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Initial Recognition of Finance Lease by Lessor
Accountancy
answered on 15-Apr-24 19:15
Hi sir, hope you're well In lessee's POV, we capitalize asset at lower of FV and PV of MLP. Why do we straight away take net investment as capitalized value here for lessor? Thanks
latest answer
For the lessor the net investment in lease captures all the present values of future benefits.
Devaprasad Jothimani
CA Inter
★ 0
1
356
FVTOCI Subsequent Recognition
Financial Reporting
answered on 15-Apr-24 19:30
sir, Metallics Ltd sum The Fair value given on 30 th June 20X1 has incorporated in journal entry, Are we supposed to remeasure at intermediary dates apart from balance sheet sir . Under FVTOCI Fair value changes should be adjusted only at balance sheet date only know ?
latest answer
can be considered as Interim period end
M Naresh
CA Final
★ 3K+
1
231
AS 12
Accountancy
answered on 15-Apr-24 19:14
Illustration 4, b) how come the salary expense account got credited...
latest answer
In real life expense account can have a credit balance.
Vijay K
CA Inter
★ 9K+
3
399
CFS
Accountancy
answered on 11-Apr-24 11:10
In MTP the answer is different and in book the answer is different what is the correct method sir
latest answer
Okay
shanthini hariharan
CA Final
★ 10K+
2
410
Doubt regarding IRR concept
Financial Management
answered on 07-May-24 13:38
Aditya sir, in u r classes u done all IRR problems w.r.t time line, can we done with IRR formula also in exam, becz same answer is coming via time line concept and IRR formula..?? Plz reply me sir
latest answer
Hi sowjanya, I have doubt regarding replacement decision, shall we discuss once, if you don't have problem, please text me and my contact number is 8310936150
leela sowjanya
CA Final
★ 50
3
386
Penalty for willful contravention of Sections 139,144,145
Corporate & Other Laws
answered on 28-Jan-25 13:47
Kindly let me know what is correct. The Text in para or the text in Table
latest answer
para is correct
Rajasekaran Suresh
CA Inter
★ 495
2
325
Approach in working capital requirements
Financial Management
answered on 12-Apr-24 01:46
If question provide you with depreciation is it necessary to present solution as per cash cost approach and take debtors at cost . Or can take debtors at sales
latest answer
the total cost approach is in line with cash cost only.. so whenever depreciation is mentioned it has to be removed to compute the total cost
AKSHAT MITTAL
CA Inter
★ 5K+
3
466
Quorum for unlisted public company
Corporate & Other Laws
answered on 11-Apr-24 09:38
Is the quorum for the General Meeting of the Shareholders for public company of members upto 5000 15 or 30 Is this answer correct???
latest answer
If the number of members is >1000 but up to 5000 of a public company then 15 members should personally present.
Aswin Mohan
CA Inter
★ 710
1
532
Appelate tribunal
Indirect Taxation
answered on 15-Apr-24 14:43
There is an amendment in the appelate tribunal concept ryt? I didn't understand that. Can u pls explain that
latest answer
It deals with the pre deposit to be paid. What is your exact doubt there ?
Pavan B R
CA Final
★ 4K+
1
451
Doubt
Accountancy
answered on 11-Apr-24 07:31
What is the reason behind splitting and consolidation of shares while amount is remaining the same
latest answer
Intention of the company. If the company wants wider shareholding they may go for splits. Small investors may not be able to invest in a company which has high per share value. For e.g MRF trades at Rs. 1,40,000 per share. If MRF management thinks that more retail shareholders should own the company, they may come up with split.
sitaram kollepara
CA Inter
★ 2K+
1
251