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FA - Interest Income
Financial Reporting
answered on 24-May-24 10:01
We have solved many illustration relating to FL which involves interest and dividend payments. We need to accrue the same every year at EIR and pass payment entry. Basically we prepare the interest payment table. Is the same thing also applicable for Financial asset. Let’s say the illustration solved in the lecture will be solved in the same manner for FA also ?
latest answer
Yes same way.
Chandan Subudhi
CA Final
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1
404
Scholarship for CFA L1
CFA
answered on 23-May-24 21:26
What's the criteria to get scholarship for cfa?
latest answer
Sure sir
Dhakshana Dhakshana
CFA L2
★ 18K+
2
506
Illustration 1
Accountancy
answered on 27-May-24 15:59
How did 20,000 be taken as depreciation? Of 20X2
latest answer
20,000 is the revised carrying amount for the next 5 years. On this the depreciation is calculated by deducting the scrap value
Shivashankar Jawai
CA Inter
★ 2K+
3
446
what is pay off ?
AFM
answered on 23-May-24 13:07
Hi sir, in this question does pay off means ( pay off from options + closing share price = Position of Mr. Ram ) ?.
latest answer
Pay off means profit
B. Dinesh
CA Final
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1
414
Professional ethics
Auditing
answered on 26-May-24 09:07
Here clause 1 of part 1 of the second schedule says auditor is not obliged to share the working papers with the clients, and also the branch auditor is not obliged to share the working paper with the group auditor, If they share the working papers to client, Or branch auditor shares working paper with group auditor, Will they be guilty of professional misconduct,
latest answer
Thankyou maam understood
R Yashwanth Kumar
CA Final
★ 87K+
2
442
Ca inter registration
Exams
answered on 23-May-24 12:30
What is the last date of registration for Jan 25 inter exams
latest answer
1st may 2024 is the last date of registration for jan 25 exam
Elavarasi B
CA Inter
★ 46K+
2
414
Regarding illustration 5 of value of supply
Direct Taxation
answered on 29-May-24 13:52
Sir in that question 5 (i) Gst is included shouldnt that be subtracted while calculating Gst as per second 15 1 a
latest answer
It is excluding GST only. It is solved as per excluding GST only. It is clerical error in material.
Gayathri Sri
CA Final
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5
230
Professional ethics
Auditing
answered on 26-May-24 09:08
If a CA holding COP and also in employment, refers a lawyer to his employer and lawyer pays him some referral fees then he will be definitely guilty under clause 2 of part 2 of the second schedule, But a CA holding COP shd not be engaged in employment, this also will be wrong know maam
latest answer
Ok maam
R Yashwanth Kumar
CA Final
★ 87K+
2
456
Income Tax on NRI A/C
Direct Taxation
answered on 29-May-24 12:34
Dear Sir, A person who is employed outside India and he is sending his salary from out side India to his NRI a/c in India. If I am not wrong this income is accrued out side India but RECEIVED in India. Then why is it not being taxed in Inia sir. ? Please guide me sir.
latest answer
In case of receipt, we look at the first receipt. Subsequent receipt is known as remittance.
Thankachan Jimmy
CMA Inter
★ 0
3
417
Practitioner's Report Format - SRE 2400/ 2410
Auditing
answered on 23-May-24 09:51
As per Module, Conclusion para comes before Basis for conclusion para, whereas in Bare SA's illustrative reports, Basis for Conclusion is placed before the conclusion para. Which one is correct?
latest answer
It has to be conclusion and then basis for conclusion .
Himanshu Somani
CA Final
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1
629