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Derivatives
AFM
answered on 30-Jan-25 09:07
Sir why is this negative taken also it's not matching with forward contact working
latest answer
Thank you sir
Edwin jees
CA Final
★ 4K+
2
219
Things to look for before applying For IPO
Others
answered on 30-Jan-25 06:45
What are the important aspects one should look into before applying for an IPO and how&where can we find the Grey market price of the company about to be listed
latest answer
Grey market price is not publicly available just rumors and bulk item boards U cant try Chittorgarh.com for some indication of grey market price Factors to consider in ipo depends on investment horizon and is based security analysis and security valuation chapters that u study in CA final
Dhakshana Dhakshana
CFA L2
★ 18K+
1
239
Account
Accountancy
answered on 07-Feb-25 17:13
In a partnership account -1 the balance sheet in the question is given: Liabilities Sundry creditors:20000 Capitals: A:30000 B:20000 Assets: Sundry debtors:12000 Cash in hand: 3000 Stock:15000 Furniture:10000 Plant and machinery: 30000 Adjustments A,B are capitals C admitted and bought capital of 15000 And goodwill of 5000 for 1/6th share 2. The value of stock reduced by 10% and plant and machinery are appreciated by 10% 3. Furniture is revalued at 9000 4. Provision for doubtful debts is to be created on Sunday debtors at 5 % and rs. 200 is to be provided for an electriciry bill 5. Investment worth 1000( not mentioned in the balance sheet) is to be taken into account 6. A Creditor of rs.100 is not likely to claim his money and is to be written off How and where to written all these amongst revaluation account and partnership account and cash account balance sheet
latest answer
what is your doubt here?
HamsaLekha Tipparaju
CMA Foundation
★ 0
1
279
If there is a crop of duration 11 months, then can it remain over due for 22 months?
Auditing
answered on 29-Jan-25 17:59
If there is a crop of duration 11 months, then can it remain over due for 22 months?
latest answer
Yes . For 2 crop seasons. Calculate with the time period it takes. 11 months is short duration; so 2 crop seasons it has to be overdue. Then NPA
Manu Jacob
CA Final
★ 6K+
1
198
If the security guaranteed by government has not paid interest for more than 90 days is it still a performing asset?
Auditing
answered on 29-Jan-25 18:00
If the security guaranteed by government has not paid interest for more than 90 days is it still a performing asset?
latest answer
Yes by central government only. Not state government .
Manu Jacob
CA Final
★ 6K+
1
221
Nominal rate of return
Financial Reporting
answered on 29-Jan-25 10:42
sir we have considered the nominal cash flows, but discount ratae we havent adjusted for inflation, is it beacase the given discount rate considers all these ?
latest answer
It considers all factors. It is the nominal discount rate. Also interest rates by default are quoted as nominal.
Hemachandra D
CA Final
★ 9K+
1
260
If recoverabale amount can be calulated for asset
Financial Reporting
answered on 29-Jan-25 07:25
sir in case of recoverable amount of asset can be calculated and carrying amount > recovervable amount, but CGU is not impaired, in this case we need to impair asset as the recoverable amount can be calulated for the asset right ?
latest answer
Yes.
Hemachandra D
CA Final
★ 9K+
1
206
Sir why no amortisation for goodwill in this case ?
Financial Reporting
answered on 29-Jan-25 13:05
Sir why no amortisation for goodwill in this case ?
latest answer
I meant Ind AS 36. As per Ind AS 36 - Goodwill is to be tested for impairment annually. Ind AS 38 - Does not permit recognition of goodwill. Ind AS 103 on business combination - Does not prescribe amortisation for goodwill as provided by AS -14 Amalgamation
Hemachandra D
CA Final
★ 9K+
3
247
Resource
CFA
answered on 29-Jan-25 13:28
Sir can you suggest me a hardcopy of a book where in it covers cfa level 1 end of chapter questions, bluebox examples, additional questions Basically like question bank covering all parts of core reading Concept notes is not required as i have that, only concern is to cover maximum questions and it need to be one book like bible before exam😅
latest answer
Regret we are not aware of such books
Sugam SM
CA Final
★ 9K+
1
205
....
Accountancy
answered on 07-Feb-25 13:29
Sir, In the question it clearly said that, Anual rentals are 6lacs per 3years = 18lacs and Residual value guaranteed by Lessee is 2Lacs Total amount paid by Lessee to Lessor = 20lacs At the end of the 3rd year Lessor must get 20lacs where other 3lacs are Unguaranteed. As if we calculate present value, we got net investment as 17,96,980. I'm not understanding that what does Lessor get at the end of 3rd year... Will he get amount of 20lacs Or 17,96,980/- If get 17,96,980 at end of 3rd year... Then, what will happen to difference of 20lacs and 17,96,980 i.e 2,03,020/- Unearned finance income =5,03,020 include of 3lacs of Unguaranteed residual value 5,03,020-3, 00,000=2,03,020..????
latest answer
The total amount received by lessor is 18 lacs and 2 lacs. The difference is accounted as interest income.
Venkatesh Arva
CA Inter
★ 2K+
1
231