Forums
Forex illu87 part Il execution after due date within 3 grace days
AFM
answered on 11-Apr-24 06:39
Sir, please help me why are we not considering the ODFC contract for execution also we do cancel it how come it is possible sir I have attached a detailed SS for your reference
latest answer
Got it sir🙏🏼
kabilan sam
CA Inter
★ 3K+
2
367
Minimum Prescribed learning hours
Exams
answered on 13-May-24 11:23
How many hours do we need to attend the classes for satisfying the minimum Prescribed hours?
latest answer
login to BOS portal and check
Harish Kumar
CA Final
★ 2K+
8
424
Financial instruments- Future Accounting
Financial Reporting
answered on 10-Apr-24 15:54
At initial the strike price and market price wont be same know sir . the strike price will be more when compared with market because the market is in contango (Bullish). So at Initial Recognition The fair value of futures will not be zero know sir ?
latest answer
Thank you sir
M Naresh
CA Final
★ 3K+
2
187
Film studio Illustration
Financial Reporting
answered on 06-Nov-25 11:17
Using same logic as explained for the sports team qn (i), we can say that the customer D also expects the film studio to carry out promotion and they will stream the movie basis how people books tickets based on the promotion and the actors. So the perfomance of the studio also plays a role in the entity's usage of the IP. so why is the answer different for both?
latest answer
If the question is silent, no need to identify. In real life you can compare upfront payment vs monthly payment.
Dhvaritha Ravishankar
CA Final
★ 7K+
3
174
please provide solution of this quesion with proper working notes
Costing
answered on 10-Apr-24 16:27
The following data relate to Bookshop Ltd: The financial manager has made the following sales forecasts for the first five mon of the coming year, commencing from 1 April 2010: Month Sales April 40,000 May 45,000 June 55,000 July 60,000 August 50,000 Other data: (1) Debtors' and creditors' balance at the beginning of the year are 30,000 and 14,000, respectively. The balance of other relevant assets and liabilities are: Cash Balance 7,500 Stock 51,000 Accrued Sales Commission 3,500 (ii) 40% sales are on cash basis. Credit sales are collected in the month following the sale. (iii) Cost of sales in 60 per cent on sales. (iv) The only other variable cost is a 5% commission to sales agents. The Sales Commission is paid in a month after it is earned. (v) Inventory (stock) is kept equal to sales requirements for the next two month budgeted sales. (vi) Trade creditors are paid in the following month after purchases. (vii) Fixed costs are 25,000 per month including *2,000 depreciation. You are required to prepare a cash budget for the months of April, May and June 2010, respectively.
latest answer
Question has not given data.
Sakshi Chauhan
CA Inter
★ 6K+
5
589
General doubt
Accountancy
answered on 11-Apr-24 07:37
In case of amalgamation in nature of purchase, purchase consideration includes compensation for share capital and reserves. In case of merger, purchase consideration includes compensation for share capital also. Am I right in this context.
latest answer
Reserves are incorporated (created) in the new company, It is not that they are transferred.
sitaram kollepara
CA Inter
★ 2K+
3
248
Debtors management
Financial Management
answered on 11-Apr-24 00:32
Why revised investment in debtor is 30L. In question it is said 50% will go for cash sales by offering discount..
latest answer
Please re-read the question and try understand the point in the question, which says, 50% is not cash sales.. It says, for the 2% discount offered, 50% of the customers would OPT for the same.. so the computation would be as told in the video 30L x 2% x 50% So what is explained in the video is correct
Harish Kumar
CA Inter
★ 180
1
357
illustration
Financial Reporting
answered on 10-Apr-24 15:59
closing C & CE is 51L ? right
latest answer
Yes. will correct it. Thanks for highlighting.
Hariharan S
CA Final
★ 5K+
1
185
Share Capital and debentures
Corporate & Other Laws
answered on 10-Apr-24 10:45
Pls explain the qn with the answer.
latest answer
The answer given in the qn is 5% and 2.8%
STEPHY ANTO B
CA Final
★ 1K+
1
312
Marginal costing
Costing
answered on 16-Apr-24 15:04
Why they are not using the incresed fixed cost by 25000 in the answer??
latest answer
But in the pic which I shared here in answer they got 50000 units without adding additional fixed cost ?
Devisree
CMA Final
★ 0
13
347