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Illustration 10
Financial Reporting
answered on 13-Aug-24 12:06
In question, it has been mentioned that there is no synergistic Goodwill attributable to other CGUs. Then why there is Goodwill Allocation to CGU1. If Asset allocation not given in question, then in such case , whether still GW would have been allocated to CGU 1, sir?
latest answer
Synergy goodwill is not attributable. Normal goodwill is attributable.
Swathi S
CA Final
★ 975
1
160
Illustration 9
Financial Reporting
answered on 12-May-25 12:20
Provision for Liability (i.e. Rs.500) would have been already adjusted towards cost of the asset(i.e. debit will be given to Asset account & credit ill be given to Provision for decommissioning account). Then why are we taking Rs.1000 as Carrying amount excluding liability, sir?
latest answer
When we recognise decommissioning the entry is Dr. PPE Cr. Liability for decommissioning. Here we are adding to the cost of PPE (not deducting) When I transfer the asset, I also need to transfer the liability. Here I need to deduct to get to the net amount transferred. Hope its clear.
Swathi S
CA Final
★ 975
3
207
AS 10 MCQ
Accountancy
answered on 13-Aug-24 11:45
Why the answer is not 1,00,000 but 1,08,000?
latest answer
Will update the answer. Thanks.
Niveta Rajkumar
CA Inter
★ 6K+
3
360
AS 10
Accountancy
answered on 09-Aug-24 09:26
what is the difference between carrying amount and written down value wrt the concepts of AS 10 ?
latest answer
Carrying value is the value of the asset that appears in the balancesheet Written down value is the value of the asset after it has been reduced due to impairement or depreciation
Niveta Rajkumar
CA Inter
★ 6K+
2
311
Economic full portions needed
Economics
answered on 08-Aug-24 20:41
Sir I need full economic portions as video class here only chapter 1 and 2 are given
latest answer
Shared from *1FIN by Indigolearn* Paper 4 -Business Economics (New) https://1fin.link/course/jggqpc
Arulin R
CA Foundation
★ 630
2
206
Internal Reconstruction
Accountancy
answered on 09-Aug-24 20:23
Please explain journal entry no. 5
latest answer
Better
Sagar Kathuria
CA Final
★ 3K+
4
289
Material cost
Costing
answered on 09-Aug-24 09:30
In the may 2019 RTP , given pdf , material cost question number 1 , in the solution while computation of reorder level , value of annual consumption of raw material is taken as 18200 kg i.e before subtracting opening stock . While ,in july 2021 RTP given pdf , material cost question number 1 , in the solution while computation of reorder level , value of annual consumption of raw material is taken as 70800 kg i.e. after subtracting opening stock. So , which is the correct method with reasons and what should be followed in exam ?
latest answer
If the question doesn't specify anything, use the total consumption before subtracting the opening stock, like in the May 2019 RTP.If the question specifies to exclude opening stock, then follow the July 2021 RTP method.Always follow the question's instructions, but if unclear, it's safer to use the total consumption before subtracting the opening stock.
Anirved Rahatgaonkar
CA Inter
★ 0
1
326
Applicability for Nov 24 Final exam
Exams
answered on 08-Aug-24 18:15
Sir, I passed CA intermediate in May 2024. I also completed my articleship training for 3 years in Jan 2024. Till today I didn't register for the CA Final Course but I'm going to register for the CA Final Course within August 15th 2024. Am I eligible for Nov 2024 CA final exam?
latest answer
You need to be registered before filing form. Pls cross check with icai once
Pavi S
CA Final
★ 280
1
340
Applicability for Nov 2024
Exams
answered on 09-Aug-24 09:38
Sir, I passed CA intermediate in May 2024.Till today I didn't register for the CA Final Course but I'm going to register for the CA Final Course within August 15th 2024. Am I eligible for Nov 2024 CA final exam?
latest answer
No, you have to undergo 2 years of articleship. After that you are eligible to write CA Final exams
Pavi S
CA Final
★ 280
1
291
In my laptop this new features of tally not showing
Others
answered on 19-Aug-24 16:54
In my laptop this new features of tally not showing
latest answer
pls update to latest version.
R G
CA Inter
★ 9K+
1
216