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Illustration 19
Financial Reporting
answered on 19-Nov-24 14:29
Sir, In this question, i had the following doubts: 1.The payment of Rs 20L to the founder, how will it be shown in financials. 2. The replacement award for post acquisition of Rs 5.5L why it has not been reflected in financial, where shall it be shown.
latest answer
welcome
Hrishikesh Pradhan
CA Final
★ 18K+
3
421
FSA
CFA
answered on 16-Nov-24 15:25
Answer for this question some say it's A and others say it's C pls verify
latest answer
I've got the ans it's c thank you
Dhakshana Dhakshana
CFA L2
★ 18K+
1
390
Rebate
Direct Taxation
answered on 17-Nov-24 12:03
Under default tax regime what amt will be rebate? Lower of Tax payable or 12500 Or Lower of tax payable or 25000 Which is currect?
latest answer
Lower of tax payable or 25000
Ajaykumar Parit
CA Inter
★ 815
3
609
Quants
CFA
answered on 16-Nov-24 06:42
What does kurtosis actually mean?we have different types of it but how does these help us in investing decision like..a negatively skewed is considered risky because prob of -ve returns outweigh +ve similarly how kurtosis help us and what does kurtosis mean
latest answer
Kurtosis
Dhakshana Dhakshana
CFA L2
★ 18K+
1
415
tax
Direct Taxation
answered on 16-Nov-24 12:59
optional tax regime means who pay tax under 115 bac?
latest answer
Optional means who shifted out of Section 115BAC.
Saniya Balekai
CA Inter
★ 285
2
598
Registration of charges
Corporate & Other Laws
answered on 22-Nov-24 14:03
Sir, I have a doubt in the chapter - Charges A company receives vehicle loan from a bank. Whether charge to be created on that asset?
latest answer
If company puts any of its property on charge against a loan, it must be registered. So generally the vehicle itself acts as collateral for the loan, hence registration is needed
Pravin Nesaraj
CA Inter
★ 32K+
2
401
Explanation
Auditing
answered on 17-Nov-24 18:34
This para means that segment information should be based on CFS not on SFS right
latest answer
Basically every entity is not required to present segment information. If they do, the auditor has to perform these procedures
07- Issac Jolly-XII C
CA Inter
★ 16K+
3
495
Balance with govt. authorities
Accountancy
answered on 15-Nov-24 17:03
Should we include balances with govt. authorities like GST input, prepaid taxes, under the head Other current assets or Short term loans and advances (asset)
latest answer
Others. Loans and advances are for loans or advances given.
Jaswanth P
CA Final
★ 0
1
445
Registration for CA Inter January 2025 Exam
Exams
answered on 15-Nov-24 17:10
While Making Application for Exam in the Guidance it is telling that to Convert Course if we are CONINT23 through Students Functions in SSP. But While Logging in to SSP Portal in Student Functions there is no Option for Conversion. My Course Validity (CONINT23) is Showing till 2029. Is there any Issues if I apply without Conversion as there is no Option seeing in my SSP Portal. Please help to Sort out this issue. Thank You
latest answer
You are already converted.
Muhammed Sabith
CA Inter
★ 0
3
762
Explain
Auditing
answered on 15-Nov-24 15:21
Explain the para and the highlighted point pls
latest answer
Impracticable means genuinely he should not be able to reach the location. There is practical difficulty. If it is any casual things which is possible but auditor is using that as an reason to avoid attendance of the physical count. Sufficient evidence must be there that he cannot reach the place with genuine difficulty. Basically this cannot be used as an excuse by the auditor to perform alternate procedures .
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
576