Forums
probability
Maths & Stats
answered on 02-May-25 15:10
I don't understand how the probability of making profit is 0.85? Please explain.
latest answer
Ok sir
Asmita Kar
CA Foundation
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2
175
IND AS 23
Financial Reporting
answered on 02-May-25 12:00
Sir in this question whether it is considered as specific borrowing or general borrowing,
latest answer
Assumed general.
R Yashwanth Kumar
CA Final
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1
221
IND AS 23
Financial Reporting
answered on 01-May-25 19:11
Sir in this question is it considered as General Borrowing or Specific Borrowing,
latest answer
General for four phases
R Yashwanth Kumar
CA Final
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1
198
Consolidation
Financial Reporting
answered on 01-May-25 16:52
In a chain holding consolidation, P has an 80% stake in S1, and S1 has a 55% stake in S2. In this situation, does P consolidate S2? My doubt is whether the holdings percentage is checked from the parent’s point of view or the subsidiary’s point of view.
latest answer
P will consolidated both S1 and S2.
kathiresh V
CA Final
★ 15K+
1
190
cost calculation
Financial Management
answered on 01-May-25 18:29
why didnt we deduct the interest expense of debentures from the revenue while calculating the pbt sir? we also know the investment value and proportions
latest answer
If project NPV is computed we are working on project cash flows so these are CF that are available to all financiers
Venkatesh
CA Final
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1
165
Clause -4 , Part -1 , Schedule 2
Auditing
answered on 02-May-25 00:44
Mam, If a director of a ABC ltd company joined as a partner in CA firm which is audit firm of ABC ltd, can the Firm continue as auditors of that company ?
latest answer
No they cannot. It’s self interest and familiarity threat.
Sai Vema
CA Final
★ 108K+
1
184
Buy back
Accountancy
answered on 01-May-25 14:19
While calculating three test conditions, in paid up share capital have to include preference share capital also? ( In accountancy buy back sum)
latest answer
Yes
Mehak K
CA Final
★ 3K+
1
208
MCQ 3- 8th Question
Accountancy
answered on 01-May-25 16:43
The question is-Following events occured at D Ltd between 1st Jan 2017 and 30th June 2017. FY 17 ended on Mar 31, 2017 and Board Meeting to approve accounts was scheduled on June 30th 2017. IDentify the events correctly. Amount of Rs 3 Lacs wrongly debited to Debtor Account when it should have been debited to Marketing Expenses. Event occured on March 31st and the financials were finalised as such and it was detected on May 30th The given answer is Ordinary Event for FY17. Isn't this an adjusting event, since the event(detection of an arror) happened after the balance sheet date and before the approval of FS?
latest answer
adjusting and ordinary
V V
CA Inter
★ 3K+
1
173
MCQ 7th Question
Accountancy
answered on 05-May-25 09:38
MCQ 2-7th Question- All the answers are not a change in Accounting policy, right? Please clarify
latest answer
Please send us the question
V V
CA Inter
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1
207
MCQ Test 1
Accountancy
answered on 14-May-25 12:38
There is a question on identifying the event. The question goes this way- In FY18 X Limited realized that it had incorrectly disclosed in its FY17 Balance Sheet, the loan balance of Rs 10 Lacs when it was Rs 11 Lacs. The difference of Rs 1 Lacs was wrongly classified as Sundry Creditors. How is the adjustment disclosed in FY18? The answer given- It is an ordinary item of exceptional nature. But isn't this a prior period item, since the error occurred in the preparation of Financial Statement, in the previous year?
latest answer
Thank you
V V
CA Inter
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2
204