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Deferred Tax Asset - Carried forward losses - example
Financial Reporting
answered on 17-Sep-24 06:37
However, DTA & DTL are not be considered as they are not operational oriented assets. If so, even if the condition existed on Balance sheet date, We will not adjust it against Goodwill or Bargain purchase. Am, I right ,sir?
latest answer
Then recognise
Swathi S
CA Final
★ 975
3
243
Contingent liability
Financial Reporting
answered on 14-Sep-24 22:00
Conditions existing on Date of acquisition or Balance sheet date , sir?
latest answer
Date of acquisition
Swathi S
CA Final
★ 975
1
175
Doubt
Auditing
answered on 16-Sep-24 16:48
What are the chapters in corporate law I should revise before writing ca inter grp 2 auditing
latest answer
Thank you
Muthu Sudharsan A
CA Inter
★ 85
2
491
Options
CFA
answered on 15-Sep-24 07:14
Sir, I am getting confused between 1) buy a call 2) sell a call 3) buy a put 4) sell a put I understood the concept of put and call but how are the above different from each other what does buy /sell a call / put to one party mean for the other
latest answer
Options
Vasudha TK
CFA L1
★ 70
1
221
AS 19
Accountancy
answered on 16-Sep-24 12:52
Can anyone send me the solution?
latest answer
Which part do you have a doubt?
Mainak Chakraborty
CA Inter
★ 0
1
524
Query in Illustration 1
Financial Reporting
answered on 16-Sep-24 12:49
Hi, sir In the 2nd part of illustration 1, if the property was purchased for administrative purposes, wouldn't it be treated as PPE as per Ind AS 16?
latest answer
Amount wont change - Classification would be change.
Ruthvik Reddy Adala
CA Final
★ 5K+
1
562
Journal entries
Financial Reporting
answered on 16-Sep-24 12:50
Sir is it necessary to write narration for journal entries, If not written then will marks be deducted
latest answer
1-2 marks may be deducted Write narration in lesser words.
R Yashwanth Kumar
CA Final
★ 87K+
1
529
Difference between Excercise Price and Spot Price
AFM
answered on 25-Sep-24 11:53
Greeting Sir, There are few doubts in this question. (1) This question is based out of timing option and the question no. 30 is on the same length. Is there is any difference in those two question? (2) In this question, while calculating NPV after 1 year using Risk Neutral Approach, we have considered the Spot to be 2.5 Crore which is the cost of plant (i.e. the excercise price in the language of option) and we have said that this 2.5 crore would be either 1.2 crore (12/0.1) or 3.5 crore (35/0.1) after 1 year (assumed). Should we not consider the spot price (i.e. the PV of 21 lakh (21/0.1 = 2.1 crore)) for the purpose of Calculating the u and d? (3) If what we have done here is correct, then why we have not done the same in question no. 30? That brings me to my first question, is there any difference in these two question?
latest answer
We have updated the solution to Q30. You can check the same
Deepak Jain
CA Final
★ 0
5
208
Sec-80GGC
Direct Taxation
answered on 16-Sep-24 14:07
Is the deduction u/s 80GGC is available for LLP??
latest answer
Yes. It is.
Surya Prakash
CA Final
★ 19K+
2
524
Investment decisions
Financial Management
answered on 17-Sep-24 00:17
Practical problem no. 7 in ICAI material Doubt - the cash inflow is 3 year and 4 year by choosing the option given in question, then why it is not solved using 'Equivalent Annualized Criterion'. question Alley Pvt. Ltd. is planning to invest in a machinery that would cost ` 1,00,000 at the beginning of year 1. Net cash inflows from operations have been estimated at ` 36,000 per annum for 3 years. The company has two options for smooth functioning of the machinery - one is service, and another is replacement of parts. If the company opts to service a part of the machinery at the end of year 1 at ` 20,000, in such a case, the scrap value at the end of year 3 will be ` 25,000. However, if the company decides not to service the part, then it will have to be replaced at the end of year 2 at ` 30,800, and in this case, the machinery will work for the 4th year also and get operational cash inflow of ` 36,000 for the 4th year. It will have to be scrapped at the end of year 4 at ` 18,000. Assuming cost of capital at 10% and ignoring taxes, DETERMINE the purchase of this machinery based on the net present value of its cash flows. If the supplier gives a discount of ` 10,000 for purchase, what would be your decision?
latest answer
In general, EAB/EAC criteria is used when there is a comparison between two different projects having different pattern of annual cash flows with different project lives. In this question’s case, it is the same project with repair or replace option where in case of repair it is 3 years & replacement 4 years respectively. As it is the same project, it is just an extension and adjustment to the existing pattern & hence the cash flows can be brought down to NPV and a decision can be made accordingly.
Muhammed Salih
CA Inter
★ 18K+
1
681