Forums
PRII VS PROI
Corporate & Other Laws
answered on 25-Feb-24 18:10
Is that Ravi has 2 residential status for a FY or be treated as “PROI”?
latest answer
No, he will be considered as a PROI, in the example just for the purpose of making it easier to understand it residential status was split.
Soon to be CA
CA Inter
★ 4K+
2
219
Application
Others
answered on 22-Feb-24 20:29
When is the last date for CMA FOUNDATION Exam form application
latest answer
Thank you sir
Vijaya Lakshmi Pojula
CA Foundation
★ 2K+
2
296
Amalgamation of company - Illustration 15
Accountancy
answered on 13-Mar-24 14:37
I had one doubt sir, why you were not taken 10% debenture and loan from A for calculating Purchase consideration. It should be in Building 306000 Inventory 576000 Tr. Receivable 234000 Inventory 198000 Goodwill 216000 Bank 0 Less: Tr. payable (320000) 10%Deb (400000) Loan from A (160000) Net asset 650000 Therefore, B ltd will settle the payment by using cash and Equity share Cash = 600000 -Net asset = 650000 Equity share value = Rs.50000 Issue Price = Rs.125 Equity share =400 shares Amount(125*400) =Rs. 50000 If it is wrong please answer me why we were not taken the same. Thank you, sir
latest answer
The questions mentions only trade payables taken over at book value. Hence other liabilities are not considered.
Nishanth SK
CA Inter
★ 440
1
317
Eps
Financial Reporting
answered on 22-Feb-24 17:41
Icai mca As per mine answer would 1.90 sir I attach my working How can it be 1.74 sir
latest answer
many ICAI answers are incorrect.
Ravi Teja
CA Final
★ 20
2
361
May2024 exam registration
Exams
answered on 22-Feb-24 18:56
Sir as I completed grp1 inter in nov23 , I have two papers in grp2 for exams in may24. While registering for exam, I have option shows exam applied.... Which option do I need to choose?? Appear for grp 2 or unit2d -paper5 and6 Please do reply
latest answer
The students should have completed Advanced ICITSS on or before 10th April, 2024 for being eligible to appear in MAY 2024 examinations. Candidates who have not yet passed the AICITSS – IT Test are advised to visit https://resource.cdn.icai.org/77205exam62133.pdf dated 20th November 2023 to know the schedule of AICITSS – IT Test and clear the test to be eligible for Final MAY 2024 exams.
Seema Viswanathan
CA Final
★ 1K+
5
448
Illustration 11; cost of capital
Financial Management
answered on 22-Feb-24 08:57
How np will 103 I got np 108 Can u please explain
latest answer
Share your working
T swathi
CA Inter
★ 1K+
1
185
As16
Accountancy
answered on 13-Mar-24 13:47
I found this qsn & have doubt in this this In Jan all loan repayment was made Feb new loan taken, hence interest will start from feb for the expense made after loan has taken and not for expenditure made before Then why on upto jan 15% pa interest is charged
latest answer
Yes. But again reached overdraft subsequently. This overdraft would have been avoided if the capital expenditure was not incurred.
Sushmita Chowdhury
CA Inter
★ 2K+
3
360
Excel problems
AFM
answered on 21-Feb-24 19:37
Solving answers in excel is very much difficult to follow
latest answer
All solutions are available in pdf format and also book.
George James
CA Final
★ 0
3
194
Doubt?
Financial Reporting
answered on 22-Feb-24 18:53
When We Take an asset on lease we show it as Financing Activity isn't it? When we take an asset on lease and we give it to sub lease can we show transactions in Net basis (as i'm thinking it falls under exceptions)
latest answer
Sub lease is investing activity.
Surya Prakash
CA Final
★ 19K+
3
304
Is my Interpretation is correct?
Financial Reporting
answered on 21-Feb-24 18:33
Loss of Control means Holding investment below 50% isn't For example:Before Change we hold 75% and after change 65% as it is not loss of control we show in Finance Activity If Before Change it is 75% and after change it is 48% it is loss of control so we show in Investment Activity isn't it
latest answer
Ok sir
Surya Prakash
CA Final
★ 19K+
2
335