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Reporting cashflows on net basis
Financial Reporting
answered on 31-Mar-25 18:22
Sir, Small clarification required regarding the adjustment of cash assumed from the subsidiary: Can I show the gross amount paid to outsiders as "Cash paid to acquire subsidiary in investing activities" and adjust the cash assumed as a reconciliation item between opening and closing Cash and cash equivalents. Or do we need to show it as a net basis compulsorily?
latest answer
In consolidated financial statements it would be net basis. Since only the amount paid to outsiders would be reported as cashflow. Since the payment and receipt is a part of single transaction, it is shown on net basis.
Chaitanya Sai Gupta
CA Final
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226
Hoe many times can the eway bill be amended or assigned to a different transporter? For example if goods are being transported from Kashmir to Tamil Nadu through 5 different transporter, can it be reassigned 5 times?
Indirect Taxation
answered on 01-Apr-25 20:34
Hoe many times can the eway bill be amended or assigned to a different transporter? For example if goods are being transported from Kashmir to Tamil Nadu through 5 different transporter, can it be reassigned 5 times?
latest answer
Yes we can.
Manu Jacob
CA Final
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250
Investment decision-Case scenario May 2025 study material
Financial Management
answered on 31-Mar-25 00:07
I believe that the subscription income should be (2000+2000)*5000= ₹2cr for 1st year and accordingly going forward but it's given as (2000/2)*5000=50 lakhs for first year in the solution. There is also an ambiguity in the solution regarding the fixed salary expense of delivery staff where monthly salary is ₹15000p.m but the solution does not consider it as the monthly income and takes it on a per annum basis. Pls help me with this.
latest answer
Appreciate your observation.. yes, as mentioned, we have made the corresponding corrections in both the places.. you may go through my video class for better clarity
Jai Adithya
CA Final
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3
245
Confirmation of answer
AFM
answered on 30-Mar-25 13:48
Both answer a and b are correct na ?
latest answer
Achaa achaa, understood !!
Hrishikesh Pradhan
CA Final
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2
179
Cost audit
Corporate & Other Laws
answered on 31-Mar-25 15:07
It said cost audit report submitted to cg..it no where said cg deleted to anyone Will it be cg only ?
latest answer
Please elaborate your question with section reference. Its difficult to interpret what you wish you ask.
Sushmita Chowdhury
CA Inter
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1
185
SPOM exams last date to complete for NOV 2025 CA final attempt
Others
answered on 31-Mar-25 09:50
Is there any due date to complete the SPOM exams for the NOV 2025 Final attempt student?.
latest answer
https://youtu.be/iJg8RKf56IA
Narmada Chennuru
CA Final
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3
268
General doubt on borr cost capitalisation
Financial Reporting
answered on 30-Mar-25 09:53
sir, why is it that only for specific borrowings, we capitalise from the date of first exp?Like for ex if first exp in made in apr of 5L and 2nd exp in Oct of 5l, why for exp in Oct of 5L, int for full year is still computed?Why different approach is followed for general borr?
latest answer
Because we have borrowed specifically for that purpose. Also for the period when money is not used we invest it and reduce the income from cost.
SANSKRITI BADRI 2111339
CA Final
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1
246
Surrender of permanent exemption
Exams
answered on 31-Mar-25 09:55
Sir Format of affidavit for surrender of permanent exemption
latest answer
You can write to the institute to get a format.
praveen kumar
CA Final
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1
221
Didn't give any age
Direct Taxation
answered on 29-Mar-25 20:58
sir u didnt provide age of Mr.B so how have u taken it as a senior citizen category and applied upto 3 lakhs NIL. Idont understand.
latest answer
Welcome.
susan kavumkal
CA Inter
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3
262
Rebate u/s 87A under default tax regime
Direct Taxation
answered on 29-Mar-25 20:57
What will be the answer keeping in mind the ammendment in taxation rate and the maximum rebate u/s 87A under default tax regime
latest answer
Answer will still remain same. Just that it will be 3L - 7L.
Mainak Chakraborty
CA Inter
★ 0
1
229