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loss in control of subsidiary
Financial Reporting
answered on 15-Apr-24 19:28
in the entry of cfs, will we recognise remaining stake as investment in subsidiary in the books of cfs? So the entry would be Cash acDr 67,50,000 Investment ac Dr 45,00,000 To Net asset 80,00,000 To Goodwill 10,00,000 To p and l 22,50,000
latest answer
Yes.
binu mathew
CA Final
★ 0
1
333
Ca final AFM exam Pattern May 2024
Others
answered on 02-Apr-24 11:30
Seen MTP's today. Will they give OMR for bubbling MCQ s or do we need to write in the answer sheet itself ?
latest answer
In its latest scheme, the ICAI has made significant changes to the CA exam pattern. They have reduced the number of exams for both CA Intermediate and CA Final from 8 to 6. Additionally, they have introduced multiple-choice questions (MCQs) to all subjects at these levels. For more information and resources, please visit CA Virtual Hub.
M Naresh
CA Final
★ 3K+
2
846
IND AS 109
Financial Reporting
answered on 28-Mar-24 14:06
Sir, in illustration 31 of the study material the IRR rate which i found was 11.38 using rates 10 % and 12 %, however the rate shown in the study mat is 11.42 using rates 10% and 13% is there a problem because of the difference in the decimals? will mark be deducted completely as the entire amortization depends on this rate right?
latest answer
10 & 12 is a better rate to consider. Marks will not be deducted.
Swathi Krishna
CA Final
★ 8K+
1
284
Conditions to be met if Dividend Paid from Reserves
Corporate & Other Laws
answered on 29-Mar-24 13:56
Hi ma'am, hope you're well. You had listed certain conditions that are to be met, if dividends are to be paid from Reserves / Past year profits. Would these conditions still apply in full, even if both Current year profits and Past year profits were used to pay dividend? As in, some part from Current year profits and rest from Past year profits. Or would the conditions be apportioned since we're not paying dividend entirely from Past year profits? Thanks
latest answer
Even if partly the reserves are used, the conditions will apply
Devaprasad Jothimani
CA Inter
★ 0
1
258
Material Cost
Costing
answered on 28-Mar-24 14:00
How to calculate the price per unit in the transaction dated 20-9-22? In general it's ₹6.10 right stated in the transaction dated 15-9-22 but in key it was ₹5.75
latest answer
Thank you
Sai Ganesh
CA Final
★ 8K+
2
329
Average Rate of only Final Dividends to be Considered?
Corporate & Other Laws
answered on 29-Mar-24 14:02
Hi ma'am, hope you're well. If the relevant period ran into loss, interim dividend can't be declared at a rate higher than the average dividend rate of the previous 3 FYs. Here for average dividend rate, do we only see the final dividend rates of the previous 3 FYs? Or do we see the interim dividend rates of the previous 3 FYs also? Thanks
latest answer
We use average of Final dividends declared by Company in 3 PFY
Devaprasad Jothimani
CA Inter
★ 0
2
286
illustration 2
Financial Management
answered on 03-Apr-24 16:37
in second sub division if no, of lots is asked how should i round it off.... is it 6 lots?
latest answer
Please be more specific in the doubt. Also please mention the time slot
21BPA527 Lakshana
CA Inter
★ 0
1
259
icai correction window may 2024
Others
answered on 28-Mar-24 15:57
can any clarify me that icai has given an option to conversion from examination of both groups to single group for this may 2024 attempt?
latest answer
No they' won't give that option.. because they have obligation to refund money that's why they disabled that option
RAHUL PENKI
Qualified CA
★ 405
1
324
Working capital Management
Financial Management
answered on 03-Apr-24 19:36
the question doesn't asked us to compute wc on cash basis... Then why are we excluding depreciation part From total cost..?
latest answer
There need not be a specific mention because, in finance only cash items are considered
Harish Kumar
CA Inter
★ 180
1
266
Animation is not in time to Speech
Auditing
answered on 28-Mar-24 14:08
Sir the animation of material is moving fast before completion of mada Speech We are not able to visible what madam doing
latest answer
Thanks for highlighting the issue - will be reuploading clips shortly
Surya Prakash
CA Final
★ 19K+
3
199