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AS 22
Accountancy
answered on 13-Aug-24 11:46
How to solve 7 th question. Method?
latest answer
https://youtu.be/WMJWDyKp3X0?si=6a4M0eQGxOsmMU_e
Lucky Ten
CA Inter
★ 0
1
365
PGBP ILLUSTRATION # 09
Direct Taxation
answered on 14-Aug-24 18:09
Sir how can we consider capital expenditure incurred on building incurred prior to PY ON warehousing of edible oil rupees 500000 and warehousing of pulses rupees 200000
latest answer
Thank you Siddesh. Answer for your query is "expenditure incurred prior to commencement can be considered if it is capitalised on the dated of commencement"
siddesh N
CA Inter
★ 4K+
3
224
Amount of Costs to Sell
Financial Reporting
answered on 13-Aug-24 12:09
Sir, in the question, the 'costs to sell' on 31st March, X2 is given as 1,100. But the problem has been solved using 1000.
latest answer
Will correct it.
Antara MuraliKrishnan
CA Final
★ 20K+
2
265
income from salaries
Direct Taxation
answered on 09-Aug-24 11:51
ICAI material Illustration 25 is it important?
latest answer
You can practice once.
Monika T
CA Final
★ 7K+
1
318
SA-315
Auditing
answered on 08-Aug-24 19:55
Risk assessment procedure and risk assessment process are same?
latest answer
Yes. Procedure are the part of process
Vijay Ajith
CA Inter
★ 4K+
1
248
Dividend Decision
Financial Management
answered on 10-Aug-24 18:51
ICAI book practical problems no 5, Dividend discount model sum is not covered in the lectures sir Can any one explain it
latest answer
Thank you sir🙏
Praveen Raj
CA Final
★ 0
5
354
inflation
Financial Management
answered on 12-Aug-24 11:31
sir, can you breifly explain about how to identify the question is real rate or in nominal rate
latest answer
Please post questions or doubts or videos related to either ICAI institute or Indigo Learn. Others can not be answered
Yash Laddha
ACCA Skill
★ 0
1
177
Why depreciation constant Impact is not considered for the cashflows in illustration 1, chapter advanced capital budgeting decisions
AFM
answered on 08-Aug-24 12:32
In the Illustration 1, for year 0 cash flow is Rs 15000, for year 1 nominal cash flow is considered Rs 16,500(15000*1.10), Isn't the concept of constant depreciation is vioalted by doing so, i.e in the 1st year considering the inflation a) Revenue Rs 33,000, b) Cost Rs 11,000 c) depreciation Rs 10,000, d) EBIT Rs 12,000, e) 50% Tax Rs 6,000 f) PAT = Rs 6,000. hence CFAT = PAT + Depreciation = Rs 6,000 + Rs 10,000 = Rs 16,000 and not Rs 16,500.......... Same way with the subsequent years
latest answer
It is a bad question by ICAI actually and you are right - if we use historical cost convention to value assets then dep is also based on historical cost - we should not inflate CFAT with nominal rate but all P&L items with nominal rates - better way to solve this is using real cash flows and real rates In real life you have both capex and dep happening every year; also repairs and maintenance happens every year where amount incurred is in nominal terms, so expenses get adjusted automatically as cost of assets or r&m expense also keeps going up.
Hemachandra D
CA Final
★ 9K+
1
271
Transactions and Events
Accountancy
answered on 12-Aug-24 10:19
Since transactions are all the activities of the business and events are the positions, can we say that transactions are all those which are found in P/L and that events are all that is reflected in the B/S?
latest answer
Event is nothing but the final outcome of business activity, which affects the account balances of a company Transaction involves exchange of goods/services for value between more than one party, firm or accounts
Devika Venu
CA Foundation
★ 5
2
351
Buy Back
Accountancy
answered on 07-Aug-24 23:32
Why did we create Capital Redemption Reserve 300000 and not 500000? (4th Journal Entry)
latest answer
Got it ... Thanks
Sagar Kathuria
CA Final
★ 3K+
2
285