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Illustration 50-Regarding PV of Lease Payments
Financial Reporting
answered on 09-Sep-24 17:33
When the lease payment schedule is revised the annual lease payments are Rs190000. So while checking for whether it is operating lease or finance lease; we need to check the condition of PV of lease payments has substantially covered the fair value of asset. During computation of revised pv of lease payments, the fixed lease rent is taken as 195000. Should it be taken as 190000 and then computed? then the pv of revised lease payments will be (190000*1.9484)+(350000*0.8996)=685056.
latest answer
Ok sir. Thankyou
S Shriram
CA Final
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179
Forex - Fate of forward contracts
AFM
answered on 03-Sep-24 12:49
Sir, in case of cancellation on due date, why is interest not calculated ? because if in interbank if bank had agreed to buy , now on due date it has to honor the contract , so it needs to BUY and SELL @ spot rate on the same date , there is inflow and outflow right ? can u please explain why interest is not considered.
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Thank you sir
Enuguru Sai Nithin
CA Final
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258
AS 29
Accountancy
answered on 02-Sep-24 08:30
Question:- Chaos ltd entered into an agreement to supply 1 lac face masks to D ltd by 30th April 2022, failing which it will have to pay a penalty of Rs 10 per item not supplied .On 31st March 2022 chaos ltd assessed it could not supply 50000 face masks to D ltd on 30th april 2022. Doubt: in this question why cant i say there is present obligation for chaos ltd to pay penalty for 50000 goods as on 31st march 2022 since chaos ltd themselves has estimated that they wouldnt be abled to supply 1 lac goods to D ltd within time.
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thanks for clarity
Niveta Rajkumar
CA Inter
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276
Nastro account
AFM
answered on 01-Sep-24 20:31
Sir, in this sum why are we adding draft on London cancelled to over bought position? It should be other way around right please clarify.
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When a draft issued to a customer you have sold gbp to a customer. When it is cancelled reverse happens
kabilan sam
CA Inter
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230
Share capital and debentures
Corporate & Other Laws
answered on 02-Sep-24 20:56
What is the ans for the Question?
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Section 56 - Where an application is made by the transferor alone and relates to partly paid shares, the transfer shall not be registered, unless the company gives the notice of the application, in such manner as may be prescribed, to the transferee and the transferee gives no objection to the transfer within two weeks from the receipt of notice. Ans: 2 March + 2 weeks = 16 March
Lucky Ten
CA Inter
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3
225
Share capital and debentures
Corporate & Other Laws
answered on 03-Sep-24 11:20
How to find the ans ? Method ?
latest answer
I understand. If it is a theory question, then we can state assumption and give the answer. Mostly such MCQ with half details won't come in exam. But if they do, you can make a reasonable assumption and shoot your shot.
Lucky Ten
CA Inter
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254
Question assumption
AFM
answered on 01-Sep-24 20:35
Sir , In exam when reading the question if I understand, for example in the question says that , " the company retains 50% of its earnings which are Rs.10 per share" as 50% of retained earnings is Rs.10 so the 100% EPS is Rs.20. by giving the note in assumption ?
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Yes Sir 🙌
Prethivi Rajan
CA Final
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AS 18
Accountancy
answered on 02-Sep-24 13:40
XYZ Limited is a 100% subsidiary of ABC Limited which of the following are related party transaction for the purpose of consolidation of financial statement. A salary paid to employees of XYZ Limited B loans given to employees of ABC Limited C intercompany sales between holding and subsidiary D loan given to managing director ABC Limited E transfer of assets by ABC limited to its subsidiary
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In case of consolidated financial statements, intra group transactions are eliminated. So C & E will not be reflected in financial statements. So D is the correct answer.
Sakshi Chauhan
CA Inter
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210
FM Complier
Financial Management
answered on 31-Aug-24 19:45
Hi Sir, When FM Complier will be available
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thank you Sir
Hari Haran
CA Inter
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2
232
Charge chapter - Sec10 2A- composition scheme for service
Indirect Taxation
answered on 03-Sep-24 15:24
What is "from first day of FY to exceed threshold limit and liable to be registered " IGNORE FOR PAYING TAX ? THIS VIDEO AT LAST HE IS SAYING SOMETHING I DIDNT GET IT.
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Welcome.
vinodhene lakshmipathy
CA Final
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