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Doubt
Exams
answered on 06-Aug-24 16:16
Sir , in may 2024 attempt I was unable to crack group 2 exam due to shortage of 15 marks . In practical subjects costing and Fm Sm , i was unable to score better. I had solved study material questions not very diligently but on overall basis . This time I have started to solve all types of different questions and not same type on rough paper , including study material as well as all questions from may 2018 . But it's taking time and also i am getting wrong in easy question also due to silly mistakes . My question is , is my approach wrong to solve questions from may 2018 or should I solve only past 3 to 4 attempts rtp , mtp , or should I solve questions before may 2018 attempt also ? Also , how to complete these all practice before exam, as if I make a schedule i am unable to meet daily targets. So should I give equal time to all subjects say 30 days are left so , 10 days for each subject and doing whatever we can do for that subject in 10 days .
latest answer
If concepts are clear, you should focust on solving past exam papers as much as possible. Solve some questions as if you are doing in an examination set up and not on rough paper. Any question which you find has a difficult adjustment, make a note of it for further revision
Anirved Rahatgaonkar
CA Inter
★ 0
1
357
NCI to be derecognized on loss of control vs no loss of control
Financial Reporting
answered on 19-Aug-24 17:09
In ILL 13 - loss of control NCI derecognized = Net assets of subsidiary (excluding goodwill) * NCI's stake In ILL 10 - no loss of control NCI derecognized = Net assets of subsidiary (including goodwill) * NCI's stake Why goodwill is included in NCI derecognized in no loss of control?
latest answer
Pls let me know when you are available?
Durai Murugan
CA Final
★ 470
2
284
Suggested answers
Others
answered on 06-Aug-24 15:48
Can you provide suggested answers for CA Inter may 24 question paper for all the subjects ASAP
latest answer
ICAI has not yet released.
NANDHINI U S
CA Inter
★ 37K+
1
340
Right
Accountancy
answered on 06-Aug-24 15:32
Correct me where im wrong Bonus or right are declared say on 1/6 Then when bonus or right shares are given I.e 1/7 is the record date ? I,e when shares are credited to investor account ?
latest answer
It will be credited within 2 to 7 days post the record date
Sushmita Chowdhury
CA Inter
★ 2K+
7
344
Assertion Level
Auditing
answered on 08-Aug-24 19:58
Ma'am What is assertion Level? In web the meaning it is saying is Fact, but in connection with Auditing, What is assertion level?
latest answer
Assertion is basically what the management is representing. Like valuation, ownership, measurement etc, one particular aspect. We check these assertions for Their correctness so We call it assertion level. And also; we then check over all financial statements level.
Kalaiarasi Sowtharman
CA Inter
★ 470
5
722
Preparation of financial statements
Accountancy
answered on 06-Aug-24 15:45
Icai material Pg no.11.45 Illustration 6 Even though it is not mentioned in the question to provide for interest on debentures We've shown it in the profit and loss account as finance cost Why is it not shown under other current liabilities ( assuming that it's payable)?
latest answer
Each entry has two parts 1. You will show expense 2. You will show payable - current liabilities.
Monika T
CA Final
★ 7K+
1
280
Consolidation of Financial Statements
Accountancy
answered on 06-Aug-24 11:21
in down stream transaction if the holding company sold goods at a loss to subsidiary, and the goods is lying unsold in the subsidiary company.Then what is the treatment given in consolidation?
latest answer
Eliminate the loss.
Niveta Rajkumar
CA Inter
★ 6K+
1
362
..
Auditing
answered on 06-Aug-24 17:23
difference between members of the engagement team and the audit engagement partner......
latest answer
👍🏼
Nadeem Neymar
CA Inter
★ 250
4
369
Dividend
Accountancy
answered on 07-Aug-24 00:07
Sir final dividend is liability in current year because we pay it in next FY. But interim dividend is an expense during the year, but why don't disclose it in expense side of P&L account ?
latest answer
Dividend is not an expense for the company, whether it is final or interim. Since FINAL DIVIDEND is announced in the AGM of the Company, it cannot be withdraw even by Unanimous Consent. That's why it acts as a liability. However still it is appropriation of profits not an charge on profits. But Interim Dividend Can be withdrawn by BOD as it is not approved by General Meeting yet.
Ajaykumar Parit
CA Inter
★ 815
3
434
Cost of capital
Financial Management
answered on 06-Aug-24 15:40
Calculate cost of debenture and preference shares
latest answer
Seems like this is from an RTP or suggested Answer where solution is already available. Kindly let us know what is your specific query in solution?
Sukriti Gupta
CA Inter
★ 590
1
315