Forums
AS 12
Accountancy
answered on 09-May-24 09:10
If the asset is accounted for a nominal value of say ₹1 or ₹10 and the useful life is 10yrs, then what will be the amount of depreciation that will be charged for the useful life of the asset?
latest answer
Depreciation will not be charged as it is immaterial
Mahesh Ram
CA Inter
★ 0
1
380
clarity regarding preliminary engagement activities
Auditing
answered on 10-May-24 11:04
madam what is the difference between preliminary engagement activities and and preconditions for audit
latest answer
thank you all :)
aravind lalji
CA Inter
★ 0
7
609
Notes
Direct Taxation
answered on 09-May-24 07:23
From where can i download notes on income taxable under head salaries
latest answer
First part is the pdf itself
Josyula Reventh Venkata Raja Chandra Pavan
CA Final
★ 0
1
330
Employee benefits
Financial Reporting
answered on 09-May-24 16:23
Video No 36 Illustration 24. I can understand calculation of OCI. OCI amount is 165750 is debited to OCI. Which account I have to credit
latest answer
Plan assets & liabilities
swaminathan sundaram
CA Final
★ 110
1
359
List price into taken into account subsidiy amount?
Indirect Taxation
answered on 08-May-24 16:45
In this problem it is given list price taken into account the subsidy amount then why subsidy is again added to list price in case of subsidy from non gov and why gov subsidy not reduced from list price? Please confirm if what is done is correct in this video?
latest answer
Welcome.
Liz James
CA Inter
★ 2K+
7
393
Interest rate is per month not per annum.
AFM
answered on 03-May-25 20:47
Hi sir, while computing the cost of carrying we have to multiply the spot with interest rate for 3 months. In the question they have given interest rate as 15% PER MONTH. SO the formula for cost of carrying should be [ Spot*15% per month* 3 months]. But what you have taken is [spot*15%per month*3 months/12 months]. Why we have to divide it by 12, even though they have given the interest rate PER MONTH ?
latest answer
Yes
B. Dinesh
CA Final
★ 3K+
6
449
Ind AS 12
Financial Reporting
answered on 09-May-24 16:26
Hi sir , Is this topic of computation of DTA/DTL in case of compound financial instrument covered in the class videos
latest answer
IT will be added in Ind AS 109
k santosh reddy
CA Final
★ 0
1
400
Time of supply, date of payment in general case (not RCM) in case of services
Indirect Taxation
answered on 08-May-24 16:47
in this question date of the payment is date of credit in the bank a/c right as they have mentioned payment was made on the same day i.e 12/1? Then the ans also will be 12/1 right?
latest answer
Understood. Thank you
Liz James
CA Inter
★ 2K+
11
267
engagement letter drafting
Auditing
answered on 08-May-24 13:42
madam, but shouldnt the engagement letter be drafted by the auditor? and if there is some discrepancy isnt that the fault of the auditor??here in this question it is said that the engagement letter has been issued by mea limited .
latest answer
Appointment letter is issued by management, n engagement by auditor. In practicality it’s management who drafts. But before acceptance auditor should be sure about the content there in. Otherwise he will be guilty of professional misconduct
aravind lalji
CA Inter
★ 0
1
350
FA / FL - Loan - Amortised method
Financial Reporting
answered on 10-May-24 20:24
Please share an illustration relating to Loan(NOT INTEREST FREE) where solution has given for both the parties I.e. lender and borrower. So that we can understand from a broader perspective that how one instrument is recognised as FA for one party and FL for another party.
latest answer
FV is PV discounted at effective rate which is equal to TP.
Chandan Subudhi
CA Final
★ 12K+
9
481