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Treatment of Interest portion of decommissioning liability
Financial Reporting
answered on 29-Apr-24 19:32
Whether Interest portion of decommissioning liability will be accounted in books? If so, how will be accounted ?
latest answer
Yes. Dr. Interest Expense Cr. Decomission liability
Swathi S
CA Final
★ 975
1
311
Cap gains
Direct Taxation
answered on 27-Apr-24 10:11
What would be the date of transfer of house property for which aggreement to sell is there amd part payment done on or before date of aggreement and so SDV as on date of aggreement shall be considered My doubt is what is the date of transfer? Is it the date of handing over the possession or registration date ?
latest answer
If advance is received on or before the date of agreement by account payee cheque then SDV on the date of agreement can be considered.
Sai Akash rockster
CA Inter
★ 5
2
379
Ethics and technology
Financial Reporting
answered on 26-Apr-24 00:13
Sir, can you please upload the pdf of the material you are teaching with on the app it’ll be really useful for the last day revision. I have to re visit the lecture even if I miss out on one thing please
latest answer
Entire notes is available under resources section
Venky Balamurali
Qualified CA
★ 0
1
251
Ind AS 102 Share based payment
Financial Reporting
answered on 02-May-24 09:44
Video No 20 Illustration No 9 Ankita Holding Inc grants 100 shares to each of its 500 employees. (Non market condition). In this problem we do not reverse the entry at the end of first and second year for not satisfying the company earning. Video No 21 Illustration 11 ACC Limited granted 10,000 share options to one of its managers. In this problem we reverse the entry at the end of second year. I am trying to understand the difference between these two problems. Request your help please
latest answer
In question no 9 - the company expects that the vesting conditions would be met.
swaminathan sundaram
CA Final
★ 110
1
406
IND AS 33
Financial Reporting
answered on 02-May-24 09:36
What was the correct answer?
latest answer
What is your doubt?
Divya Sri Vemavarapu
CA Final
★ 15K+
1
333
OVERALL
Strategic Management
answered on 25-Apr-24 21:07
Still there are no revision videos are uploaded, will it be uploaded or not cause its only few days left for the exams.
latest answer
https://www.youtube.com/live/z8bc_2iwhao?si=eTn5z2buGVd7ER43
Pranesh N
CA Inter
★ 4K+
2
444
Query Regarding Presumptive Taxation
Direct Taxation
answered on 27-Apr-24 10:12
Respected Sir, If suppose, Mr.A purchased a land for Rs.40 lakh and develops it into 3 Plot layouts. Mr.A converted Land into Stock-in-trade. Mr.A sold plots for Rs. 1 Crore. Now, Can Mr.A opts for Presumptive Tax and show gain as 8% of Gross receipts of Rs. 1 Crore under Sec 44AD since his turnover is below 2 Crore ? Please kindly clarify this query sir. Thank you sir.
latest answer
First capital gain shall be taxable as per Section 45(2). However, business can be computed as per presumptive provisions.
Mamidi Vinisha
CA Inter
★ 970
2
501
Internal reconstruction
Accountancy
answered on 06-May-24 09:45
In icai book illustration 3 sum , Bank od balance 35000 and other current liabilities amount Cannot Indicate why. Sir not explain about these part please explain
latest answer
Can you please elaborate your doubt?
Sathish Kumar
CA Inter
★ 3K+
2
382
Waste
Accountancy
answered on 25-Apr-24 16:39
Waste of time and waste of my money😒🫤😢
latest answer
What is the issue?
Muddangula Bharath kumar
CA Final
★ 250
1
245
Leverage
Financial Management
answered on 28-Apr-24 04:54
Is there any simple way to do this sum
latest answer
Please follow the method suggested in the video sessions
Sruthi sruthi
CA Final
★ 640
1
366