Forums
Borr cost
Financial Reporting
answered on 26-Mar-25 09:52
Sir, if the asset only took 3 months to get constructed,it is not substantial period of time right?I dont understand why borrowing costs are capitalised,since its not a qulaifying asset...
latest answer
The question says construction continues. So the assumption is that it is not yet completed.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
228
Lease Modification - Illustration 37
Financial Reporting
answered on 26-Mar-25 10:12
When the second part of the question i.e. the increase in the scope of the asset does not exist, will the modification be done for the revised discount rate at 7% which in turn will reduce the lease liability by Rs.4870?
latest answer
Yes
SANJITHA
CA Final
★ 505
1
208
Model test paper
Others
answered on 26-Mar-25 09:16
Is Institute released any model test papers like that where it is available Is that applicable for upcoming attempts
latest answer
Thank you so much
Sruthi sruthi
CMA Inter
★ 640
3
227
If the shares are lent to XYZ and XYZ has short the shares, the dividend was paid somewhere in between, how will Mr. A get the dividend?
AFM
answered on 26-Mar-25 15:47
If the shares are lent to XYZ and XYZ has short the shares, the dividend was paid somewhere in between, how will Mr. A get the dividend?
latest answer
Yes B reimburses ro A
Manu Jacob
CA Final
★ 6K+
4
207
Service Costing
Costing
answered on 26-Mar-25 14:29
Why have we taken 90% of the distance travelled?(See the WN of cost of diesel) Isn't 90% for capacity?
latest answer
Got it, thanks.
Sagar Kathuria
CA Final
★ 3K+
2
188
Mathematics of finance
Maths & Stats
answered on 27-Mar-25 10:10
how is the answer to the given question b?
latest answer
thank you sir
Asmita Kar
CA Foundation
★ 7K+
3
217
Time of supply
Indirect Taxation
answered on 27-Mar-25 16:36
Advance payment concept is if advance is more than rs1000 or up to rs1000 ?
latest answer
Advance tax payment is applicable if tax payable is 10,000 or more.
Sushmita Chowdhury
CA Inter
★ 2K+
1
244
Articleship
Others
answered on 26-Mar-25 12:50
Can we upload print out copy of form 108 for articleship termination as my sir is out of state I can't get him signed in original and get original can I upload xerox
latest answer
I think you can wait or rather use courier services like blue dart.
Krishna Krishna
CA Final
★ 780
1
220
Ask rate
AFM
answered on 25-Mar-25 09:38
Sir, for the attached question whether the ask rate for the spot is Rs. 62.72 or Rs. 62.68
latest answer
Ask is 62.72 only as o read out in my video ICAI had a printing mistake as their solution treats 62.72 as ask
Nitin Raj
CA Final
★ 270
1
219
Forward rate on settlement
Financial Reporting
answered on 26-Mar-25 11:44
Why have you been taking 81.75 which is the spot rate as on 30th April for settlement? We have entered on 1st March itself to be settled at 82 as the forward rate is on 30th April. Accordingly settlement should be at 82 right. But why 81.75? As it is being settled at the spot rate on 30th April, then what is the purpose of the term 'forward contact'?
latest answer
Its not an actual forward contract but a kind of notional forward contract. When we agreed to sell copper after 2 months, relevant price or expected pricing is 82. When we actually receive the dollars on 30th April, we have to sell it in spot market which is at 81.75. SO our expectation was to receive at 82 but when we actually sold the dollars in the market, then we incurred a loss.
pooja lakshmi
CA Final
★ 2K+
1
220