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Confusion on why we didn't add closing stock to adjusted purchases
Accountancy
answered on 18-Dec-25 16:25
Sir why didn't we add closing stock to adjusted purchases and take gross purchases to P&L just like we did in illustration 1
latest answer
Acha okay sir tq
Vandana Haripriya doddi
CA Inter
★ 2K+
2
137
Illustration 9
Financial Reporting
answered on 22-Dec-25 15:26
Sir as per Ind AS 37 the 10% is not recognised as the oil extraction event has not been started. But as per Ind AS 16 it will be recognised at 100% or only 90% Sir? [Video Time Stamp: 09:00]
latest answer
90% only. Since 10% Is linked to operations so as an when extracted, it will be recognised as Dr to Inventory and Cr to Liability
Selvakumar R
CA Final
★ 165
1
98
ill 18
Financial Management
answered on 18-Dec-25 08:52
Sir in the qn the cost is same but rate of cost is different (12,8.4) . whether we have to consider only cost given is same or not or Fixed cost ( 16800,24000) is same or not [Video Time Stamp: 08:47]
latest answer
We are looking fixed cost on absolute rupees basis after adjusting for tax Percentage does not matter
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
87
Consolidation
Accountancy
answered on 19-Dec-25 11:27
Sir, please explain why bonus shares considered for calculating cost of control, if it issued from post acquisition reserve doubt from illustration 9 in ICAI study material
latest answer
Thank you Sir
Bhuvaneswari Ravi
CA Inter
★ 4K+
2
123
B.Com - IGNOU
Others
answered on 22-Dec-25 19:27
Good Evening sir I passed both the groups of CA Inter(8 Papers) How many papers do i need to write for B.Com (IGNOU)?Kindly clarify thank you sir
latest answer
IGNOU 👇 https://resource.cdn.icai.org/86176bos290525.pdf
Balamurugan V
CA Final
★ 52K+
6
139
ill -13
Costing
answered on 22-Dec-25 15:47
Sir in this qn they have weight loss which is normal loss so it is absorbed by good units. scrap is 8% and 2% is normal loss then the remaining will be abnormal loss . whether my understanding about qn is correct?
latest answer
Yes
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
99
ill 12
Costing
answered on 12-Jan-26 11:13
Sir i cant understand this step alone why we are doing 90000/0.8*0.2 we know the profit element and cost element so we can find 100% amount and we can take 20% amount,like as we done in process 1 [Video Time Stamp: 21:25]
latest answer
there are two TP. If its 25% on TP. Assume TP = 100, Profit = 25 and cost = 75. ANd accordingly you can solve. If its 20% on TP. Assume TP = 100, Profit = 20and cost = 80. ANd accordingly you can solve.
21SCO08 mahalakshmi
CA Inter
★ 1K+
3
99
FY (Apr- Mar ) can be used.
Financial Reporting
answered on 22-Dec-25 15:28
we assumed that the borrowing was made beginning of FY, instead of using (Jan -Dec) can we use (Apr-Mar) as below, [Video Time Stamp: 02:54]
latest answer
IN exam questions exact dates will be given. in this particular question, we have follwed ICAI assumption of Jan - Dec
Shinisha Rose R
CA Final
★ 5K+
2
90
Same type of vehicle
Costing
answered on 22-Dec-25 15:49
Sir in case of different types of vehicle, we should be using the concept of equivallent charge for a single vehicle, is that correct sir? [Video Time Stamp: 17:43]
latest answer
Yes
Vinod Kumar
CA Inter
★ 11K+
1
98
Clause (1)(e) BENAMI TRANSACTIONS
Auditing
answered on 19-Dec-25 09:48
Ma'am , if proceedings relating to benami property have been initiated under the Benami Act and the company has properly disclosed the same in the financial statements, does the auditor still have to report it under CARO 2020? For benami property under CARO 2020, does reporting depend on existence of proceedings or on improper disclosure? [Video Time Stamp: 18:24]
latest answer
Reporting is done by the initiation or pendency of proceedings under the Benami Act and not by improper disclosure. Even if proper disclosure is made, the auditor is required to report the existence of such proceedings.
Priya Dharshini
CA Inter
★ 410
1
108