Forums
AS 20 - Rights issue
Accountancy
answered on 07-Oct-25 13:58
Illustration 4 in study material. For EPS calculation of year 2, I didn’t understand the time weighting factor considered. Please clarify. Photos attached below
latest answer
For time weighting factor, We consider Right adjustment element till the date of rights issue - this is time weighted separately for number of months from beginning of month till date of right issue After shares are issued, we consider total shares for remaining months.
Ritu Kotian
CA Inter
★ 19K+
1
150
Query
AFM
answered on 05-Oct-25 15:56
Sir, @7:53 why have we taken Short Futures as "0" (not taken future price) ,While in 2nd problem we have taken the Future price. [Video Time Stamp: 07:53]
latest answer
Okay Sir. Thank you.
K Vamshi
CA Final
★ 14K+
2
152
Borrowing Cost-AS 16
Accountancy
answered on 04-Oct-25 17:39
Calculate the interest to be capitalised?
latest answer
question no 11 page 62 https://icmai.in/upload/Students/Download_Archives/paper16.pdf
Ram Gopal
CA Inter
★ 250
1
145
Journal entry
Accountancy
answered on 07-Oct-25 13:56
When a company recieve gift then what will be the journal entry for company
latest answer
Yes. If its for a specific purpose, it would be part of specific fund. You need to check with your senior/ principal.
Snehashis Mohanty
CA Inter
★ 35
12
193
DBO
Financial Reporting
answered on 04-Oct-25 08:50
When settlement happens, the gain or loss impact is provided in DBO, where will the effect of the actual payment. [Video Time Stamp: 06:47]
latest answer
Dr Liability Cr Plan Asset Balance gain or loss
SANJITHA
CA Final
★ 1K+
1
127
Penalty payable u/s 129
Indirect Taxation
answered on 09-Oct-25 16:52
Isn't the penalty in this case Rs. 15,00,000? Which is higher of i) 50% of Rs. 30,00,000 (Value)= 15,00,000 ii) 200% of Rs. 5,40,000 (Tax) = 10,80,000 [Video Time Stamp: 01:25]
latest answer
Agreed. It is 50% of value or 200% of tax whichever is higher. Will get it rectified. Thank you.
Yug Bhattad
CA Final
★ 63K+
1
169
Change in object clause
Corporate & Other Laws
answered on 08-Oct-25 16:34
Procedure to be followed in case of private company changing it's object clause [Video Time Stamp: 07:49]
latest answer
1. Hold a Board Meeting to approve change in object clause and call an EGM. 2. Pass a Special Resolution in the EGM to alter the object clause of MOA.
Leela Sowmya
CA Inter
★ 0
1
153
Change of capital clause
Corporate & Other Laws
answered on 08-Oct-25 16:35
Procedure in case of private company in case of change in capital. [Video Time Stamp: 05:17]
latest answer
Hold a Board Meeting and pass an Ordinary Resolution in EGM to alter the Capital Clause of MOA. File Form SH-7 with ROC within 30 days; ROC then updates the company’s authorised share capital.
Leela Sowmya
CA Inter
★ 0
1
131
Change in liability clause
Corporate & Other Laws
answered on 08-Oct-25 16:35
If public company wants to change liability clause..is central govt permission required? [Video Time Stamp: 01:16]
latest answer
Yes
Leela Sowmya
CA Inter
★ 0
1
161
Q18
Financial Reporting
answered on 04-Oct-25 17:30
Sir, If there is any difference between expected balance and closing balance, when should we treat as actuarial gain/loss, & when should we show as remeasurement gain or loss? [Video Time Stamp: 13:51]
latest answer
Remeasurements of the net defined benefit liability (asset) include actuarial gains and losses
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
148