Forums
Ind As-20
Financial Reporting
answered on 13-Dec-22 22:07
1) Entry for government grant when amt will be received only in last year of satisfying conditions and it is certain that all the conditions will be satisfied 2) Government promised that it will purchase 70% of it's outcome if it is established in particular area-whether this assistance can be treated as government grant?
latest answer
If loan is given at discounted rate then yes.
Pavansai Lanka
CA Final
★ 200
3
516
One day before exam
Accountancy
answered on 10-Dec-22 12:38
If any one has been taken notes related to account standard Ines
latest answer
If you want to revise , then use free AS materials and flash cards in free resources
Siva subramaniam M
CA Inter
★ 105
2
438
Contingent contract
Corporate & Other Laws
answered on 10-Dec-22 13:28
Vinod promises to pay â?¹10000 if Yash marries zara ....is this contingent contract ?
latest answer
The following are the essentials of a contingent agreement according to Section 31 of the Indian Contract Act mentioned below: There should not be the mere will of the promisor in any event. The occurrence of an event may be within the control of one or both partakers or out of command of both. Contract to do or not to do any act that wholly depends upon a contingency. The event must be collateral.
Sonia T
CA Foundation
★ 10
5
494
Syllabus coverage
Financial Reporting
answered on 10-Dec-22 07:38
My attempt is nov 23, can i purchase FR Course? Does it cover full icai syllabus?
latest answer
Yes.
nazriya nasar
CA Final
★ 7K+
1
542
Security valuation - bonds
AFM
answered on 10-Dec-22 07:57
In these types of cost- benefit analysis questions why dont we consider the amortisation cost of old bond, which is now written off as cost?
latest answer
Sunk cost
nazriya nasar
CA Final
★ 7K+
1
573
Security valuation -Q 34
AFM
answered on 10-Dec-22 15:41
Why don't we consider tax savings of floatation cost of new bonds? Ie tax benifit of rs 4.25 laks, which is 1.7lak
latest answer
It has been considered at 15 min 30 seconds to 16 minutes 10 seconds. Instead of computing entire tax gain we have computed loss in text benfit due to not writing off old amortization cost and subtracted it from tax write off of new flotation costs
nazriya nasar
CA Final
★ 7K+
4
566
Inventory valuation by Standard cost method
Accountancy
answered on 10-Dec-22 14:36
Is Practical problems of Inventory valuation of Standard cost method not a part of CA foundation syllabus ?
latest answer
Inventory valuation problem's, main point is itself finding the cost per unit If question only gives cost per unit, then there is almost no point in testing us That's why problems are not there. However, it doesn't mean that they are not a part of the ca foundation exams
Ardhendu Sekhar Acharya
CMA Inter
★ 250
1
429
ITC Section 17
Indirect Taxation
answered on 10-Dec-22 12:35
Do exempt Supply includes zero-rated supply?
latest answer
Yes we can claim.
Udaya Kumar
CMA Inter
★ 920
5
519
ITC Rule 43
Indirect Taxation
answered on 10-Dec-22 18:01
In the case when Capital Goods (Machinery) are bought and utilized in manufacturing Exempt Supplies for 5 Years, and after 5 Years started manufacturing Taxable supplies. Can we claim ITC?
latest answer
Mathematically not possible since the useful life of capital goods are per GST is 5 Years.
Udaya Kumar
CMA Inter
★ 920
3
474
Pgbp depression
Direct Taxation
answered on 10-Dec-22 12:40
Pls tell me about 50000rs depression instead of 25000â?¹ bcz less than 180 days
latest answer
Oh thanking you sir
Periyakaruppan Sekar
CA Inter
★ 970
7
490