Forums
audit of borrowings
Auditing
answered on 04-Apr-24 08:03
Bonds/debentures (along with the rate of interest and particulars of redemption or conversion, as the case may be) shall be stated in descending order of maturity or conversion, starting from farthest redemption or conversion date, as the case may be. Where bonds/debentures are redeemable by instalments, the date of maturity for this purpose must be reckoned as the date on which the first instalment becomes due. could you please give me an example for this?
latest answer
thank you so much mam
Roobashree Rajagopal
CA Inter
★ 1K+
2
355
Ind AS 12 Deferred Tax
Financial Reporting
answered on 01-Apr-24 05:10
Page 10.18 old study material example 21 An entity acquires on the first day of reporting period. In this example I can understand calculation of depreciation for 6 years on SLM basis. But I am not able to understand depreciation calculation for tax purpose. Tax rate is given as 30% in the solution depreciation it taken as Rs (90), (10), (7) (5) etc How this calculation is done I am not clear
latest answer
Just an assumption. No rates. IN exam you will get rates.
swaminathan sundaram
CA Final
★ 110
1
281
Accounting for taxes on income
Accountancy
answered on 01-Apr-24 04:55
Accounting income is considered as NIL?? And How it will regarded it as deferred assets?
latest answer
Sale value = 8 crores Cost = 8 crores Accounting income is 0. Taxable income is 4 crores. Paid taxes in the current year and low taxes in future. Hence DTA.
Laxmi Devi Suresh
CA Final
★ 16K+
1
282
Revaluation Reserve and Depreciation
Auditing
answered on 02-Apr-24 17:15
i couldn't understand the revaluation reserve and depretiation concept in this video
latest answer
Depreciation on revalued asset, to the portion apportioned to revalued amount, is reversed from revaluation reserve. Asset worth 1000 Rs- revalued to 1500 Assets will be increased by 500 and revaluation reserve credited by 500. Now depreciation if u assume 10%, 1500 *10= 150 In P & l you will debit 150. But revaluation reserve has to have corresponding effect. debit to revaluation reserve will be 500*.10= 50. In p and l -net effect will be 150- 50= 100 (this is dep attributed to value before revaluation) P & L to Depn- 150 Revaluation Reserve - 50 to Pn L- 50
Satha Sivam
CA Final
★ 6K+
1
163
Cause 11 of Part 1 of First schedule
Auditing
answered on 02-Apr-24 17:17
Part time or full time tutorship under any educational institution other than the coaching organization of the institution Which means giving tutorship in pvt academy which belongs to CA course... Am I right ? Part time are full time lectureship for courses other than those relating to the institute's examinations conducted under the auspices of the institute of the regional Council or their branches. Which means giving lectureship for courses other than CA na ?
latest answer
yes
Sathiyanarayanan P
CA Final
★ 7K+
1
317
Working capital management
Financial Management
answered on 03-Apr-24 13:36
Sir in this question purchase of raw material in 1st year 12000(totalunits sales+closing stock of fg ) ×80 = 9,60,000... But while computing for lag in creditors you took 960000+160000 as purchase why ??? Already 160000 is included in 960000..
latest answer
Please mention the timing
Harish Kumar
CA Inter
★ 180
1
366
Worried about Self paced modules
Others
answered on 04-Apr-24 12:54
I am writing my attempt in Nov - 24. Done with all classes except self paced modules for which icai didn't give any announcement.. This is making me frustrated worried that I can't actually plan for my exams. Like how many revisions I can do.. No of days for each revsion and all.. PLZ TELL HOW SHOULD MY PLAN OF ACTION NOW ASSUMING I COMPLETED CLASSES OF. ALL SUBJECTS EXCEPT SELF PACED MODULES
latest answer
Please do not worry un-necessarily about Self-paced modules. let things happen first for May attempt - dont worry about all these things and concentrate on main papers -
Sai Teja
CA Final
★ 14K+
1
353
Convergence with IFRS
Accountancy
answered on 31-Mar-24 08:07
Are terminology differences "Carve -outs"?
latest answer
Yes
Mainak Chakraborty
CA Inter
★ 0
2
313
Doubt regarding Ke
AFM
answered on 31-Mar-24 06:36
Sir, why are we considering Ke of target company instead of acquirer.
latest answer
Disc factor changes based on project - for risky projects one takes higher disc rate same way in acq - if target is growing very fast it will have a higher disc rate - hence its ke is used
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
1
324
Sir How should I watch these lectures according to ICAI material.
Accountancy
answered on 30-Mar-24 23:58
Means first with AS or without AS. Because I'm not able to match the contents of ICAI material with lectures. I have got Indigo learn books of old course.
latest answer
AS
Chirag Singhal
CA Inter
★ 415
4
193