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Doubt regarding AS5

Accountancy

answered on 06-Jul-22 14:57

What is the precise difference between Exceptional and Extraordinary items? I am finding it difficult to practically assess the difference between the two. For instance, Profit on sale of subsidiaries should be Extraordinary or Exceptional?

latest answer

Extraordinary - Not in the ordinary course of business. Exceptional - In ordinary course of business - but require separate disclosure due to nature and size.

Siddharth Kulkarni

Siddharth Kulkarni

CA Final

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13

708

Chapter wise weightage..

Others

answered on 05-Jul-22 15:46

How to see chapter wise weightage in this app

latest answer

Shared from *1FIN by Indigolearn* CA Inter https://1fin.page.link/WeSPSs1JDoLw5dSM8

Madhu Reddy

Madhu Reddy

CA Inter

★ 4K+

2

843

Revise tax

Direct Taxation

answered on 05-Jul-22 12:29

How can i revise the tax again after may attempt ?? I am very weak in the subject also earlier so how i have to start the preparation for its revision

latest answer

First of all the taxation subject is not as difficult as u think. Dont refer any books. Just refer icai study material its of simple words. Before starting preparing a particular chapter its advisable to watch a video on YouTube regarding such class/ chapter so it might not imposes u difficulty in learning such chapter

Rick Y

Rick Y

CA Final

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612

IGNOU B.com ( A&F )

Others

answered on 06-Jul-22 15:02

Can someone please tell me the duration of the above course w.r.t. a CA Inter qualified student? I read in the prospectus of this course that when a CA Inter qualified student joins this course, the course duration will be reduced proportionately. I need some clarity on the reduction.

latest answer

Thank you!

Sibi Srinivasan

Sibi Srinivasan

CA Final

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1K+

Students meet-up Chennai

Others

answered on 05-Jul-22 06:52

Do anyone have idea about how the meet-up will happen? How the students are allowed to enter ? Do we need to show our registration? Can anyone please answer this . I need detailed information.

latest answer

Yeah sure sir thanks.

Shankari C

Shankari C

CA Inter

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4

515

General

Others

answered on 05-Jul-22 11:32

Where would the investment in stocks of another company come in Balance Sheet , if the company acquires - a) 10% b) 80% in its shares

latest answer

In case of a) Both companies are independent company (as company holds 10% only) and it is shown as "investment in stock" in asset side of investing company balance sheet In case of b) As this company holding 80% of other companies share, it becomes holding/parent company and other company become subsidiary of holding company. In case of standalone balance sheet the investment is shown in asset side separately. In case of consolidated balance sheet, we need carry out consolidated accounting process and find out goodwill/capital reserve, minority interest, consolidated p&l and we will not show investment in asset side

Avasarala Vivek Aditya

Avasarala Vivek Aditya

CA Inter

★ 6K+

2

521

Bank Reconciliation Statements

Accountancy

answered on 04-Jul-22 20:59

How the answer will be c

latest answer

he mentioned that Balance sheet is as on 31.03.09 .So bank overdraft 7074. Cash book credit means bank overdraft. Cash book debit will be on assets side of balance sheet

Subramanyam N

Subramanyam N

CA Inter

★ 6K+

1

548

Cost of capital

Financial Management

answered on 05-Jul-22 15:07

Please explain me Why they have taken issue price (94) instead of net proceeds (103 ) in this problem sir .

latest answer

welcome

Umayal Lakshmanan

Umayal Lakshmanan

CA Final

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3

836

Acca

Others

answered on 09-Jul-22 08:12

1) other than big 4 where are the opportunity available after completing acca 2) ca final fully syllabus when will be uploaded in indigolearn

latest answer

Ok madam

Sai G

Sai G

CA Inter

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10

538

Answer

Accountancy

answered on 09-Jul-22 19:55

Account ke solutions kaha milenge Notes ke ???

latest answer

You will get those in course videos.

prime time

prime time

CA Inter

★ 2K+

5

620