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Prospectus and allotment of securities
Corporate & Other Laws
answered on 03-Aug-24 12:50
While writing answers ,is head section is enough or want to include sub-sec too?
latest answer
It's enough to quote main section. But please only quote when you are sure of accuracy. Else whole answer will be crossed
Sindhu
CA Inter
★ 4K+
1
261
Balance sheet
Accountancy
answered on 05-Aug-24 12:54
At what value assets are normally shown in balance sheet historical cost/revalued cost? If an asset is shown in historical cost later can it be shown in revalued amounts in the balance sheet or should continue to be shown as historical cost only.? if shown at revalued cost what is the accounting treatment?
latest answer
Assets are typically shown in the balance sheet at their historical cost, which is the original purchase price or cost incurred to acquire the asset. Assets can be shown at revalued amounts following the principles of AS-10. ONce you complete AS-10, you will understand this. Brief explanation is given below. When an asset is shown at its revalued amount, the following accounting treatment is applied: Revaluation Increase: If the revaluation increases the asset's carrying amount, the increase is credited to Revaluation Surplus unless it reverses a previous revaluation decrease recognized in profit or loss. If it reverses a revaluation decrease recognized previously in profit or loss, the increase is recognized in profit or loss to the extent of that decrease. Revaluation Decrease: If the revaluation decreases the asset's carrying amount, the decrease is recognized in profit or loss, unless it reverses a previous revaluation surplus . If it reverses a revaluation surplus, the decrease is debited to revaluation surplus, reducing the revaluation surplus to the extent of any credit balance existing in the revaluation surplus for that asset.
Niveta Rajkumar
CA Inter
★ 6K+
2
307
Ca inter exam
Others
answered on 03-Aug-24 11:22
1. When will Inter exam be conducted in a year. 2.How many attempts. If i skip an attempt will it be still considered as a attempts?
latest answer
Skipping attempt is not considered as an attempt
Annamalai a
CA Inter
★ 0
2
304
composite rent
Direct Taxation
answered on 04-Aug-24 18:33
i understand that if its inseparable then full amount go to OS or BP but only the highlighted line mean what
latest answer
It means that even though amount is fixed separately they are still regarded as inseparable if they cannot be separated.
Sushmita Chowdhury
CA Inter
★ 2K+
2
394
In this formula u sir u diss fixed rate of interest for 2y if bank interest increase every year then this formula also works I tried this part but sometime getting answer correct some time getting wrong answer
Others
answered on 06-Aug-24 15:51
In this formula u sir u diss fixed rate of interest for 2y if bank interest increase every year then this formula also works I tried this part but sometime getting answer correct some time getting wrong answer
latest answer
It will not work with changing interest rates.
R G
CA Inter
★ 9K+
1
191
deposit before 1/4/13
Corporate & Other Laws
answered on 02-Aug-24 23:03
pls explain the meaning of this line with example
latest answer
It means that the deposits which were accepted by a company before the commencement of the Companies Act, 2013, shall be filed with ROC within: a) 3 months from commencement of the act with ROC OR b) 3 months from the due date (if any, after the commencement of act).
Sushmita Chowdhury
CA Inter
★ 2K+
2
263
Buying both call and put at the same time
CFA
answered on 02-Aug-24 22:26
Practically can we buy both call and put option of the same underlying asset which as same maturity by doing this we can ensure we will always be at a profit right?
latest answer
You will lose out on premium paid.
Dhakshana Dhakshana
CFA L2
★ 18K+
1
232
AS 3
Accountancy
answered on 05-Aug-24 12:15
Why have we deducted interest paid and added interest received since we are following direct method?
latest answer
Follow indirect method
Sagar Kathuria
CA Final
★ 3K+
1
260
Capital gain and house property
Direct Taxation
answered on 04-Aug-24 18:34
Purchase price of house property ₹100000 Sell price is ₹150000. Here gain is ₹50000 Is it taxed under capital gain or under house property?
latest answer
Ofcourse capital gains. Income on transfer of property is taxed under capital gain. Rental income is taxed under HP.
Ajaykumar Parit
CA Inter
★ 815
2
302
doubt about busiess law
Others
answered on 06-Aug-24 16:39
l have some about business law so please give your contract number
latest answer
You can ask questions here. The faculty will respond.
RAVITEJA MERUGU
CA Foundation
★ 740
1
261