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Macaulay's Duration
AFM
answered on 22-Apr-24 15:34
Here at the end of the year , we are multiplying the cashflows with year and then discounting with PVF, got 464.65 . In the previous illustration 1, we are compounting bond period by multiplying propotionate value with no of years.. Please clarify why we are doing so
latest answer
Both are same are they not? can you please put it down ( that is both methods) on an excel sheet or a piece of paper have a look for say a 2 year bond instead of a 5 or 7 year bond?
Rahul Kumar
CA Final
★ 2K+
1
487
Articleship Registration
Others
answered on 29-Apr-24 11:38
When I try to submit my form it is showing like this, I even tried multiple times but the same is appearing. Can you suggest me a solution for this
latest answer
Login to your SSP portal and there you can raise ticket.
Bumble Bee
CA Final
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3
274
Shiv Sir Shall I solve all the illustration now only from ICAI material Now only or later
Direct Taxation
answered on 27-Apr-24 10:15
Shiv Sir Shall I solve all the illustration now only from ICAI material Now only or later or just continue practice which is covered in classes only?
latest answer
Continue what is covered in class. Whatever is there in ICAI, majority of them we covered already. Balance you can easily solve since they are of same pattern.
GOKUL KOLATE
CA Inter
★ 1K+
1
192
Charity
Financial Reporting
answered on 22-Apr-24 11:54
For charity, there are no goods or services rendered in return for shares issued. So will this fall under definition of share based payment
latest answer
When you pay cash for charity, its said you made payment. Same logic.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
179
Discounted payback period
Financial Management
answered on 23-Apr-24 15:40
Sir as you said, last year CFAT and TMCI should be written separately to calculate the discounted payback period and in ICAI material last year CFAT and TMCI taken combinely . SO WHAT SHOULD WE FOLLOW IN EXAM TO GET MAXIMUM MARKS.
latest answer
Please follow ICAI method only in the examination
Narasimha GL
CA Final
★ 2K+
1
381
Commercial substance
Financial Reporting
answered on 22-Apr-24 11:57
Commercial substance means changes in risk, timing, cashflow. what if in the questions, we were exchange our asset to another asset but there is No change in risk, timing CF that was given in question, then how to classify, there are different assets hence we conclude it has commercial situation or in hypothetical situation eventhough different asset but same Cashflow then it has no commercial subatance ?
latest answer
If its different asset, there is a commercial substance. If asset is same and nothing is given, you need to make assumption.
Keerthika Boopathy
CA Final
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1
185
PGBP
Direct Taxation
answered on 22-Apr-24 09:28
In this sum why interest on captial is reduced from Net profit while computing book profit.. interest on capital maximum 12% p.a is disallowed right as per Sec 40(b) then we have to add only right ? Excess 12% is not added because it is not debited to profit and loss account..but y upto12% is reduced...? And in this question allowable working partner salary is Rs .384000..is that is disallowed that is added to net profit for computation of PGBP?
latest answer
If excess interest is debited to PL then excess is added back. However, if interest amount is not taken in PL at all then 12% shall be reduced. Kindly apply the logic. In case of salary to partners, whatever is debited to PL that will be added back. From book profit, if we reduce remuneration allowable to partner we will get the answer of taxable income under PGBP.
Lavi Lavanya
CA Inter
★ 6K+
2
518
PGBP
Direct Taxation
answered on 22-Apr-24 09:28
Sir concept of tax audit is missing
latest answer
Please check the next video. It will be covered.
Lavi Lavanya
CA Inter
★ 6K+
1
177
Lease Modification
Financial Reporting
answered on 22-Apr-24 12:01
Sir, in the first illustration it was explained that the deferral of lease payments cannot be considered as a lease modification since it is merely changing the timing of the lease payments and not the quantum of the rentals. However, it has been written in the ICAI Study Material (Sec. 8.4.4, Page: 6.435) that 'a change in the timing of the lease payments' is an example of lease modification. So why have we not considered the same as lease modification in this question?
latest answer
For operating leases, we recognise on a straight line basis so no impact on overall accounting.
Vignesh Panigrahi
CA Final
★ 1K+
1
194
doubt regarding assumption taken in question
Financial Management
answered on 29-Apr-24 04:21
works cost is assumed to be equal to the cost of good sold under the assumption that the opening & closing value of both wip and finished goods is not given in the question, but the value of closing stock of finished goods is given in the question, and is also computed later on by sir at 6 % of the works cost,so isn't this assumption worng?
latest answer
thank you sir
aravind lalji
CA Inter
★ 0
2
308