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FL -Int. Rate change
Financial Reporting
answered on 17-May-24 16:02
Have below queries regards to the illustration explained in this lecture: 1. In case 7.75% is the applicable Rate and 7.60% rate is the market rate, then Rs.3811 will be debited to PL & Rs.1444 will be credited to OCI? 2. The illustration explained in this is of Fixed rate interest rate NOT Floating rate. Is my understanding correct? 3. Same treatment is also applicable to Financial Asset?
latest answer
Got it . Thank you sir.
Chandan Subudhi
CA Final
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339
Example 4
Financial Reporting
answered on 17-May-24 17:25
1.057 crores is the 4th root. How can we reduce 1 from it directly and make it 0.57
latest answer
1+r = 1.25^1/4 r = 1.25^1/4-1
Dhvaritha Ravishankar
CA Final
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155
Consolidate Financial Statement
Financial Reporting
answered on 20-May-24 14:42
Video No 62 Illustration 33 I am struggling to understand what is the entry in separate financial statement and entry in CFS Can you send me the accounting entries here
latest answer
In CFS Dr. INvestment in Associate Cr. P&L Cr OCI with respective amounts.
swaminathan sundaram
CA Final
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280
Question
Accountancy
answered on 20-May-24 15:21
I can't understand Q3 (b) pls explain it
latest answer
There is a gap in the solution. Will upload a fresh video. Cashflow expected in Year 4 & 5 is 100 each. Cash flow expected in year 6 is 50. So total cash flow is 250. Balance amount to be written off = 100 Y4 write off = 100/250 * 100 = 40 Y5 write off = 100/250 * 100 = 40 Y6 write off = 50/250 * 100 = 20
Shivashankar Jawai
CA Inter
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1
350
Dividend decisions
Financial Management
answered on 22-May-24 14:43
Book back sum number 5 At the end of 5 th year what the power number given to 1+ke is that 5 or 4 Because in ICAI material they mentioned as 5 But in Nov2021 suggested answer it mentioned as 1+ke power 4??? In suggested answer the question in 1(c) page number 2
latest answer
Okk thank you sir
Abi KVA
CA Final
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436
Ratio analysis
Financial Management
answered on 22-May-24 11:08
Book back sum number 3 Why no closing stock shown in profit and loss account but included in current assets.?
latest answer
Because Direct material consumed already accounts for opening and closing stocks
Abi KVA
CA Final
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297
EXPLANATION ABOUT UNIT SCHEME
Others
answered on 20-May-24 15:10
Kindly provide any explanation about unit scheme
latest answer
https://www.youtube.com/live/_8G-MH5tt88?si=pCaeSIoDuRQXkWRp
MONIKAA RAMESHKUMAR
CA Inter
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1
320
SPOM LOCKED
Others
answered on 20-May-24 15:11
Sir...My spom classes are locked.. is it only for me?? Or what to do with the issue? I tried to send the mail but it shows the address not found.
latest answer
A lot of students have faced this issue. Raise ssp helpdesk.
madhu miraa
CA Final
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1
734
Taxability on share premium as per Sec 56(2)(vii b)
Direct Taxation
answered on 20-May-24 18:06
Face value 100 Market value 130 Issue Price 120 Why share premium is nothing taxable
latest answer
Since Issue price is not more than market value. Taxability on the amount exceeding market price.
Niveta Rajkumar
CA Inter
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1
188
Consolidated Financial Statement
Financial Reporting
answered on 20-May-24 14:49
Video No 77 Illustration 39 Can I get journal entry after completing the calculation part
latest answer
can you try on own once?
swaminathan sundaram
CA Final
★ 110
1
269