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Mutual funds
AFM
answered on 07-May-24 05:47
Illustration 8 answer is not 12.64 it is 12.76(12/.94)
latest answer
No. Solution is correct. Please have a re look at formula and our notes P 590. Check icai material page 8.16 too https://resource.cdn.icai.org/74835bos60509-cp8.pdf
abin c s
CA Final
★ 2K+
1
299
Interview questions
Others
answered on 08-May-24 15:07
For paid assistant position what are all the areas or topics one should have command over?
latest answer
GST basic provisions, ITC, Income tax heads of income and return filing, Acc Standards, Schedule III, Auditing Standards.
Dhakshana Dhakshana
CFA L2
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371
Illustration 6
Financial Reporting
answered on 09-May-24 16:18
We have arrived the net carrying amount as 10 lakhs after deduction of impairment loss My doubt is Why are we not providing depreciation for the year as we have all the date related to residual value and remaining useful life?
latest answer
Yes.
Vijay Ramesh
CA Final
★ 985
3
275
Employee benefit
Financial Reporting
answered on 07-May-24 14:12
Video no 33 Question 21 Return on plan asset is not income of the company so why should I consider it as part P & L item
latest answer
Plan assets are owned by the company
swaminathan sundaram
CA Final
★ 110
1
348
Clubbing provisions in revocable transfer
Direct Taxation
answered on 06-May-24 14:23
As per section 62, there is an exception for revocable transfer by way to trust... Here My doubt is what is the treatment if the property has been sold or transfers to trust with consideration that is a benefit for assesse ?
latest answer
If it is done for a consideration then it a clear case of transfer and that would be taxable.
Jashvanth.K
CA Inter
★ 11K+
1
410
doubt regarding computation of cash flows after tax
Financial Management
answered on 07-May-24 11:02
sir, im a little confused about the terminology used in this question, the term used in the question is" earnings after tax" but you have assumed it to be cash flows after tax,will that assumption always hold true?,what if the the terminology used is profit after tax instead of earnings after tax??
latest answer
thank you sir
aravind lalji
CA Inter
★ 0
2
298
illustration 4 part3
Financial Management
answered on 06-May-24 17:22
in the projdcted p&L the RM is shown as 470..actually it is calculated as 420
latest answer
420 is the RM consumed. But as Op st of 150 & cl st of 200 is mentioned, therefore RM purchased = RMC+ cl st - op st = 400+ 200 - 150 = 470
Vidya Suresh
CA Inter
★ 6K+
1
246
Omr sheet related
Exams
answered on 06-May-24 10:42
I, by mistake darken the omr circle for mcq by pen in paper 1 Is it ok? ( I read the instructions in paper 2 )
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
1
384
REVISED INVOICE
Indirect Taxation
answered on 06-May-24 12:05
Sir, I applied new Gst registration on sep15,2023 because my turnover exceeds threshold limit on sep 15 2023. gst registration certificate came on oct 20 ,2023. now i will prepare a rough invoice for what are all the sales made from sep 15,2023 to oct 20,2023.this rough invoice will be revised and issued within 1 month from the date of oct 20,2023. now, when will i file my first gst return(due date) for the supplies made from sep15,2023 to oct 20,2023. and which date i want to show in the revised invoice sir?
latest answer
Revised invoice can be issued within 1 month and that details can be shown in the first GST return
Anand Venkatesh
CMA Inter
★ 250
1
388
interest rate collar
AFM
answered on 06-May-24 11:07
In this question if instead of Cap option, collar option was taken would that be more advantageous?
latest answer
I know. That was weird. You can state that in a collar you sell a floor. If floor is set at lowest rate the interest has gone to in the questions then floor will never be invoked When such a floor is sold, you receive premium That premium will reduce your outflow of 70 or 80 bps and If it that premium received is also 70 or 80 bps then the collar can become a zero cost collar
Priyanka Udeshi
CFA L1
★ 14K+
3
348