Forums
Diff in suggested answers
AFM
answered on 05-Mar-25 14:06
Sir in suggested answers they have taken the closing rate 9.5%.....itself to determine the interest rate for the previous period, which is actually wrong as you said, what to do in this cases in exam should we just remeber this kind of deviation by ICAI and do as per ICAI ?
latest answer
Yes as far as ICAI is concerned pls follow their logic to get marks in exam
Hemachandra D
CA Final
★ 9K+
1
172
CA inter Exam Paper scanned copy related
Others
answered on 05-Mar-25 17:09
HI SIR/MADAM, I have Appeared for January 2025 examination for CA intermediate, I would like to get my Scanned copy of the exam paper. Kindly guide me with regards to procedures to be followed so that i can able to get my SCANNED COPIES as soon as possible. Waiting for your quick reply.
latest answer
30 days
devipriya mayilswamy
CA Inter
★ 100
3
263
Do we not take into consideration of interest receivable on debenture in previous GAAP?
Financial Reporting
answered on 11-Mar-25 10:34
Do we not take into consideration of interest receivable on debenture in previous GAAP? We have taken effect of premium but not interest of 6%. Please explain why.
latest answer
Previous gaap - Accounting Standards did not have requirement of computing fair value of liabilities. However AS 16 includes premium as a borrowing cost Borrowing costs may include: (a) interest and commitment charges on bank borrowings and other short-term and long-term borrowings; (b) amortisation of discounts or premiums relating to borrowings;
Manu Jacob
CA Final
★ 6K+
1
172
Place of supply - outside India u/s 13
Indirect Taxation
answered on 12-Mar-25 16:20
Applicability of GST, when • Place of supply - outside India u/s 13 • Place of recipient - in India
latest answer
Yes possible
Shyamala S
CA Final
★ 7K+
3
262
Casual income
Direct Taxation
answered on 05-Mar-25 19:08
Hello sir. What's the difference between gross casual income and net casual income sir ?
latest answer
Welcome.
Nagachaitanya Nomula
CA Final
★ 8K+
3
228
Irredeemable preference shares
Financial Reporting
answered on 05-Mar-25 10:33
Sir, in the case of irredeemable preference shares though we are not liable to repay the amt of pref shares but aren't we liable to pay fixed dividend as cash or other financial asset. If so, we should treat it as financial liability right.
latest answer
Yes. Only the dividend part.
Pradeepa Narayanan
CA Final
★ 5K+
5
333
Portfolio management - Illustration 51
AFM
answered on 05-Mar-25 17:00
In sub question (ii) why the ratio is taken as 3:-1 as it is in the same proportion to sub-question (i). Kindly clarify sir
latest answer
Understood sir Thank you
Vigneshwar M
CA Final
★ 2K+
4
174
Portfolio management - Illustration 49
AFM
answered on 05-Mar-25 16:54
Sir can you please share the working of last sub question (Equity beta) as the same is not available in my P600
latest answer
Understood sir Thank you
Vigneshwar M
CA Final
★ 2K+
4
166
part 3
AFM
answered on 05-Mar-25 11:06
sir in the part 3, overall total loss is 9crores (99-90), and hedge cost is 3.6 = so actual loss 5.4( 9- 3.6) is what computed But the hedge cost 3.6 is per annum, so how comparing the overall loss of 9 crore with 3.6 per annum, if comparing then 9 core - 3.6*5 and also can consider the upfront savings if considering the hedge cost
latest answer
It is a very poorly drafted Q by ICAI and an equally poor answer. It is ICAI answer, and I cannot change it even if i disagree with it
Hemachandra D
CA Final
★ 9K+
1
184
First 6 Months
AFM
answered on 05-Mar-25 13:48
Sir even before MIBOR increase, still the A ltd used to save the 30 BPS, so we can consider that for first 6 Months in the second part of answer right as its and savings ? and in question say if they had just mentioned in second part, calculate the PV of savings from swap for A ltd(No change in MIBOR), then solution will be same as we have done now just that discount rate will consider 5.7% instead of 6.2% (i.e will consider 5.25+0.45 = 5.7%) am i right ?
latest answer
Yes swap will not happen. Assuming it happens even is B incurs a loss, then PV of A is computed. Your working is correct only
Hemachandra D
CA Final
★ 9K+
3
239