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Allocation of Goodwill 06.20

Financial Reporting

answered on 23-Feb-25 11:31

Sir, Is it Mandatory to allocate Goodwill when we acquire a Business.???

latest answer

Yes. For impairment testing purpose.

K Vamshi

K Vamshi

CA Final

14K+

1

185

IFHP

Direct Taxation

answered on 24-Feb-25 17:26

Sir, if i have a house property and my car shed is little far away on other plot which is not in vicinity of the HP and belongs to the HP which i have given on rent. will it be cosnidered as land appurtenant thereto

latest answer

It should be in the immediate vicinity else it would be regarded as land but not building.

Sandeep

Sandeep

CA Inter

50

2

221

Contact

Corporate & Other Laws

answered on 24-Feb-25 21:23

What is basic difference between void contact and void agreement??

latest answer

Thank you mam

M Pavan

M Pavan

CA Foundation

290

2

187

Auction sale sec(64)

Corporate & Other Laws

answered on 03-Mar-25 15:35

This question little bit confusing , what is the answer with explanation??

latest answer

If the right to bid is not notified, it only means the seller cannot bid or appoint someone to bid; public participation is still allowed. RN Association, being the auctioneer and not the seller, cannot bid or direct someone to bid on its behalf. Section 64 applies only to the seller and restricts bidding unless expressly notified. In the second case, if Mr. Dheer was a genuine bidder and not acting for the seller, the sale is lawful. If the seller had bid without notifying the right to bid, the sale would be fraudulent under Section 64.

M Pavan

M Pavan

CA Foundation

290

3

11K+

Quants

CFA

answered on 22-Feb-25 21:22

Please explain difference between real risk free rate vs nominal risk free rates

latest answer

Real Rf is without considering for inflation Nominal Rf is including inflation

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

1

154

Register of members

Corporate & Other Laws

answered on 24-Feb-25 07:03

To keep register at the place other than registrar office More than 1/10 th of the members entered in the register shall reside. Here can we write 10% instead of 1/10 th

latest answer

Ok. Thank you

Lathika

Lathika

CA Inter

6K+

2

194

RESHEDULE FROM TO NOV 2025

CFA

answered on 22-Feb-25 18:28

Hello sir, Can I reschedule cfa level I from may 25 to nov 25

latest answer

That I am not aware offhand Pls search for in terms of scholarship I think there is a specific provision abt this in those terms

Vinaykumar Dannuri

Vinaykumar Dannuri

CA Final

9K+

3

244

Illustration 31

AFM

answered on 22-Feb-25 18:27

Why did we compared it with Rs 58/- as 58 is futures price after 3 months but spot price after 3m is Rs 57/- so at the 3 month end we will sell at 59/- and then we will buy at Rs 57/- na why will buy at 58

latest answer

Futures

Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

18K+

1

277

Company accounts ca foundation

Accountancy

answered on 22-Feb-25 09:57

How many marks would icai deduct for not writing the narration for a 15 mark question

latest answer

2 marks

Swania Shaji

Swania Shaji

CA Inter

0

1

274

earnings available for debt service

Financial Management

answered on 22-Feb-25 08:56

Sir, why is depreciation included in earnings available for debt service its an expense right how could it be included in earnings

latest answer

It is non cash item so cash has not actually not gone out So money is still available with us to use First use if that money are interest and principal repayments

Sandeep

Sandeep

CA Inter

50

1

272