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Rm,oh,wages
Financial Management
answered on 05-May-25 16:26
31.27 Overheads &wages are outstanding right which is current liabilities At same time payment of rm 1month credit term which before computation also sir said 675000 is current liability But Why should we wrote on current assets side
latest answer
Because production of goods takes place one month before sales and that amt is inventory
anju B
CA Inter
★ 21K+
1
176
Rm
Financial Management
answered on 05-May-25 16:25
Given that rm ----cr.term------> same month But in illustration given -------> rm purchases are on 1month credit that means?
latest answer
Yes
anju B
CA Inter
★ 21K+
2
178
May 2025 Question paper
AFM
answered on 05-May-25 11:42
Sir in Q1 (a) Why can't we take roe as r and find b
latest answer
Ok sir thank you
Sathya k
CA Final
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2
315
Tds
Direct Taxation
answered on 06-May-25 07:46
₹50lac is from single seller ?
latest answer
Yes
Sushmita Chowdhury
CA Inter
★ 2K+
1
187
Tds
Direct Taxation
answered on 06-May-25 07:47
Section 194P senior citizen, pension and interest, TDS rate is slab rate ?
latest answer
Exactly
Sushmita Chowdhury
CA Inter
★ 2K+
3
228
Intercorporate investments - Question 6 from Module quiz 7.4,7.5,7.6
CFA
answered on 05-May-25 18:48
In the answer you mentioned get the minority interest by getting 20% from each of a common stock , retained earning , netincome and dividends. So the answer came upto 39,000. Why did we select these information from the balance sheet and income statenments. Why not current liabilities from the balance sheet of company S ?
latest answer
Hi Danny, A balance sheet consists of three key components: Assets, Liabilities, and Equity. The fundamental accounting equation is: Assets = Liabilities + Equity, which can also be rearranged as: Equity = Assets - Liabilities. In the balance sheet provided in the question, Current Liabilities fall under the liabilities section, while Common Equity and Retained Earnings are part of equity. To calculate minority interest, we focus on the closing equity of the subsidiary. We then multiply this by the unowned stake (i.e., the percentage not owned by the parent company). This approach reflects the portion of the subsidiary’s net assets attributable to minority shareholders. I’ve attached the calculation for your reference.
Danny John
CFA L1
★ 0
1
252
ethics
CFA
answered on 04-May-25 17:31
Isaac Jones, CFA, wishes to buy Maxima common stock for some of his clients' accounts. Jones also wishes to purchase Maxima for his personal account. In accordance with CFA Institute Standards, Jones: A) must disclose his personal account purchase, in writing and in advance, to his clients and employer. Incorrect Answer B) may purchase Maxima for his personal account, but the transactions for his clients must take priority. Correct Answer C) may purchase Maxima at any time, as long as the execution price is not more favorable than the execution price given to the clients. Why option A is not right as per standard 6A member must disclose such conflict?
latest answer
Yes exactly
Dhakshana Dhakshana
CFA L2
★ 18K+
5
226
Tds
Direct Taxation
answered on 07-May-25 16:23
Pls explain Q1 ii via icai mat
latest answer
In case of online winnings, TDS is done at the time of withdrawal or at the end of the FY.
Sushmita Chowdhury
CA Inter
★ 2K+
1
233
Difference between reassessment and revision
Financial Reporting
answered on 12-May-25 12:37
Sir, I have two doubts 1. Is the revision oriented with the termination part alone (not with the exercising part)? 2. Is Illustration 19 about revision of the lease term instead of reassessment?
latest answer
Revision happens when we actually revise the terms Reassessment is done for existing terms. INitially we thought we would not exercise. Subsequently we thought we would exercise - this leads called reassessment.
pooja lakshmi
CA Final
★ 2K+
1
213
Audit & Auditors
Corporate & Other Laws
answered on 04-May-25 13:29
Appointment of first auditor & subsequent auditor is for the rotation of auditing partners of audit firm appointed?
latest answer
Not always. It can be, depending on individual company requirements.
meghana karnakanti
CA Inter
★ 21K+
1
199