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Preparation of financial statement
Accountancy
answered on 12-Nov-24 08:41
Changes in closing and opening wip why?
latest answer
What is your doubt?
Dharshana Rajkumar
CA Inter
★ 2K+
1
464
E-Way Bill
Indirect Taxation
answered on 12-Nov-24 09:28
In case, if a business is transporting goods from one of it's godown to another godown, either within the state or outside the state. Do we still have to generate E-way Bill?
latest answer
Taxable value including GST.
sravani kanigiri
CA Final
★ 140
4
437
CDOs
CFA
answered on 12-Nov-24 10:11
What is Collateralized debt obligation and how is it different from ABS
latest answer
ABS is a Security created by pooling various loans CDO is created by pooling various loans and also an ABS into it
Dhakshana Dhakshana
CFA L2
★ 18K+
1
382
Decision regarding group
Exams
answered on 12-Nov-24 10:35
I wrote group 1 of ca inter in may 24 and couldn't able to clear because of aggregate and wrote group 2 of ca inter in sep 24 and wasn't able to clear because of audit and aggregate now I am in the state of confusion in deciding which group should I give in jan 25 is it either one group or both or group 1 plus one or two paper in group 2 Please guide me in deciding
latest answer
Ok sir :) Thank you for the guidance
Sowmya
CA Inter
★ 45K+
2
468
Entity
Accountancy
answered on 12-Nov-24 08:30
What does level 1entity means?
latest answer
Level I entities are large size entities (i) Entities whose securities are listed or are in the process of listing on any stock exchange, whether in India or outside India. (ii) Banks (including co-operative banks), financial institutions or entities carrying on insurance business. (iii) All entities engaged in commercial, industrial or business activities, whose turnover (excluding other income) exceeds rupees two-fifty crore in the immediately preceding accounting year. (iv) All entities engaged in commercial, industrial or business activities having borrowings (including public deposits) in excess of rupees fifty crore at any time during the immediately preceding accounting year. (v) Holding and subsidiary entities of any one of the above.
Kaaviya Priya
CA Inter
★ 890
1
202
Doubt on amount considered
Financial Reporting
answered on 13-Nov-24 12:42
Sir,why it is considered 6 million as the cost of overhaul in y6 while in the question it is specified as 5 million
latest answer
5 is estimated at beginning. Around 3:25, I have mentioned that let's assume it actually turns out to be 6.
Abhinav K A
CA Final
★ 2K+
1
161
MRGINAL RELIEF
Direct Taxation
answered on 12-Nov-24 09:22
AFTER CALCULATING MARGINAL RELIEF WHICH TAX HAVE TO PAY ? WHETHER THE TAX AFTER CALCULATING MARGINAL RELIEF OR NORMAL ONE?
latest answer
Need to pay tax after calculating the marginal relief
Saniya Balekai
CA Inter
★ 285
2
417
Deductions
Direct Taxation
answered on 12-Nov-24 09:31
Deductions ₹10,000 and interest earned or total income which amount less
latest answer
Deductions under Chapter VIA cannot exceed total income. As per Section 80TTA, deduction for interest on savings bank account is interest or 10K whichever is lower.
mohamed rafiq
CA Inter
★ 100
1
429
Syllabus covered
Accountancy
answered on 12-Nov-24 08:33
"I have questions regarding the syllabus. AS 19 was not included in my syllabus but was covered in the CMA Inter Financial Accounting topics. Could you please let me know which topics covered are not part of the CMA Institute material? Additionally, for the topics covered, could you clarify which sections in the CMA Institute books they apply to? Thank you, and I request that you provide these details."
latest answer
AS 19 Leases is covered in CMA Inter as Lease Accounting.All the topics that we teach are covered in CMA material.
Kathiravan Arunagiri
CMA Inter
★ 0
1
189
Value of original shareholders
AFM
answered on 12-Nov-24 12:52
In the study material, the pre-acquisition value of 211.05 Crs has been apportioned in the post acquisition % of share in the combined entity. Isn't it fundamentally not correct? That is, either they should've applied the percentages on post acquisition market value of the company or they could've simply started the pre acquisition values computed in sub-question (i)
latest answer
Ok sir :)
Vigneshwar M
CA Final
★ 2K+
12
310