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Acer Ltd SUM why OP balance is paid ?
Financial Reporting
answered on 01-Aug-24 13:43
Sir, we have considered the opening balance of leave available I.e 3 and added 10 and reduced 9 days leave availed That Rs.65,00,000 is for the op 3 days only right. Closing balance comes to rs.22060500 so we could create provision for balance 15560500 right And I also think it is actuarial loss from 15k to 16.5k salary hike OCI loss please clarify sir
latest answer
The net impact is - 15560500 Leaves are generally utilised on FIFO basis so we assume that the previous year leaves have been availed. since we pay salary even when leave is taken, we showed it as a payment entry. The increase in salary is not a change in actuarial assumption.
kabilan sam
CA Inter
★ 3K+
1
328
Exempted services.
Indirect Taxation
answered on 09-Jul-25 17:05
In the question of "Smart Kids" play school, the catering service is provided by a third party, "BTV Caters.". So it is taxable, no? How did it become exempt?
latest answer
ok sir thank you so much sir
SHAMIL SHAMSUDDHEEN
CA Inter
★ 4K+
4
269
IND AS
Financial Reporting
answered on 01-Aug-24 19:05
sir how did we get to know that if implicit rate 5.36% is used then present value will be 9.5 lakhs, it shd be 10 lakhs right Question screenshot is attached
latest answer
Understood sir
R Yashwanth Kumar
CA Final
★ 87K+
2
288
Internal reconstruction
Accountancy
answered on 01-Aug-24 12:28
Normally shares are shown at face value in Balance sheet and the paid up amt shown in notes to accounts.But why shares are shown at paid up value in face of balance sheet in working note 1??
latest answer
Paid up value is shown on face of balance sheet.
Niveta Rajkumar
CA Inter
★ 6K+
1
347
PPE
Financial Reporting
answered on 02-Aug-24 15:12
sir is PPE defn includes rentals to othets as mentioned in class
latest answer
Yes
R Yashwanth Kumar
CA Final
★ 87K+
3
370
CFS - Chain Holdings
Financial Reporting
answered on 01-Aug-24 12:33
If no information relating to FV of NCI is given, to calculate G/W or CR of 2nd Subsidiary SS Ltd, can we take 40% of Net Assets (NCI of SS ltd -25%, NCI of S Ltd - 15%) directcly ? or should we make any adjustments?
latest answer
Yes.
Durai Murugan
CA Final
★ 470
1
344
related party transaction
Financial Reporting
answered on 01-Aug-24 12:33
Sir for c) question you have said , now because it has been asked from the point of view of legislation we have to check with regulator whether there is a related party relationship exist or not Is this means we have to refer to law applicable based on the structure of the organisation
latest answer
Yes
R Yashwanth Kumar
CA Final
★ 87K+
1
271
Chp ratios
Financial Management
answered on 02-Aug-24 12:05
Please tell the difference between shareholders equity and proprietary funds on the basis of formula. What is the formula for them to calculate
latest answer
As per the chapter Ratio Analysis Proprietary Fund = Owner’s Fund = Equity = Net Worth = ESC+RS+PSC Where as Shareholders Equity = ESC+RS In other words Proprietary Fund = Shareholders Equity +PSC
Sukriti Gupta
CA Inter
★ 590
1
387
as 16
Accountancy
answered on 31-Jul-24 22:46
can anyone explain please how's the ans is 5000
latest answer
thank you sir
Vidyakrishna vidyakrishna
CA Inter
★ 1K+
2
340
New budget
Others
answered on 06-Aug-24 21:27
Sir i already enrolled to the course for Inter 2025 but now the income tax slabs and deduction some rules are changed so what about my classes I will get updated classes or not? For new classes I have to pay again?
latest answer
Ok thnq
Saniya Balekai
CA Inter
★ 285
4
374