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justify the answer
Accountancy
answered on 02-Apr-26 09:31
Shouldnt the revenue be recognized only after the customer's approval (as the inspection part is to be made by him/her )
latest answer
here agreement is not approval. Agreement is like entering into contract.
Rithu V
CA Inter
★ 4K+
1
55
Spot and forward
AFM
answered on 28-Mar-26 20:57
Sir please explain the difference between 3 months Spot and 3 months Forward.
latest answer
Understood sir, Thank you.
G Chandrakanta
CA Final
★ 15K+
2
65
explanation needed
Accountancy
answered on 04-Apr-26 09:42
Can you explain the reason why it is the right answer and why mine is not
latest answer
Can be called both.
Rithu V
CA Inter
★ 4K+
5
75
mcq test 2
Accountancy
answered on 16-Apr-26 09:21
A question on what is not to be considered as change in accounting policy has 4 answers but apart from the option which says there is a change in acc policy which is material, every other option is NOT to be considered as a change in the accounting estimate
latest answer
Can you please provide the screenshot of the question.
Rithu V
CA Inter
★ 4K+
1
53
Final amt of closing stock
Accountancy
answered on 07-Apr-26 17:07
Shouldnt the amt of closing stock be = 150k-12k(wrong estimate)+4k(correct estimate) [Video Time Stamp: 05:55]
latest answer
Yes, The closing stock will be 150000-(12000-4000) = 142000. We will correct and update the video and notes. Thankyou
Rithu V
CA Inter
★ 4K+
1
74
provision amount
Financial Reporting
answered on 27-Mar-26 18:36
Sir, I have one doubt in this question. At the initial stage of recognizing provision under Ind AS 37, would it be wrong if I take the provision as ₹10 lakhs instead of ₹7.5 lakhs? My understanding is that the 75% probability here indicates that payment of ₹10 lakhs is the most likely outcome, assuming there are only 2 possible outcomes: Pay ₹10 lakhs, or No payment required Please clarify whether this understanding is correct. [Video Time Stamp: 03:06]
latest answer
ICAI is not consistent in its application in such cases. In fact in the recent exams, they considered both options / assumptions in MCQ question. If its 10 lakhs and 0 - it is two outcome and can take 10 lakhs as well.
Abhinav K A
CA Final
★ 2K+
1
51
Ind as 116 leases separation of lease and non lease components when they are interrelated
Financial Reporting
answered on 30-Mar-26 10:37
Can't we consider this lease as non separable like lease and non lease components as the equipment is not separately leased without maintenance service and hence can be highly interrelated ?
latest answer
Yes. That assumption can also be taken. However, when the question has given breakup and also stand alone price, they want students to allcoate amounts between lease and non lease components.
MANJAPARA SAI SIRISHA
CA Final
★ 0
1
51
Responsibility centre
Costing
answered on 10-Apr-26 15:57
Sir can you please give me more examples for standard cost centre and discretionary cost centre? It's understandable but still need more clarification please
latest answer
Thank you sir🙏
Mohamed NOOR JAMILAH
CA Inter
★ 1K+
3
69
Computation of e
AFM
answered on 26-Mar-26 16:43
Good day Sir! In case they have not given the value of e in exam, can we compute that on the calci like how you have taught in one of the introductory videos and use that? or is it compulsory to use the simple interest method of computation. We can also give a note of the same computation right? [Video Time Stamp: 05:24]
latest answer
Depends on the question If they say use continuous compounding and do not provide value of e then use the calculator trick else use other methods
Varshini Rao
CA Final
★ 1K+
1
48
Mcq
Accountancy
answered on 08-Apr-26 09:22
Goods distributed as free samples ₹2,000. a) Asset ↓, Capital ↓ b) Asset ↓, Expense ↑ c) Expense ↓, Asset ↑ d) No effect What should be ans for this as according to me ans should be (b) as sample goods comes under marketing expense
latest answer
The answer is option (b). While distributing as free samples it is a advertisement expense and the inventory will decrease. In option (a) the capital is reducing. The capital will reduce only when the owner withdraw goods for personal use.
Shivam Arora
CA Foundation
★ 2K+
2
69