Forums
Exam preparation
Others
answered on 17-Jan-25 11:22
Is it possible to clear inter both groups with 2 months of preparation
latest answer
Thank you
Shwetha Ram
CA Inter
★ 6K+
4
238
Forex - Illustration 77
AFM
answered on 17-Jan-25 09:58
How to interpret the txn " Draft on London cancelled" as it is in the Purchase column of the exchange position
latest answer
Yes
Vigneshwar M
CA Final
★ 2K+
3
221
Sir 99y after flats ka kaya hota hai sir
Direct Taxation
answered on 20-Jan-25 23:11
Flats ko diminishing after sir all flats owner come together create one society then give money to engineer to building create flats sir
latest answer
It is pure construction contract by society to engineer.
R G
CA Inter
★ 9K+
1
215
Conclusion sir Means sir if > 12m hoga to LTCG ,>24month LTCG ,>36 MONTHS LTCG
Direct Taxation
answered on 20-Jan-25 23:11
<= 12 months hoga to STCG, <=24 months hoga to STCG ,<=36Months hoga to STCG SIR MY conclusion correct
latest answer
Yes right.
R G
CA Inter
★ 9K+
2
205
For firm can partner be same?
Auditing
answered on 16-Jan-25 23:14
For firm can partner be same for the 2 terms of 5 years?
latest answer
Yes. But threats have to he evaluated. If familiarity threat develops, there needs a change
Manu Jacob
CA Final
★ 6K+
1
170
Doubt
Auditing
answered on 22-Jan-25 20:28
To register as network, for eg KPMG i. Who initiates form A, is it BSR or KPMG who starts the process ii. Who is doing all procedures with ICAI iii. Is the network name KPMG or BSR and affiliates Please explain
latest answer
KPMG will do it And structure name is also KPMG .
Manu Jacob
CA Final
★ 6K+
1
217
Sir my Q sir when company buy back sir is compulsory or optional investor nothing but unit holder choice to give back to company or compulsory to give back unit to company sir
Direct Taxation
answered on 20-Jan-25 23:12
Or sir is this concept buy back same as account concept law concept
latest answer
Buyback is like an open offer.
R G
CA Inter
★ 9K+
1
262
if earlier it was carried at FV
Financial Reporting
answered on 16-Jan-25 11:12
Sir what if the Asset as per Ind AS 16 earlier was carried under FV considering revaluation model, now its transfere to Investment property, now the carrying amount will be the carrying amount earlier (FV was the carrying amount earlier) or need to recompute the cost..
latest answer
Carrying amount will not be changed. So carrying amount as per Ind AS 16 will be considered. As per Ind AS 40 Transfers between investment property, owner-occupied property and inventories do not change the carrying amount of the property transferred and they do not change the cost of that property for measurement or disclosure purposes
Hemachandra D
CA Final
★ 9K+
1
280
Break even point
Costing
answered on 20-Jan-25 13:47
Mefttal Ltd. is currently operating at 60% of its total capacity which is 1.5 times than the previous year. The total capacity of the company is 2,00,000 units. Other information relating to the production is provided below: (i) The total cost of production for the current year is ` 59,28,000, and for the previous year, it was ` 44,72,000. (iii) No changes are anticipated in the cost structure for the upcoming years. Selling price is ` 52 per unit and is expected to remain the same in the coming years You are required to CALCULATE Break-Even Point (in units). (a) 1,20,000 units (b) 40,000 units (c) 80,000 units (d) 1,00,000 units
latest answer
Answer is D i.e 1,00,000 units. Use the concept of Semi-Variable cost to solve the problem. Variable cost per unit = Difference in total cost / Difference in level of Sales. From the above formula, you will get to know Variable cost per unit and Fixed Cost. that is Variable cost is ₹36.4 and FC is 15,60,000. Sales - Variable cost = Contribution Margin, i.e 52- 36.4 = 15.6 BEP (units) = Fixed Cost / Contribution Margin per unit, i.e 15,60,000/₹15.6 = 1,00,000 units.
Preethi S
CA Inter
★ 2K+
1
299
Difference between parttime partners and a person who holds partnership at multiple firms?
Auditing
answered on 15-Jan-25 21:09
Difference between parttime partners and a person who holds partnership at multiple firms? If a person holds partnership at more than 1 firm, wont he be part time?
latest answer
A part-time partner is associated with a firm on a limited basis, often not contributing full-time to the operations. May have restricted rights in decision-making and profit-sharing, depending on the partnership agreement. Partner in Multiple Firms A partner in multiple firms is a CA who is simultaneously a full-fledged partner in two or more CA firms. Actively contributes to the operations of multiple firms.
Manu Jacob
CA Final
★ 6K+
1
272