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AS-13 disposal of investment

Accountancy

answered on 17-Feb-24 15:28

Here it is given that we need to follow average cost basis so does it mean we can't use fifo method as per AS-13 for valuing carrying amount?

latest answer

Trading in securities as business.

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

3

589

Security Valuation -Bonds

AFM

answered on 11-Feb-24 14:48

In the Illustration Point Rounded , I am not able to understand the point . Are they saying the Coupon payments should be compounded Half yearly .

latest answer

They are asking clean price immediately after half yearly coupon payments so obviously half yearly compounded

M Naresh

M Naresh

CA Final

3K+

1

296

illustration 45

Financial Reporting

answered on 12-Feb-24 19:16

we will be paying 80K, 68K expensed off to p & L as per ind as 116, what is treatment for bal 12K?

latest answer

12k will be considered for lease liability computation.

Hariharan S

Hariharan S

CA Final

5K+

1

166

Life insurance Policy

Direct Taxation

answered on 13-Feb-24 08:09

Term life insurance policy is exempt?

latest answer

In term life policy, you get sum assured on death only

Kamal Kumar

Kamal Kumar

CA Inter

7K+

6

391

Layoffs

Financial Reporting

answered on 13-Feb-24 13:10

Sir, At present many companies are terminating employees voluntarily from jobs, will company also pay compensation at that time ?

latest answer

yes

Surya Prakash

Surya Prakash

CA Final

19K+

3

366

Ca inter group 2 application _Cleared Group 1

Exams

answered on 10-Feb-24 23:44

Regarding registration of May24 intermediate exam.... One of my friend already cleared Grp1 .....So whether he have to Select Group 2 or Unit2D while registering... As Costing is exempted as per new scheme...

latest answer

Okay sir thank you 👍

Aishwarya

Aishwarya

CA Final

0

2

418

Security Valuation

AFM

answered on 12-Feb-24 12:55

Sir, the effect of inflation on interest is given by multiply or by adding the inflation to the interest ?

latest answer

When you have a number and we say there is premium attached to it - you simply add a number. IN case of inflationary adjustments to revenue numbers one always has to multiply the inflation rate - have explained this in class and also revision video on YT

Swathi Krishna

Swathi Krishna

CA Final

8K+

5

399

Professional Ethics

Auditing

answered on 11-Feb-24 18:18

If a member who is not in practice will provide the Management Consultancy and other services. Will he be regarded as a member deemed to be practice ?

latest answer

Yes

M Naresh

M Naresh

CA Final

3K+

1

320

doubt

Financial Management

answered on 10-Feb-24 16:35

sir since leverage chapter is not covered in the last 5 chapters we don't know the concept sir but it was covered in this sum sir so can u provide the classes in a sequence sir

latest answer

This is an ICAI material Question from Capital Structures Chapter, page 5.55 https://resource.cdn.icai.org/74777bos60495-cp5.pdf If you are finding it difficult to understand, kindly come back after finishing next chapter

SHARINIDHA KS

SHARINIDHA KS

CA Final

2K+

1

178

YouTube RTP

Indirect Taxation

answered on 11-Feb-24 12:37

will the live be recorded of shiva teja Sir's RTP. If it's not, how would students who got regular class can hear today

latest answer

Through YouTube

07- Issac Jolly-XII C

07- Issac Jolly-XII C

CA Inter

16K+

2

343