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Financial Management
answered on 22-Nov-24 10:04
Sir , can you please send answer book I will recheck Because, there is no more time for enrolled course Due to my delivery and postpartum time I'm not prepared well For that I will write some other day So, answer book will available
latest answer
You can submit it later and it will be evaluated.
anju B
CA Inter
★ 21K+
1
446
S.32(1)(iia)
Direct Taxation
answered on 13-Nov-24 09:51
is additional depreciation allowed as deduction only in the year of acquisition of new plant or machinery (or) available in the subsequent years also?
latest answer
Only in year of acquisition
Girinath A
CA Inter
★ 765
1
414
Journal entry
Costing
answered on 27-Nov-24 15:42
Manufacturing overhead charged to production 77,200 My Ans:manufacturing overhead control A/C Dr 77200 To cost ledger control A/C. 77200 Icai material answer Work in progress control A/c Dr 77200 To manufacturing overhead control A/C 77,200 Why this differences sir?
latest answer
Charged to production means absorbed by production. So it should be Dr. WIP Cr Production OH Control Account. When you incur expenditure, the entry would be Dr. OH control Account Cr. cost Ledger Control Ac. It reflects the initial recording of manufacturing overheads into the cost system, not yet allocated to production.
Tamil Selvi
CA Inter
★ 0
1
250
Whether investment property
Financial Reporting
answered on 13-Nov-24 12:41
If there is building as well with the land, and use of it is not decided the purpose of it, will it still be investment property?
latest answer
Generally once the building is constructed, the usage will be determined. No one would construct a building just for sake of it. Where as in case of land, someone may buy land and hold it.
Manu Jacob
CA Final
★ 6K+
1
386
illustration 28 - business combinations
Financial Reporting
answered on 13-Nov-24 12:37
In this question, instead of using 33.33% at the time of finding net assets of Z, can't we take 100% of net assets and show the 66.67% as Non controlling interest using proportionate share of net assets, as we did in the case of other questions?
latest answer
You can think of it as we have acquired 33% of the business.
Ali S
CA Final
★ 8K+
2
381
Opportunity cost
AFM
answered on 13-Nov-24 10:30
In sub-question (vi), we have taken the appreciation in share price post merger for comparison whereas ICAI has taken the earnings yield & as a result the answers are completely opposite to each other. In exam, should we solve in both the methods or will marks be awarded if we take the first view and make an appropriate assumption.
latest answer
Ok sir
Vigneshwar M
CA Final
★ 2K+
4
389
HB pencil is not fully wiping the letter (Ex. A or B or C )
Others
answered on 13-Nov-24 07:20
When I fill the OMR sheet, with HB pecil, some shade of letter is appearing lightly. Even I repeatedly tried I could not mark up to my satisfaction. But,in example shown in second page, they are showing zed black circles. Please clarify whether my question could be read my OMR scanner. Plese give suggestions. Which brand pencil is better.
latest answer
You can try Apsara or Faber-castell brand
BHAMIDIPATI NARASIMHA SARMA
CA Inter
★ 0
2
489
can registered person whose turnover in the current year exceeds 1.5 crores still opt for composition scheme, given his turnover in the previous financial year was less than 1.5 crores, or does he have to mandatorily withdraw from the scheme
Indirect Taxation
answered on 12-Nov-24 14:27
Sir, can registered person whose turnover in the current year exceeds 1.5 crores still opt for composition scheme, given his turnover in the previous financial year was less than 1.5 crores, or does he have to mandatorily file an intimation and withdraw from the composition scheme .
latest answer
Person needs to withdraw from the composition scheme
Dova Shaji
CA Inter
★ 520
1
395
PPY question
Costing
answered on 12-Nov-24 10:57
How hours worked by Mr. Z is calculated? I am having doubts because in the soln below for the overtime caln is accounted for 2 times. But why ?
latest answer
What they have done is, they calculated the hours for: Days he worked Normal hours + Days he was overtime (by overtime, here in this calculation, they meant any day he worked more than 8 hours. They've considered the entire hours of such days) + holidays worked If you see further below, they have taken only 2 hours to calculate the overtime wage payable Hope you understood
Rajaveni Ramaiyan
CA Inter
★ 3K+
1
418
IBS
Exams
answered on 22-Nov-24 15:19
Hi sir, In IBS PAPE 6 CA FINAL like out of 5 questions can we attempt all 5, Because MCQs are also there Will they consider based on question for which we got more marks
latest answer
Yes
R Yashwanth Kumar
CA Final
★ 87K+
1
465