Forums
About Put option
CFA
answered on 13-Aug-25 07:08
Sir Actually Who can Buy sir If the Put option seller Sells his Shares in higher price than the Market Price. ..He buys in Ignorance or What I didn't understand this Properly.
latest answer
Thankyou Sir I got Now
dhupam jayanth
CFA L1
★ 10
4
126
Closing balances - Assets, Capital and Liabilities
Accountancy
answered on 13-Aug-25 20:11
Sir, we have generalized the idea as, generally asset have Dr balance and Capital, Liabilities have Cr balances. Can you give some examples where there are exception to this general rule. [Video Time Stamp: 02:30]
latest answer
1. Bank account may have a credit balance if overdrawn, which is technically a liability. 2. if a company overpays a vendor or creditor, the related account payable may show a debit balance until adjusted.
Vignesh Venkatesan
CA Final
★ 5
1
225
gold etfs vs online gold
AFM
answered on 12-Aug-25 19:00
sir gold etfs take 2-3 days for redemption but online gold can be redeemed with in hours. then online gold is more preferable?
latest answer
etf works on stadard T+ 2 settlement - there is no gst on investment in it Online gold faces GST
KIRAN BANKAPALLI
CA Final
★ 560
1
168
Accounting for GST
Accountancy
answered on 12-Aug-25 13:17
Sir, in the example, the faculty provides services. Since it is a recorded video class, the fees paid is a one time payment and Indigo can earn benefits for longer period than compared to face to face class. So by this logic, can we say, the fees paid to faculty for recorded classes will be a capital expense and the fees paid to faculty for face to face class will be a revenue expense.
latest answer
We capitalise Fees paid to record classes. This is shown as intangible asset on the balance sheet. Face to face fees is one time and is revenue expenditure.
Vignesh Venkatesan
CA Final
★ 5
1
164
Accounting for GST - Cash Discount and Final Settlement Cases
Accountancy
answered on 12-Aug-25 13:20
Sir, in the above journal entry for Jul 4 and 5, we had recorded the lower amount paid by Surjeet as Discount allowed (loss) and we had not reversed GST as you had taught us the logic there is no change in the value of goods so not to reverse the Output GST a/c. Now my query is, in the books of Surjeet, he would have recorded the purchases (25K) and input GST a/c (3K), when he pays a final settlement. Asset goes down (so cr.) To Bank 25,200, liable to pay decrease (so dr.) Creditor 28K. Now the difference amount, 28,000 - 25,200 = 2,800, will surjeet record as discount received (gains)? He should not reverse the input GST a/c as the same logic, there is no change in value of goods. Hence reversal not required [Video Time Stamp: 00:02]
latest answer
Input and output GST go hand in hand. If supplier has charged GST - it is output and corresponding input for buyer. For discounts given (which are not agreed at time of sale) - there is no reversal of GST. But say if there is a volume discount agreed at time of sale - the supplier reverses output gst and customer reverses input gst. This is done by way of credit note issued by supplier. These are slightly advanced concepts and are covered in GST in CA inter.
Vignesh Venkatesan
CA Final
★ 5
1
301
Guidance pertaining to classes
Others
answered on 12-Aug-25 13:41
I've Purchased the classes of FR and AFM and my attempt is in January 2027. Is it appropriate for me to finish FR and then Start with AFM (or vice versa) or start both the subjects simultaneously ?
latest answer
Okay sir, sure. Thank you so much!!
G Mohammed Mushtaq
CA Final
★ 15K+
2
196
ITC
Indirect Taxation
answered on 13-Aug-25 16:06
Sir, how come the answer to this question is Rs . 14,400?
latest answer
Thank you very much.
Dhivyaa Latha
CA Inter
★ 4K+
2
184
Fair value
Financial Reporting
answered on 12-Aug-25 13:26
Sir, how can we assume that the fair value of 82,820 is fair value less cost to sell?? we have taken it directly as fair value less cost to sell without deducting the auctioneer’s fee and transportation fee. [Video Time Stamp: 15:43]
latest answer
The question does not mention any fees or costs in that paragraph. (In rest all places, they have mentioned clearly) Also at the end the question mentions that no other costs are expected.
Abhijith K B
CA Final
★ 5
1
176
Example Advertisement expenses
Financial Reporting
answered on 12-Aug-25 13:37
Sir, for tax purpose we will deduct advertisement expenses when we paid actually. But in the example, it was not paid, we will deduct in future. But you said entire amount was deducted now. But I am thinking that, Tax base = Carrying amount - amount deductible in the future Tax base = 10,000 - 10,000 = 0 So, TBL < CAL -> DTA Sir, please give me the clarification. [Video Time Stamp: 27:37]
latest answer
Amount is already deducted - so no deduction in future.
Narmada Chennuru
CA Final
★ 4K+
1
162
ASSURANCE ENGAGEMENT
Auditing
answered on 18-Aug-25 15:36
Mam, am i correct to understand that the Reasonable Assurance involves Audit of FS for their intended users are Members of the company (owners). Whereas, Limited assurance involves checking on arithematical accuracy and whether the FS are in line with the criteria for their intended users are Internal Management itself. i.e. Audit is for Members and Review is for Management. . .? [Video Time Stamp: 15:54]
latest answer
Yes, the chapter is covered comprehensively with every single concept in detail .
Vinod Kumar
CA Inter
★ 11K+
3
167