the most likely outcome, assuming there are only 2 possible outcomes: Pay ₹10 lakhs, or No payment required Please clarify whether this understanding is correct. [Video Time Stamp: 03:06]
latest answer
ICAI is not consistent in its application in such cases. In fact in the recent exams, they considered both options / assumptions in MCQ question. If its 10 lakhs and 0 - it is two outcome and can take 10 lakhs as well.
Abhinav K A
CA Final
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25