Forums
As 3
Accountancy
answered on 02-Sep-24 09:19
Ans given in this question is nil .how ?
latest answer
Sale of an asset or an equipment will come under the Investment activity. It will not cover under the Operating Activity.So, the answer is nil.
Lucky Ten
CA Inter
★ 0
4
285
Leverage
Financial Management
answered on 30-Aug-24 11:45
Can you please explain this mcq
latest answer
Ok thank you
Priyanka R
CA Final
★ 20K+
2
366
CA conference
Others
answered on 09-Sep-24 17:07
What they will conduct in CA national conference? Will they interact with each students?
latest answer
There are quite a few ca conference live / recorded videos on YT, please check them out
Priya Ravi
CA Inter
★ 55K+
1
274
Impairment loss
Financial Reporting
answered on 31-Aug-24 14:12
Is it possible to reverse the impairment loss in this case. The recoverable amount was 470,000 increased to 500,000. So in case of reversal of impairment loss, we will restrict it to the extent of carrying amount which we get if the impairment is not done. In this case depreciation for 3 years would be 120000 and the carrying amount without considering impairment loss would be 480,000. So can we consider the carrying amount of 480,000?
latest answer
Ohh ok sir
Abhijith K B
CA Final
★ 5
2
301
Please tell how these forex rates are considered in this transfer pricing sum
Direct Taxation
answered on 30-Aug-24 08:06
Wheather they are bid and ask rates or transaction rates.
latest answer
Bid / Ask when not separately provided and only 1 rate is provided - assume that for all computations the same rate is to be used. Even in AFM forex rates in some questions are not given as bid & ask but just as single rates
Jaswanth Sai
CA Final
★ 0
1
302
Prospectus
Corporate & Other Laws
answered on 31-Aug-24 16:00
Is it violation of law 1) Received subscription and payment Before allotment utilized this money to purchase asset then made allotment 2) prospectus mentioned min subscription (60% of share) When will 60% apply & when SEBI 90% will apply So for amount Co Law said 5% and SEBI 25%…when 5% & when 25% will apply
latest answer
1) Not a violation of law on its own as long as allotment is done as per Act and other provisions followed. 2) Co. Law Limits apply on all Companies. SEBI regulation apply on Listed Companies. So for listed company we will take the limit as per Co. law as well as SEBI , Whichever is more strict. 3) Mr. X will be contributory. But he can also claim damages if he proves misstatement in prospectus (In that case Court may allow relief to Mr. X from being a contributory. But there is no provision in law regarding this) 4) FPO requires Prospectus
Sushmita Chowdhury
CA Inter
★ 2K+
4
291
Lease Liability
Financial Reporting
answered on 12-Sep-24 15:37
Since the payment of first lease is being made in year 0 , in order to compute the lease liability should it not be considered? Can it be taken as for year 0 = PV is 1 and for remaining 9 years PVAF= 6.8017. So total PV of lease payment(Lease liability) is 7.8017*200000=1560340?
latest answer
Here it is not mentioned before the commencement of lease.
S Shriram
CA Final
★ 0
8
264
Registration
Indirect Taxation
answered on 07-Sep-24 19:37
If a person is exclusively engaged in supply of handicraft goods ( Inter State) in Assam, then what will be the threshold limit for registration u/s 24?
latest answer
Thanks sir
Sagar Kathuria
CA Final
★ 3K+
2
296
As 7
Accountancy
answered on 02-Sep-24 13:48
How to solve these MCQ ? Method
latest answer
These are not wrong.
Lucky Ten
CA Inter
★ 0
4
284
As2
Accountancy
answered on 02-Sep-24 13:49
What is the ans ? For this question
latest answer
the question is not drafted properly.
Lucky Ten
CA Inter
★ 0
8
378