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Ind AS 16
Financial Reporting
answered on 04-Jul-24 11:43
In the below question if changes in liability results in an addition to the cost of an asset, how does it indicate that the new carrying amt may not be fuly recoverable
latest answer
Decommissioning liability
R Yashwanth Kumar
CA Final
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327
Input services
Indirect Taxation
answered on 05-Jul-24 18:40
Why is input service not included in Total of denominator in this solution?
latest answer
Formula has been amended. The question you are referring to is Nov 2019 question. We are multiplying with Ratio of Net ITC/ ITC on inputs and input services since we are claiming credit only for inputs and not on both.
Priyanka Udeshi
CFA L1
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437
Refund in case of ZRS
Indirect Taxation
answered on 05-Jul-24 17:13
In case of Turnover of ZRS services in case exempt supplies under sec 89(4A/4B) are given should they be considered as a part of ZRS services turnover or not? In goods we exclude it. In case we include, would it be included or excluded from aggregate total turnover?
latest answer
In case of service, law is silent since Rule 89(4A) and (4B) deals with deemed export of goods and not services.
Priyanka Udeshi
CFA L1
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473
FSA
CFA
answered on 03-Jul-24 23:40
The answer for this question is 2050 As per US Gaap interest expenses is of operating in nature right?Typically we must deduct but they haven't done that...Revenue-(all other exp excluding interest) they got 2050
latest answer
Got it sir
Dhakshana Dhakshana
CFA L2
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345
DOUBT/mistake
AFM
answered on 03-Jul-24 20:55
BUY USD 7000 @ 46.67 SELL USD 7000 @ 46.58 In material given as above. is it correct ? (interest on cashflow)
latest answer
yes correct in line with what is explained in class & as per page 158 of T380+ pdf link below ( images attached) https://1fin.link/resource/c631ed476165487eb04b4477ae3986e3/0e66c9384d4a4c1e8145ccb5c2e6a389
ezy pan
CA Final
★ 130
1
447
Startup
Corporate & Other Laws
answered on 05-Jul-24 10:46
Diff between Incubators and a person starting the startup,
latest answer
Yes they will get a stake. google about Y Combinator or 500 startups and you will know
R Yashwanth Kumar
CA Final
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325
Doubt
AFM
answered on 03-Jul-24 13:05
In the given answer, Bank bought $ at lower rate ie 41.5. why ? Does it have to be 41.52 ? am I right ?
latest answer
Regret we don’t have a correction list. Pls use pdf available on website
ezy pan
CA Final
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357
Doubt
AFM
answered on 03-Jul-24 10:46
In question "Spot/April. " what is it mean. is it the Rate of Forward contract on 4th April. ?
latest answer
April end quote Spot / April means spot over april; that mean spot + FWD premium for April end maturity
ezy pan
CA Final
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314
AS15
Accountancy
answered on 03-Jul-24 15:20
Under AS 15 "employee benefits" what all are the items to be recorded in P&L a/c and balance sheet each year?
latest answer
The following items need to be disclosed in the Balance Sheet: Defined Benefit Obligation: The present value of the defined benefit obligation. Fair Value of Plan Assets: The fair value of plan assets at the balance sheet date. Net Defined Benefit Liability or Asset: The net total of the defined benefit obligation and the fair value of plan assets. Unrecognized Past Service Cost: Past service cost that has not yet been recognized. Actuarial Gains and Losses Not Recognized: Actuarial gains and losses not recognized in the balance sheet but disclosed in the notes.
Niveta Rajkumar
CA Inter
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603
IMPAIRMENT OF ASSETS
Financial Reporting
answered on 03-Jul-24 15:22
SIR,WHAT IS MEANT BY ALLOCATING IN A " NON-ARBITARY" BASIS?
latest answer
non-arbitrary" basis means distributing in a manner that is logical, fair, and based on objective criteria.
Umayal Lakshmanan
CA Final
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217