Forums
Sch 3
Accountancy
answered on 06-Aug-25 11:05
Why we deduct ₹142500 from 10% dividend of ₹800000
latest answer
Thank you!:)
Sr the Unique
CA Inter
★ 10
2
170
Classification of Financial Instruments
Financial Reporting
answered on 04-Aug-25 18:08
Sir please explain this problem. In this question the issuer of preference share have an option to settlement by way of transfer of commercial building (non-financial asset). They have considered these pref shares are financial liability. How?
latest answer
The value of building is expected to be higher than cash. So the company would choose cash.
G Chandrakanta
CA Final
★ 15K+
1
129
Answer doubt
Auditing
answered on 05-Aug-25 20:08
For audit report, should we also byheart the answers of illustrations in the ICAI material
latest answer
Thankyou
Dova Shaji
CA Inter
★ 520
2
150
calculation of overtime in option a
Costing
answered on 06-Aug-25 10:05
why we have to calculate average inflated wage rate [Video Time Stamp: 00:06]
latest answer
The average inflated wage rate is calculated to know the increase in wage rate comparing to basic wages.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
162
salary paid to Indian citizen o/s India
Direct Taxation
answered on 04-Aug-25 16:24
In this, Sir told that Salary paid by Government of India to an Indian citizen who is working outside India is exempt under Section 10 (7), but the exemption is only available on perquisites and allowance - Video reference salaries topic 2nd video [Video Time Stamp: 01:07]
latest answer
Salary is taxable. Exemption is only for allowance and perquisites.
NANDHINI U S
CA Inter
★ 37K+
1
176
Reliance keypad phone
Strategic Management
answered on 04-Aug-25 12:36
Our school days Reliance keypad phones were available Is this related horizontal diversification to jio sir? [Video Time Stamp: 06:27]
latest answer
The phones that were earlier provided were by Reliance (Anil Dhirubhai Ambani Group) Jio is owned by Reliance (Mukesh Ambani Group)
anju B
CA Inter
★ 21K+
1
230
DTL
Financial Reporting
answered on 04-Aug-25 12:31
Sir, while calculating the DTL on the date of consolidation, if there is any balance in the fair value of contingent liability, we need to reduce it from the net assets as well, right? [Video Time Stamp: 19:30]
latest answer
Yes.
Abhijith K B
CA Final
★ 5
1
147
BUYBACK OF SECURITIES
Accountancy
answered on 04-Aug-25 12:59
This is dec21 QP.. Anyone kindly explain how the highlighted ones came?..why we deduct face value of preference shares redeemed from Reserves and surplus?
latest answer
Thank you sir..
Sr the Unique
CA Inter
★ 10
2
150
Capital vs Revenue Expenditure
Accountancy
answered on 07-Aug-25 10:01
Sir, how is the repair cost incase of accident example different from the eg given for change of petrol tank due to rust (replacing 12L tank with 12L)? In the petrol tank case, we considered this logic, if the expense would increase the future economic benefit for multiple accounting period, we would have considered the 12 L petrol tank as capital expense. We had removed the earlier logic of tank capacity going beyond 12 alone would be capital. Why can't we apply the same logic again here? Major repair cost due to accident, has resulted in future benefits getting lost and we are incurring the expense to get the future economic benefit (it can be revenue or cost or convivence). Hence, capital.
latest answer
That is a slightly advanced concept - you will understand in CA Inter/Final. If parts of an asset are replaced then the cost of existing part derecognised from books and the cost of new component is recognised as an asset. For e.g in case of an aircraft, seats may be replaced every 3-4 years. Engine would last for 20 years. So when seats are replaced, it would be derecognised from books and new seats are capitalised. The example could be presented slightly differently to ensure better clarity.
Vignesh Venkatesan
CA Final
★ 5
5
209
Deemed investment
Financial Reporting
answered on 04-Aug-25 11:44
1.Sir, In Scenario b, If the loan is repaid by the subsidiary to parent after 3 yrs, will the deemed investments of Rs. 2,48,685 continue as Investments in books of parent. 2.If yes, How and when it can be derecognised? 3.If the subsidiary records this as equity in thier books, will the parent eligible for dividend and increased shareholding or it will recorded as R&S
latest answer
got it sir
Hariharan Ravichandran
CA Final
★ 2K+
2
165