Forums
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
309
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
314
House loan
Others
answered on 28-May-24 15:13
Sir if interest rate is increased why would they increase tenure sir? Also increase in emi means tenure would be same I didn’t get to know how this math works? Also how to calculate emi in excel
latest answer
Okay.
Sugam SM
CA Final
★ 9K+
3
461
Clarification
AFM
answered on 29-May-24 09:43
Hi Sir, Based on the previous problem i.e. INR ZAR i formed a formula to calculate the cross rates. The formula is : For Bid Price: Selling price of the quote currency / Buying price of Base currency and for Ask Price : Buying price of Quote currency / Selling price of Base currency. Explanation of the formula : The Bid price of INR ZAR means Bank will buy INR and sell ZAR. The rate should be per unit of INR, Buying rate of INR should be in denominator and Selling rate of ZAR should be on numerator. so the formula will be Selling rate of Quote Currency/ Buying rate of Base currency. Eg : USD INR - 75.3510, 75.4779 & USD ZAR - 15.7760 & 15.7890. Selling rate of Quote currency in INR ZAR means, Selling rate of ZAR i.e.15.7760(buying rate of USD ZAR means buying of USD and selling of ZAR so selling rate oof ZAR is 15.7760), and buying rate of base currency in INR ZAR is Buying rate of INR i.e. 75.4779( USD INR ask rate means selling USD and buying INR, so INR Buying rate is 75.4779). So the bid rate of INR ZAR = 15.7760/75.4779 = 0.2090. I have applied this formula to some live data as well. it holds good in every case, but in this example i.e. EUR GBP the answer is not coming. Can you please explain what is wrong in the formula sir ? Attaching some of the live data illustrations excel sheet using the formula for your reference. please let me know what is wrong in my logic.
latest answer
Pls find attached the solution
B. Dinesh
CA Final
★ 3K+
1
533
ABC
Costing
answered on 05-Jun-24 16:25
May 2022 Question paper How to calculate Machine Related Costs?
latest answer
As per your working note for ABC cost per machine hour is Rs 3 per hour. For product Ax - cost = 7500 units x 2 hrs p.u x 3 p.h = 45,000
Gobi k
CA Inter
★ 12K+
1
326
In company audit and laws this concept was similar
Corporate & Other Laws
answered on 04-Jun-24 12:17
I confused this question in company audit and laws this concept was similar
latest answer
Yes the concept is there in both the subjects - what is your specific query
R G
CA Final
★ 9K+
1
253
Ind AS 16 - Illustration 7
Financial Reporting
answered on 31-May-24 22:35
How did we arrive overhaul cost in year 6 as Rs 6 Million
latest answer
Given in question
SANDRA S JOY
CA Final
★ 30K+
1
204
ap
Others
answered on 27-May-24 20:56
why only telgana and other south states but not ap
latest answer
What?
manthena varma
CA Foundation
★ 1K+
1
225
Identified Assets
Financial Reporting
answered on 03-Jun-24 17:18
Dear Sir, Kindly clarify the below scenario, and whether the same can be recognized as an identified asset: In a group entity, the Holding company has executed a Lease agreement with the 3rd party of specific assets for a specific period, and also entered an agreement with the group entities to record the terms of reimbursement of cost incurred by the Holding pursuant to the Deed based on the number of seats and services utilized by the Company in the Premises. and also clearly mentioned that this Agreement is not a sub-lease agreement or a service agreement and is merely an arrangement for reimbursement of costs incurred by Holding towards the lease of the Premises. One of the subsidiaries agreed to 100 seats (not specified in the agreement) and paid rent accordingly. Whether the same to be recognized as a Lease in Subsidiary books of accounts?
latest answer
The arrangement lacks specificity regarding the identified asset (100 seats not specified). The agreement indicates a reimbursement of costs rather than a transfer of control over the use of specific assets.
Chaitanya Sai Gupta
CA Final
★ 4K+
1
260
Illustration 19
Financial Reporting
answered on 01-Jun-24 18:50
Why revaluation surplus transfered to retained earnings?
latest answer
As per INd AS 16, the revaluation surplus can be periodically transferred to retained earnings. At the time of disposal of asset, the balance in revaluation surplus is to be transferred to retained earnings.
Sugathan P.R
CA Final
★ 8K+
1
341