Forums
Advanced Capital Budgeting
AFM
answered on 26-Mar-25 19:40
Sir, not getting this formula which is used. ? Why we are squaring the DF here?
latest answer
Ok sir. Thankyou.
R M
ACCA Professional
★ 4K+
2
315
IND AS 116
Financial Reporting
answered on 03-Apr-25 12:01
Sir why we did not consider the year lease payment of 1.95 lakhs, to check whether after modification it continues to be a finance lease or operating lease,,,,,, kindly clarify this doubt with explanation because we need to check as modification was applied on inception to check whether it continues to be finance lease or need to change to operating lease and amt to be considered in year 2 & 3 shd be 1.9Lakhs right ,
latest answer
Its two years lease after modification. So we have considered 2 years.
R Yashwanth Kumar
CA Final
★ 87K+
4
328
Question bank
Indirect Taxation
answered on 27-Mar-25 16:36
I am unable to find the chapter wise question bank
latest answer
Will share that as well.
venu gopal
CA Inter
★ 0
1
276
Question for revision
Financial Reporting
answered on 31-Mar-25 18:19
Hi sir! Your video about examiners comment have given me perspective of how small details are impactful. Thank you for the video sir. Could you help me with list of questions for revision (important pointers) for may 25 ? Could you suggest a plan for FR revision for last one month?
latest answer
Will release imp questions list this week.
Deepika Kashyab
CA Final
★ 300
6
329
Advanced Capital Budgeting Decisions
AFM
answered on 26-Mar-25 16:41
Evaluation of EMV: At outcome point B why aren't we considering failure amount -2 Lakhs? In case of failure also we still have an option for investing 12L. What is actually meant by EMV
latest answer
Got it Sir. Thank you!
R M
ACCA Professional
★ 4K+
2
254
CARO Applicability
Auditing
answered on 28-Mar-25 17:59
1. The small company (pvt ltd) having borrowings> 1cr . Will CARO apply? 2. The non- small company where PUSC+R&S<1cr and borrowings< 1cr. Will CARO apply?
latest answer
To small companies CARO will not apply. Non small company but it should be a private company only. Then check with limits of PUC, reserves and surplus, total income and borrowing. Check with para 1 of CARO , you wil get clear understanding .
DIVYA S
CA Final
★ 60K+
1
269
Retrospective change- Impracticable scenerio's
Financial Reporting
answered on 26-Mar-25 11:52
Sir, do we need to give 3 Balance sheets even if we are applying the changes in the accounting policies prospectively (i.e., impracticable scenario in the application of retrospective)?
latest answer
No
Chaitanya Sai Gupta
CA Final
★ 4K+
1
399
Max refund in case of Inverted duty structure
Indirect Taxation
answered on 27-Mar-25 16:39
Why is Tax Payable on inverted rated supply of goods and services not multiplied with Net ITC/ ITC availed on inputs and input services? ICAI solution has 90000, if we multiply with the above. Please confirm which one to follow. Attached material solution(Illustration 6 of ICAI material) for your reference sir.
latest answer
We should multiply tax payable on inverted rated supply * Net ITC/ ITC on inputs and input services.
Raviteja Kusumanchi
Qualified CA
★ 42K+
1
564
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
339
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
★ 1K+
1
265