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Unable to login in spom
Others
answered on 03-Jun-24 17:21
Why cant i login into spom? Its says my ssp username is invalid but ssp portal crendentials work fine
latest answer
use OTP
AKSHITA SITA PRAVA
CA Final
★ 590
1
1K+
Forward points in case of discount
AFM
answered on 29-May-24 10:04
Hi Sir, If Spot is 80/80.30 and forward price is 79.10 / 79.35. Here it is a discount and forward points are 90/95. But as per what you said if Bid < Ask , we should assume it as Premium. But in this case Bid < Ask and it is discount. How to interpret whether it is premium / discount in this kind of situations ?
latest answer
Very unlikely the INR will be at spot of 80/80.30 and forward price of 79.10 / 79.35. Such situations will not arise if it is currency is trading at a discount , that will reflect in forward points too
B. Dinesh
CA Final
★ 3K+
1
351
Ill 3
Financial Reporting
answered on 03-Jun-24 17:01
For Ill 3, the same loss of 3000 (2000 fees + 1000 transportation) is recognised twice in the P/L (6000) wouldn't that be like accounting for the same expense twice?
latest answer
One is paid at time of purchase hence recognise as expense. Second would be paid when sold. So while determining FV less cost to sell we deudct.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
210
This is the land where the question of depreciation
Financial Reporting
answered on 03-Jun-24 17:06
Sir,Kindly clarify valuation part in slide
latest answer
in proportion of depreciation of plant (not land)
Ramamoorthy Kaliyaperumal
CA Final
★ 3K+
1
215
Illustration 6
Financial Reporting
answered on 03-Jun-24 17:09
When can a promotor's contribution by government be treated as Govt Grant?
latest answer
It will be treated as a government grant. However, You cannot credit it to Capital reserve / Equity. [AS-12 required it to be credited to capital reserve] You need to show it under deferred grant account and transfer it to P&L.
Swathi S
CA Final
★ 975
1
242
Illustration 6
Financial Reporting
answered on 03-Jun-24 17:10
In this illustration, whether it has been assumed that the contribution are in the nature of Government Grant
latest answer
It is given in the question.
Swathi S
CA Final
★ 975
1
324
Illustration 5
Financial Reporting
answered on 03-Jun-24 17:17
Exemptions of custom duty on capital goods are treated as Government Grants. Then, Duty Drawback and RODTEP should also be treated as Government Grants? Whether Exempted GST also to be shown as Government Grants ? g
latest answer
Exempted GST, Dutydrawbacks, RoDTEP are Government Grants.
Swathi S
CA Final
★ 975
1
249
excel
Others
answered on 29-May-24 09:35
for sum formula , you told that alt = is the easiest way to sum the cells but my apple laptop doesnt have alt funtion . any other way to do it ?
latest answer
No 😓 MacBooks are not MS office friendly. Another option is buy Parallel desktop software about ₹5,000
Vartika Ramnani
CA Inter
★ 0
1
372
excel course
Others
answered on 03-Jun-24 17:24
how to use F2 key in mac book ie., to bring cursor to a cell for editing the context of the cell without mouse? if i am pressing f2 key it is only increasing the brightness of the screen
latest answer
1
Vartika Ramnani
CA Inter
★ 0
2
303
REBATE U/S 87A
Direct Taxation
answered on 29-May-24 12:28
Does the total income mentioned in the section includes only income calculated in normal rates or does it also includes income that are taxable in special rates?
latest answer
Entire total income.
Santhosh Srinivasan
CA Inter
★ 1K+
1
309