powered by logo

Forums

AS 12 Government Grant - Entry for Non Monetary Grant

Accountancy

answered on 07-Sep-24 17:17

When an Asset is received at a free of cost, do we credit Bank A/c or Capital Reserve for the Nominal value?

latest answer

Capital reserve

Vishnu Muraleedharan

Vishnu Muraleedharan

CA Final

★ 32K+

1

436

regaridng the present value annuity factor

Financial Reporting

answered on 09-Sep-24 17:11

Since the lease payments are made at the beginning of the year and while calculating the annuity factory why we did not add 1 to it? today one rupee is always one right and why we did not ad to the present value annuity factor as200000 is paid at the beginning of year 1 which is today and it's value is one right

latest answer

According to the Indian Accounting Standard (Ind AS) 116, lease liabilities are the present value of lease payments that have not been paid as of the commencement date

natarajan k

natarajan k

CA Inter

★ 3K+

3

373

Chapter 4

Corporate & Other Laws

answered on 08-Sep-24 11:46

What is the maximum issue size per year for sweat equity shares for companies (other than start up). Is it 15 or 25%?

latest answer

Welcome

Sagar Kathuria

Sagar Kathuria

CA Final

★ 3K+

5

364

CA INTER AS 5

Accountancy

answered on 12-Jul-25 19:52

Can not understand the which one will be the answer and why

latest answer

Explained here.

Deep Saha

Deep Saha

CA Inter

★ 0

10

5K+

Investment banking

CFA

answered on 07-Sep-24 08:39

What exactly investment banks do what's their business model?why do companies need assistance of inv bank to get listed can't they do it on their on?

latest answer

Investybanks

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

★ 18K+

1

416

Derivatives

AFM

answered on 08-Sep-24 10:33

in this question , can u explain the meaning of this wording " Analysts expect the price of VOF to either to rise by 40% every half year or fall by 20% every half year (on the half yearly opening price), for the next one year, weightage being 40% for every increase and 60% for every fall" 1. Does it mean upward 40 perc and then 40 perc on it & down ward 20 perc and then 20 perc on it ? or something else ? 2. Risk free return is calculated based on risk neutral method = 280 * 40% + 160*60% = 208 , Rf = 208/200 = 1+r = r=4 % ? or should it be calculated using e^rt exponential form ?

latest answer

Thank you sir

Enuguru Sai Nithin

Enuguru Sai Nithin

CA Final

★ 78K+

2

667

lease incentive

Financial Reporting

answered on 09-Sep-24 17:16

why we reverse the lease incentive at the time of recognising the right of use asset journal entry? and why we deduct it from the right to use asset measurement?

latest answer

Lease incentives are received by lessee. Like lease payments are added, these are reduced

natarajan k

natarajan k

CA Inter

★ 3K+

2

388

I nor able to recall excalt 100 laws language I only 60 to 65 percentage word key words match with case study question

Corporate & Other Laws

answered on 10-Sep-24 17:03

My question I revision practice again again I automatically recall but same again able to recall only 60 to 65 percentage laws language along with keywords can I work more on this weekend area or not

latest answer

With constant writing practice and conceptual reading you will become more confident in the subject, it is not possible to recollect everything at once, it requires repeated practice and conceptual understanding of the subject.

R G

R G

CA Final

★ 9K+

3

345

As per the provisions of the CGST Act the time of supply for a composite supply is governed by section 13

Direct Taxation

answered on 08-Sep-24 21:46

section 13 time of supply of goods or services in the case of composite supplies it is generally states that the time of supply for a composite supply will be the time of supply of the principle supply in this case the principle supply is the supply of goods therefore section 13 will be applicable to determine the time of supply for the composite supply in this scenario

latest answer

Question is not about time of supplu.

R G

R G

CA Final

★ 9K+

1

300

Doing other course during 6 months study period

Others

answered on 09-Sep-24 19:38

I have completed CA inter both the groups and planning to start articleship within 31st October. Simultaneously, I am gonna complete my 5th sem of B.Com regular.So,I am decided to do my 6th sem after completing articleship and during the 6 months study period. My doubt is that Can i do my regular college of 6th sem during the 6 months study period for CA Final or is there any rule to study only for final during that period? Please help me in deciding...

latest answer

Thank you so much for the response

Shyamala Sivakumar

Shyamala Sivakumar

CA Final

★ 210

2

352