Forums
Change in units in Part B
AFM
answered on 09-Jun-24 13:04
Whatever units we sold we can receive money for them only, so shouldn't we compare the profits, when the units sold is 2417 and received money for 2417 units? But Now we are comparing the profits, when units sold is 2,4000 but money is received for 2,417 units, It is fundamentally incorrect right sir
latest answer
We are computing two scenarios Scenario one fixed demand and a certain price gives certain profit Scenario two increased demand due to reduction in price and we are computing this profit We are comparing profits under both scenarios One last high price low volume and other has low price and high volume Also not have diff cost composition and forex exposure That is why u should see it as scenario.
B. Dinesh
CA Final
★ 3K+
1
283
Correlation
Maths & Stats
answered on 12-Jun-24 20:31
Please help me to solve this question. The answer is C .
latest answer
Thank you
Yashasvi Pareta
CA Foundation
★ 1K+
2
374
can i get soft copy of the solutions to the illustrations taken in IND AS 115 Chapter
Financial Reporting
answered on 09-Jun-24 10:40
pdf for illustration questions only available and no answers are there. so kindly provide pdf containing the solutions please.
latest answer
Yes. Will upload
kabilan sam
CA Inter
★ 3K+
1
259
Scenario 4 of Illustration 9
Financial Reporting
answered on 10-Jun-24 17:14
In the Scenario 4, whether it is assumed that 6 conditions with respect to development expenses has been met?
latest answer
Commenced development indicates that conditions have been satisfied.
Swathi S
CA Final
★ 975
1
169
Amortization formula
Financial Reporting
answered on 10-Jun-24 17:16
Amortization = (Total cost / Total expected output)*Output for the year. Here, whether actual output to be taken as output for the year or Expected output to be taken ? In the same question , targeted and actual outputs are given (actual differs from target). No revision has made by the management. In this case, while applying in the formula , actual output to be taken as output for the year or expected output for the year to be taken?
latest answer
IN year 2 we have take actuals for Year 2 and expected for future.
Swathi S
CA Final
★ 975
1
159
Rule 88B(3) interest calculation
Indirect Taxation
answered on 11-Jun-24 12:51
is it correct method to calculate interest calculation and reversal would done at 20/10/2022?
latest answer
Practically department is not considering fresh ITC availed. They are considering only till the time the ITC wrongly claimed is utilised.
sameer fahad
CA Final
★ 5K+
1
324
Change in registered office within same state shifting from jurisdiction of ROC to another
Corporate & Other Laws
answered on 11-Jun-24 14:26
As underlined in the picture, there is a contradiction between Section 12(6) of the Companies Act and Rule 28 of the Companies (Incorporation) Rules. I am confused about both. • Section 12(6): RD Order within 30 days and filing within 60 days. • Rule 28: RD Order within 15 days and filing within 30 days. Additionally, Rule 28 talks about an order approving the alteration of the MOA for the transfer of the registered office within the same state. However as per my knowledge, the MOA does not get altered for a change within the same state, as Clause II of the MOA contains only the name of the state. Please help me clarify the doubt.
latest answer
There is conflict in the provision of Rules and section here. However, the provision of the section shall apply in this case (Order within 30 days and filing within 60 days) Regarding MOA Clause II, besides name of the state , the registered office jurisdiction is also mentioned mostly. Hence the (rules in the image uploaded) use that language. However, in case the State where registered office is located is not changed, then other requirements for alternation of MOA need not be followed.
Monisha KM
CA Inter
★ 825
1
632
Answers in Book
AFM
answered on 08-Jun-24 21:17
Hi sir, In the book the answer for part 1 is given as 5.555 lakhs
latest answer
Pls check latest book Shared from *1FIN by Indigolearn* CA FINAL AFM P 600 + https://1fin.link/resource/c631ed476165487eb04b4477ae3986e3/0e0d1cfb2629485cb4e74ddd0c1d26b9
B. Dinesh
CA Final
★ 3K+
1
312
PGBP
Direct Taxation
answered on 08-Jun-24 18:30
Is donation to trade association a deductible expenditure under PGBP ?
latest answer
No it is not. If it is membership fee then Yes.
Mainak Chakraborty
CA Inter
★ 0
1
317
solving part 2 using an example
AFM
answered on 08-Jun-24 13:17
Hi sir, in part 2 USD appreciates by 3%. if we take 100 as exchange rate in the beginning of the year and (100+(100*3%)) 103 as exchange rate at the end of the year. So we had 10,000 INR, we converted into 100 USD and invested in US, then we got 3 USD as Capital gain and 3 USD as interest. So the total return is 6 USD. So the return in INR is 6*103 = 618INR and our initial investment is 10,000 INR. so the return is 618/10000 =6.18%. But we got 9.18% in part 2. Can you please give me one example for part 2 sir
latest answer
Day 0 - USDINR = 100 i.e 100 INR per USD 10000 INR give us100 USD Invest 100USD in US Market Get 3% coupon and 3% gain on value of investment ie total Return in USD = USD 6 - Year end value of investment in USD = 106 Year End USDINR Rate = 103 Year END Convert USD to INR = closing Investment value 106 USD x exchange rate 103INR per USD = INR 10918 Return = 9.18%
B. Dinesh
CA Final
★ 3K+
1
347