Forums
Illustration 5 Calculation
Financial Reporting
answered on 23-Sep-24 14:59
In the question, haven't we deducted Rs 65160 twice, it shall be deducted once na? We deducted it from the interest component retained and also deducted it separately. Also, i did not understood the logic of deduction from interest retained
latest answer
We are not deducting twice. Interest amount given includes fair value of collection fee.
Hrishikesh Pradhan
Qualified CA
★ 18K+
1
496
Current assets
Financial Management
answered on 20-Sep-24 12:04
Current assets including stock, debtors,cash etc. Why we are adding Raw materials, WIP, finished goods Atleast if consider under stock then ,sales- Opening stock+RM+WIP+FG+gross profit right?
latest answer
Ok sir
anju B
CA Inter
★ 21K+
11
561
Debtors
Financial Management
answered on 23-Sep-24 23:20
For investing in debtors calculating sales right then why we calculate based on total cost Normally, debtors collection period= (Average debtors ÷ credit sales)× 12 months Here, that they given Debtors collection period= 2months Credit sales [assume all credit] =3,00,000 substitute those By finding the remaining value Debtors=75,000
latest answer
Yes sir , Thank you for clear my doubt Actually, my statement is as per in ratio analysis chapter that's why I make a doubt
anju B
CA Inter
★ 21K+
3
619
PF
Direct Taxation
answered on 23-Sep-24 17:36
Employee contribution is less than 250000 or 500000 then why not 100% deduction on intrest of employee contribution
latest answer
Interest on amount beyond 2.5L is taxable. Assume that contribution is 3L and rate of interest is 8%. Even though interest rate is less than 9.5% still it is taxable i.e., interest on 50,000 will become taxable.
Sushmita Chowdhury
CA Inter
★ 2K+
4
542
Eurobond and foreign bonds difference
CFA
answered on 20-Sep-24 11:03
Please explain the difference
latest answer
Foreign bond = overseas issuer, domestic currency of investor, domestic investors ; HDFC Limited Issuing USD Bond in US in which US investors Invest Eurobond = overseas issuer, not the domestic currency of investor, investors in multiple countries, issued outside jurisdiction of any one country, can be any currency - Google issuing JPY denominated Bonds. Investors in Europe, US & UK Invest in it
Dhakshana Dhakshana
CFA L2
★ 18K+
1
822
Maximum Amount of Impairment Loss Reversal
Financial Reporting
answered on 23-Sep-24 11:22
Hi sir, Which of the below is the maximum amount of impairment loss reversal? 1. Impairment losses previously recognized (as mentioned in the notes) 2. Carrying amount not considering impairment loss (-) Carrying amount considering impairment loss (as done in the illustration)
latest answer
Explained well.
Ruthvik Reddy Adala
CA Final
★ 5K+
3
516
Icai reading rooms (library)
Others
answered on 29-Sep-24 18:34
Hai Friends Please send list of icai reading room located in karnataka Share some information about icai library
latest answer
You can check using Google maps by respective searching respective branches near you
siddesh N
CA Inter
★ 4K+
1
674
collection of primary data
Maths & Stats
answered on 19-Sep-24 19:37
is not collection of data from enumerators considered a secondary source?
latest answer
Key difference between primary and secondary sources of data collection is who collects the data and the purpose of the data collection. Primary data is collected directly by the enumerator to answer a specific research question.Secondary data was collected by someone else for a different research project or to answer a different research question and you use it for some project.
Manasa
CA Foundation
★ 480
1
542
Composition scheme
Indirect Taxation
answered on 23-Sep-24 17:36
Manufacturer taxable turnover rs3lac & exempt turnover rs2lac Will he pay tax on 1% of rs5lac ?
latest answer
Yes. Since tax rate under composition scheme for manufacturers is 0.5% + 0.5% on total turnover.
Sushmita Chowdhury
CA Inter
★ 2K+
2
563
NOV 2024 EXEMPTION
Exams
answered on 23-Sep-24 10:43
If I get exemption in any paper of Group 1 of Nov 2024, will I have to score 50 marks each for other subjects of the group?
latest answer
No. For the next three attempts, the same marks would be considered.
Ali S
CA Final
★ 8K+
2
681