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Is reason for answer is true??
AFM
answered on 07-Jun-24 16:58
For Bond X : Macaulay Duration is 4.49yrs For Bond Y:: Macaulay Duration is 4.64yrs Can we directly select Bond A as Macaulay Duration is low
latest answer
Yes you can
Surya Prakash
CA Final
★ 19K+
1
352
capital gains
Direct Taxation
answered on 08-Jun-24 18:29
If in the question they haven't mentioned anything about whether STT is paid or not, then what should we assume to proceed the question of capital gains?
latest answer
Not paid. Question must specify that STT is paid.
Niveta Rajkumar
CA Inter
★ 6K+
2
399
Calculate Machine hour rate
Costing
answered on 08-Jun-24 11:20
Please show me the steps for getting the answer 1.74
latest answer
Thank you
Reja Fathima
CA Final
★ 4K+
2
511
Income approach
Financial Reporting
answered on 07-Jun-24 09:52
It is a lot less confusing to do as per the income approach. Can we arrive at the answer using income approach for all cases and then write the answer as per B/S approach?
latest answer
Yes. So what you can do is think as per income approach and give answer as per balance sheet approach.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
298
Ind AS 38 Intangible assets.Illustration 8
Financial Reporting
answered on 07-Jun-24 11:23
Will there be any impairment loss recognized due to change in units from 4,50,000 to 3,70,000?
latest answer
Thank you sir
S Shriram
CA Final
★ 0
2
229
Doubt in MF question
AFM
answered on 07-Jun-24 08:39
Other fixed interest securities are given at cost in question as 2.50. Why they didn't convert that into MV? Such that 2.5*106.50/100= 2.6625
latest answer
2.5 cr is cost. But is cost at FV? Of 100? If you assume that fixed income securities were purchased at par then what u said can be assumed
Revathy N
CA Final
★ 9K+
1
364
Deferred Payments
Financial Reporting
answered on 10-Jun-24 17:18
If payment is deferred beyond normal terms, cost is equal to cash equivalent. What if payment is not deferred beyond normal terms ? What will be the treatment and how will the cost be calculated in such case?
latest answer
Since the payment is made within the normal terms, there is no need to adjust for any interest or financing costs. The transaction is settled as agreed, and no additional costs are recognized beyond the invoice price.. Generally suppliers charge higher amount if you purchase on longer credit periods. Hence finance cost is involved.
Swathi S
CA Final
★ 975
3
275
Mutual fund
AFM
answered on 07-Jun-24 17:00
MAX (P) a mutual fund made an issue of new fund offer on 01.01.2022 of 10,00,000 units of 10 each. No entry load was charged. It made the following investments: Particulars 25,000 equity shares of PQR Ltd., 100 each @320 - 80,00,000 5% Government Securities -4,00,000 10% Non-Convertible Debentures Unlisted - 5,00,000 8% Listed Debentures - 10,00,000 During the year, dividends of 8,00,000 were received on equity shares and interest on all types of debt securities were received. On 31st December 2022 equity shares were appreciated by 15% while listed debentures were quoted at 20% premium. PQR Ltd. on 15th December 2022 in its AGM declared the interim dividend of 10% bonus shares at 1:10 with the record date of 28th December 2022. Required: (i) Calculate the Net Asset Value (NAV) as on 31st December 2022 given that the operating expenses paid during the year amounting to 3,00,000. (ii) Assess the NAV, if the mutual fund had distributed a dividend of 0.50 per unit during the year to the investors. (iii) Analyze the annualised return. Can anyone answer this question?
latest answer
Share count increases by 10% and price by 15%
Prasanna kumar Tamilarasu
CMA Final
★ 0
3
875
Deductions u/s 80C
Direct Taxation
answered on 08-Jun-24 18:32
Investments in FD can be claimed for only single year or over multiple years? Let's say I have a FD of Rs. 15 lakhs with recognized bank for a period of 10 years. I can claim deduction of Rs. 150000 only on year of deposit or I can claim deduction over multiple years?
latest answer
Only in every of deposit. That too only Tax Saver FD is covered which has lock in of 5 years.
Santhosh Srinivasan
CA Inter
★ 1K+
1
265
Real Depreciation
AFM
answered on 07-Jun-24 05:11
Hi sir, For real in part 2 we computed ideal Depreciation and for real in part 4 we took Inflation rate. Even though the requirement is same i.e. Real, why we took 2 different things sir ? In part 2 can we compute real depreciation by using US inflation rate i.e. 5% ?
latest answer
In part 4 us inflation is irrelevant as we are bothered abt returns to an Indian investor so only Indian inflation is considered- it has nothing to do with usdinr exchange rate N part 2 they have asked ideal depreciation of currency usdinr so both inflation relates have to be considered
B. Dinesh
CA Final
★ 3K+
1
362