Forums
Cash flow statement
Accountancy
answered on 03-May-24 11:12
In this question isn't the capital redemption reserve increasing from 2 lakhs in year 0 to 6 lakhs in year 1? While solving that opening and balance are not considered? and does the balance in that acc should be considered? does it make any impact while solving CF related question?
latest answer
It would be considered in transfer from retained earnings or general reserve.
Liz James
CA Inter
★ 2K+
1
208
Reverse Acquisition
Financial Reporting
answered on 02-May-24 11:49
Hi Sir, In this problem, the solution in the module has 250 ordinary shares, And Retained Earnings as 1400. Is the answer given in the video is still correct? Can we write this in exams?
latest answer
Okay sir, thank you
Susee Arunachalam
Qualified CA
★ 26K+
2
295
TDS Application
Direct Taxation
answered on 02-May-24 11:43
Whether Event management services comes under 194c / J . Why ?
latest answer
Right.
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
5
751
AS 13
Accountancy
answered on 30-Apr-24 16:41
Can someone explain solution for this in simple terms? Practical Question 9
latest answer
Okay Sir
Soon to be CA
CA Inter
★ 4K+
2
331
Why you did not reduce Dividend from return in 3rd part while computing NAV
AFM
answered on 02-May-24 17:17
Dear sir, while calculating NAV in part 1 . you reduced dividend from absolute return and added the amount to opening value of investment to find out the closing value of investment. But in 3rd part you did not reduced the dividend from the return while computing the closing value of investment. What is the reason ??
latest answer
Becuase closing value of investment is after dividend which is reinvested as shares units in MF hence you have to deduct Dividend to arrive at NAV at which dividends were reinvested and to find out exactly how many units are allotted
B. Dinesh
CA Final
★ 3K+
5
284
Doubt
Corporate & Other Laws
answered on 07-May-24 15:17
How to remember section ? Can u send all the section number and their head topic
latest answer
Same applies at foundation level as well. You will automatically remember few sections as you prepare.
Bharavi Kothari
CA Foundation
★ 20K+
3
165
Doubt
Corporate & Other Laws
answered on 30-Apr-24 18:55
If we don’t remember section number and is it necessary to write the exact words given in text or we can write in our own meaning being the same
latest answer
You can write in your own language except the keywords. Keywords are the technical language used for Law like Annual General Meeting, Registrar of companies, etc. Keywords need to be accurate. Similarly limits and provisions should be accurate. The language can be simple also If you don't know sections, do not quote them else you might lose marks for wrong section number
Bharavi Kothari
CA Foundation
★ 20K+
1
188
Excess depreciation on revaluation
Financial Reporting
answered on 30-Apr-24 15:55
Sir, Is charging Additional depreciation (arising on revaluation) to P&L Account is Correct? Since, no actual expense incurred on revalued part of the asset, finally ending up in paying lesser taxes. isn't it become a loophole for taxpayers (in tax perspective) for unnecessarily revaluing the assets just for paying lower taxes?
latest answer
Tax depreciation is computed as per Income tax rules. So no revaluation would be done for taxation. Also it gives a fair presentation when you have to compare a business which is 5 years old and a new business. New business will have higher asset base and higher depreciation.
Gunda Sharan
CA Final
★ 150
1
218
Table book in exam
Financial Management
answered on 30-Apr-24 12:19
I wanted to know whether Present Value and annuity tables are provided to students[on request] in FM exam?
latest answer
They are provided
Yogesh S
CA Final
★ 125
2
346
AS 7 ISM MCQ
Accountancy
answered on 30-Apr-24 12:59
Expenses for the year should be recorded till the extent of cost incurred for the year Then the answer to Q. 2 should be a. 30L But the book states 36L Why?
latest answer
Cost incurred + expected losses - current year loss 30+ 8- 2 = 36 lakhs
Hamna KSMB
CA Inter
★ 6K+
1
446