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illustration 2

Financial Reporting

answered on 07-Nov-24 16:08

employee benefit, illustration 2, my understanding

latest answer

30,00,000 will be paid even if the employee takes full 10 days of leave. It is not that out of 30,00,000 he will be paid for days worked and leaves taken. Hope it is clear.

suresh khannanl

suresh khannanl

CA Final

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illustration 1

Financial Reporting

answered on 02-Nov-24 10:36

sir, total days 300 days+utilsed leave 8 days+unutilised leave 2 days=total 310 days why you took only 302 days, as the utilsed leave and unutilised both is included in 300 days, then why not this 2 days unutilsed , if total 10 days not included in 300 days then, is it not paid leaves

latest answer

Working days is total days that an employee could work ( or think of it as number of days that the company is open) If employee takes all 10 days leave, he would still be paid for 300 days If he takes 8 leaves, he would be paid for 2 days leaves which was not taken. does this address your doubt or you had some other doubt?

suresh khannanl

suresh khannanl

CA Final

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456

Ethics

CFA

answered on 30-Oct-24 12:32

They say answer is option C not sure how accurate is that But I feel like it's option A pls say what's the answer

latest answer

Objectivity or add to compensation

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

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354

Articles related

Others

answered on 30-Oct-24 13:08

Hi sir...I passed my CA inter today. And there is speculation that I have to register for my articles within tomorrow to be eligible for may 27 exams.can I register today for articles? My student card is not updated yet sir? Is it possible to register today sir ? Please answer this sir.URGENT (PS: I have already attended the interview and got selected in one firm)

latest answer

Okk sir thanks for the reply

Pragathish M

Pragathish M

CA Final

46K+

7

442

Change in Tax Rate

Financial Reporting

answered on 30-Oct-24 11:42

Sir, let us take an hypothetical example where tax rate i assumed was 30% but later due to facts and circumstances the rate was changed to 25% and let us assume that such rate was changed after the year end. So, do we restate the DTA or DTL already created , if not then what do we do ?

latest answer

Rate should be as per applicable act. So there cannot be confusion

Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

18K+

2

374

Income Tax Slabs and Provisions

Exams

answered on 30-Oct-24 10:23

I have a doubt that the syllabus taught in these videos are applicable for the May 2025 exam and onwards because I am going to write my exam in May 2025 or Sep 2025. As there are some changes made in the slabs and other provisions so will this be applicable for those exams?

latest answer

Most of the important stuff will be updated by Nov end

Deep P

Deep P

CA Inter

23K+

1

206

Doubt on the 2nd entry passed

Accountancy

answered on 18-Nov-24 16:41

How did you get the no of shares to be 10000

latest answer

10,00,000 / 100 Total share value divided by face value per share.

Dova Shaji

Dova Shaji

CA Inter

520

2

321

Explanation

Auditing

answered on 30-Oct-24 09:54

Example for allowance for bad and doubtful debts under relevant heads separately

latest answer

Meaning under currents assets

07- Issac Jolly-XII C

07- Issac Jolly-XII C

CA Inter

16K+

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462

Ind AS 116 Leases

Financial Reporting

answered on 29-Oct-24 18:27

Does the implicit rate include Guaranteed Residual Value by third parties ?

latest answer

Yes

M Naresh

M Naresh

CA Final

3K+

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496

Ind 110

Financial Reporting

answered on 29-Oct-24 16:09

Bonus happened on 28/2 so we can adjust out of post acquisition profits

latest answer

Better to consider pre acq as its simpler assumption

Ravi Teja

Ravi Teja

CA Final

20

1

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