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Ind AS 105
Financial Reporting
answered on 19-Mar-25 10:34
Sir the ans shd have been Fair value less cost of sell right
latest answer
Lower of carrying amount and FV less cost to sell.
R Yashwanth Kumar
CA Final
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207
Illustration 19 - Recognition
Financial Reporting
answered on 19-Mar-25 10:46
[03:26] Sir, what will be debited in the parent P's standalone FS? (Can that be equity since it is not own equity instrument?)
latest answer
Okay, sir. Thank you.
Denz Philip
CA Final
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238
Doubt on investment in Subsidiary
Financial Reporting
answered on 18-Mar-25 10:18
How the account of Investment in Subsidiary gets closed?
latest answer
It will continue as investment. Will be closed on disposal
pooja lakshmi
CA Final
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243
Repayment of Loan
AFM
answered on 18-Mar-25 13:24
Sir, can we make an assumption that out of 250 lakhs, 150 lakhs is funded by the govt (as given in question), so the outflow in year 0 will be 100 lakhs and in year 15 it will be 150*0.315, i.e., 47.25 lakhs. Is this appropriate?
latest answer
Okay sir understood, thank you.
Raviteja Kusumanchi
Qualified CA
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Remitted by TT
AFM
answered on 18-Mar-25 09:36
Remitted by TT, means we shall have received na? then why we reduced from Nostro Account
latest answer
It means there was an outward remittance based on request of your customer
Hrishikesh Pradhan
Qualified CA
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236
Ind AS applicability
Financial Reporting
answered on 16-Jun-25 10:52
In question no.3, why we do consider ₹600 crores as on 31st march, 2015 made applicability of Ind AS for Company C (unlisted) beginning on or after 1st april, 2016. Instead Co. C is already achieved networth of ₹400 crores as on 31st march, 2014 which comes under Phase II, hence the applicability of Ind AS for company C should beginning on or after 1st april, 2017 only right?? then why in the answer it says, Ind AS applicable on or after 1st april, 2016???
latest answer
if company falls in. phase 1, apply from 1-4-2016 Else from 1-4-2017
Swetha Selvam
CA Final
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261
Unhedged portion
AFM
answered on 18-Mar-25 11:34
In illustration 75, for unhedged portion we used forward rate of 0.9301 but here we are using spot, why ?
latest answer
Pls watch full video. I used forward rate only check minute 23 onwards
Hrishikesh Pradhan
Qualified CA
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286
Illustration 8
Financial Reporting
answered on 18-Mar-25 10:55
Why was the principal, paid at the end of year 2, not deducted to arrive at the balance of financial liability?
latest answer
You can assume that even interest was not paid and solve it accordingly. But we cannot assume that principal was paid on 31st Dec since on this date the renegotiation happened. But in exams follow what we discussed in class.
Ruthvik Reddy Adala
CA Final
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Ind AS 105
Financial Reporting
answered on 18-Mar-25 10:29
Sir in screenshot, is it means in parents CFS, profit of subsidiary from continuing and discontinuing operations bifurcate between owners share and NCI,
latest answer
Yes
R Yashwanth Kumar
CA Final
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251
subsidiary books
Accountancy
answered on 17-Mar-25 20:48
in the book there is first journal entries and ledger then trial balances and then subsidiary books but in this accounts course there is first subsidiary and then journal, ledger and trial balance.
latest answer
Pls follow video sequence
Rudransh Aheer
CA Foundation
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311