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Cancellation and Settlement
Financial Reporting
answered on 11-Nov-24 13:44
On Illustration 16 - We are reversing the SBP reserve only to the extend of FV of options at the time of cancellation. what will happen to balance SBP reserve i.e., 23,40,000 - 16,20,000? In the same question, expense it off the excess amount between FV of option on cancellation and Payment made. It look like we are expense it off double time one is recognizing the balance amount and the excess amount. Explain it further on the same.
latest answer
The balance in equity will remain in equity. You can transfer it to retained earnings. It looks like we are expensing it twice, but what happens in on the settlement date, the FV is only 100 but we paid 110. i.e. 10 extra. This extra is paid to kind of compensate the employees for accepting cancellation. Hope its clear. If not let me know.
Nivethithaa S
CA Final
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Illustration 1
Financial Reporting
answered on 21-Jul-25 14:11
Sir, Why we did 12-11, logically we paid Rs 2 extra (12-10) as now equity shareholders will get Rs 2 less
latest answer
Logic While accounting for financial liability as per Ind AS 109, we would have considered the redemption amount as 11. Now we are paying 1 extra.
Hrishikesh Pradhan
Qualified CA
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588
Final registration
Others
answered on 07-Nov-24 19:10
I cleared my intermediate and now I'm going to register for the Finals, in the registration process it is asking to submit intermediate marks sheet, what is that? Is it our screenshot we take on that result website?
latest answer
Ok sir thank you
Prasad Ramasamy
CA Final
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550
Advanced Capital Budgeting Decisions
AFM
answered on 07-Nov-24 20:47
In this question why we are not considering depreciation Rs. 10 Lacs. Also is that fixed cost of Rs. 10 lacs given the same as depreciation. If so then it had to be added back to CFAT. ?
latest answer
correct
R M
ACCA Professional
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6
651
Cost of Preference shares
Financial Management
answered on 07-Nov-24 15:17
Why the value of preference dividend is calculated at per share value instead of Rs. 20000 ie. 2000 shares of Rs 100 each at 10%.
latest answer
All the other figures used in the calculation are per share figures, and so we use preference dividend per share. You could use the total preference dividend, but you would accordingly have to do the same for all the other numbers This is just simpler. Answer remains same both ways
Rajasekaran Suresh
CA Inter
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1
553
Permanent exemption
Exams
answered on 07-Nov-24 21:15
Sir, if after applying for permanent exemption through ssp portal, did I have to fill any information in exemption option in exam form or let leave as it is
latest answer
Ok, thankyou sir
Shruti Shete
CA Inter
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2
696
Chapter 2 Types of Duties - 8 Point
Indirect Taxation
answered on 07-Nov-24 15:22
Sir as i was referring to the printed module which i received I think that there's mistake in Sec 8 Conditions . Kindly request you to Clarify my Doubt.
latest answer
Will check and revert. What exactly is your doubt ?
Mohammed Rizwan khan
CA Final
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265
Unpaid Dividend Account-Sec 124
Corporate & Other Laws
answered on 07-Nov-24 14:04
In this The dividend remains unpaid or unclaimed is transferred to UDA account in 7 days of expiry of 30 days. My doubt is unpaid amount means dividend not paid by company , while transferring to UDA is it considered that unpaid dividend has been paid by it.
latest answer
In this context, yep
Lathika
CA Inter
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5
681
basic doubt
Indirect Taxation
answered on 07-Nov-24 15:23
there are many sections in GST, just want to understand on whose perspective we have to see whether it is supplier or recipient and whose in case of FCM and RCM (especially in case of value of supply, time of supply, place of supply)
latest answer
Supplier. In case of RCM, from recipient perspective.
3007_ gnanavel
CA Inter
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1
234
illustration 17 - business combination
Financial Reporting
answered on 07-Nov-24 15:54
Should the write off of abnormal item of inventory and appreciation of inventory be also considered while finding the closing balance of P&L of YLtd in the 2nd working note (even if it is not asked in the current question)?
latest answer
its given in the question that abnormal item to be written off.
Ali S
CA Final
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