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depreciation period chart

Financial Reporting

answered on 13-Feb-24 13:10

depreciation period chart is wrong check this sir,

latest answer

Thanks. will correct it.

Hariharan S

Hariharan S

CA Final

5K+

1

152

Quer about gst in indigo books

Accountancy

answered on 11-Feb-24 19:09

Please inform us whether gst is added in ca foundation indigo material so that we could purchase the same

latest answer

In the notes it is already available

Surya Kiranmayee

Surya Kiranmayee

CMA Inter

0

2

238

About accounting for gst

Accountancy

answered on 11-Feb-24 17:04

Could you please inform us where gst is available in ca foundation vedio lectures

latest answer

It will be added in March first week

Surya Kiranmayee

Surya Kiranmayee

CMA Inter

0

1

201

Regarding conversion

Others

answered on 12-Feb-24 10:35

I cleared grup 1 now I am converting to new scheme in portal where I need to upload grup 1 marksheet

latest answer

I got same issue on direct entry Then i scanned and uploded In shop not mobile scanner and i uploded all semister documents Then i got successful

Sentoor Kumaran

Sentoor Kumaran

CA Inter

3K+

8

391

CPT

Economics

answered on 11-Feb-24 19:30

what is meant by CPT. can you explain me

latest answer

Common proficiency test.

Mukkanna K

Mukkanna K

CA Inter

0

1

186

Reclassification of investment

Accountancy

answered on 17-Feb-24 15:24

If current investment is reclassified into non current investment then does the carry amount after reclassification should be as per current investment provision ( lower of fair value and cost) and vice versa for non current to current

latest answer

yes

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

3

327

Tax benefit comparison

AFM

answered on 11-Feb-24 19:52

Does it lead to double counting of tax benefit on Rs.9 million? (If the option of issuing new bond is exercised then tax benefit on entire 9 million will be taken in year 1 and comparison of tax benefit for subsequent years wont be needed).

latest answer

No. We are comparing two things, initial cost outlay in which we have deducted tax savings and 2nd is future savings even in which we have considered tax benefit of amortization. In both cases we have subtracted and then comparing - there is no double counting

shamanth rm

shamanth rm

CA Final

2K+

1

214

Alternative answer

Auditing

answered on 14-Feb-24 20:16

Ma'am, Will it be OK if we add about external confirmation. As the question wasn't directly indicating to fraud . I was thinking to add external confirmation too means that auditor all first confirm from that consultation firm and then we can right about fraud too Will it be OK?

latest answer

Okk mam ,understood

Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

18K+

3

370

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

596

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

299