Forums
FS
Auditing
answered on 05-Apr-24 15:42
What's the answer of this question
latest answer
Ok mam thank you
Ramya Telikicherla
CA Final
★ 6K+
4
399
Deduction
Direct Taxation
answered on 08-Apr-24 09:32
A sum of 20000 donated in cash for scientific research under Section 80GGA . Is deduction allowed?
latest answer
This option is given based on the most suitable option.
Lavi Lavanya
CA Inter
★ 6K+
6
402
Put option
AFM
answered on 04-Apr-24 20:00
If share price becomes zero, then the profit of an buyer of put option is limited upto price becomes zero? Then how come is it unlimited sir? Please explain it sir?
latest answer
I explained that in examples - technically it is not unlimited but more from a practical view
Hanumanthu Rajesh
CA Final
★ 7K+
1
254
IND AS 116
Financial Reporting
answered on 04-Apr-24 13:46
Sir if lease payments are happening at year beginning, Those payments are also should consider for lease liability ?
latest answer
For liability only unpaid. If you pay something before inception, it is not considered in liability
M Naresh
CA Final
★ 3K+
1
376
Leases in AS 116 Remeasurement Illustration
Financial Reporting
answered on 10-Apr-24 16:04
Sir in illustration 32 of ICAI why The CPI index was not adjusted for the lease liability table before the date of the Remeasurement ?
latest answer
Changes to CPI after initial measurement will not be considered. If there is modification etc, then it will be considered.
M Naresh
CA Final
★ 3K+
1
379
cost of goods sold value
Financial Management
answered on 04-Apr-24 11:27
cost of good s sold not given directly in sum 4
latest answer
We updated the material regarding it. Please check it in the free resources of our website. Thankyou.
vinayagamoorthy s
CA Inter
★ 0
1
353
Last illustration
Financial Reporting
answered on 10-Apr-24 16:24
Pls clarify if the specialised consumables are manufactured by the entity only, or manufactured ONLY BY THE ENTITY. Because in the second case, it will not be readily available by other third parties and customer has to rely on this entity only for the consumables. So it will be treated as a single obligation right?
latest answer
Is manufactured by the entity itself.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
189
Clause 4 of Part 1 of Schedule 2
Auditing
answered on 04-Apr-24 12:15
Are the concept of substantial interest of the CA only related to companies or related to other constitutions like sole proprietor, firm, HUF... also ? If it is related to other constitution also, then a CA who is having substantial interest should not sign in those FS, certificates... The think that I'm having is correct ?
latest answer
Sole proprietor there is no question, firm he can have n HUF he can be a member. But audit cannot be conducted. Threat to independence exists
Sathiyanarayanan P
CA Final
★ 7K+
1
387
Car license Illustration
Financial Reporting
answered on 10-Apr-24 16:26
Customer can obtain license and seperately manufacture cars also. He need to rely on C Ltd for manufacture. Why is it treated as a single performance obligation?
latest answer
Its a specific tech and may not be available with the customer.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
259
Derivatives Revision
AFM
answered on 04-Apr-24 11:49
Sir in derivatives revision chapter (2 hrs 33 minutes video) of AFM free courses module, you had said that if margin account closing balance falls short of maintenance margin, it must be restored upto initial margin But sir you had told that initial margin is only margin paid initially as per contract and its a one time payment, and maintenance margin is to be kept regularly as minimum balance/margin Then it means we should restore upto maintenance margin, not initial margin as initial margin is just basically an initial deposit but maintenance margin is minimum balance to be maintained regularly. But why top up is made upto initial margin and not maintenance margin?
latest answer
Yes
Rohit Ramesh
CA Final
★ 0
3
352