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Compound Financial Instruments
Financial Reporting
answered on 08-Feb-24 12:09
In this problem, in the question it is not mentioned anywhere as to how much of cash will be paid or will it be paid in premium or par. It only says, the convertible shares can be converted any time in next 8 years. Should we always assume convertible shares are optionally convertible only unless it is mentioned as compulsorily convertible?
latest answer
Okay sir thank you
Susee Arunachalam
Qualified CA
★ 26K+
2
345
Cash payment under PGBP
Direct Taxation
answered on 09-Feb-24 19:12
legal expenses include 8000 cash so it not take what if it was more than 10000 so shld we take difference and add back ? example if it was 13000 so should we add back 3000 to net profit
latest answer
If it is 13K cash paid to single person in single day then entire 13K is added back as per Section 40A(3).
varun r
CA Inter
★ 0
1
188
illustration 32
Financial Reporting
answered on 08-Feb-24 16:16
in this illustration, 5K which is reimbursed by lessor to lessee, we r considered as lease incentives why r not conisdered in lease payment calculation, bcz reimbursement related to initial direct cost?
latest answer
Net impact will be the same.
Hariharan S
CA Final
★ 5K+
1
170
Nature Timing and Extent of Audit procedures
Auditing
answered on 12-Feb-24 21:11
Here when talking about the timing of test of controls, it is said "Checking a control at a particular time/throughout the audit period". Here the particular time/throughout audit period means is it a time between 1st april and 31 march (that is the period for which audit is being conducted? or throughout the audit period means is it regarding the period during which the actual audit is being conducted, that is after 31 march?
latest answer
Period specific is observation of inventory count conducted by management. Most likey to be carried on 31st march. Controls over purchases and sales can be check anytime during the course of audit. by picking few transactions and checking them in detail.
Arjun Reghunath
CA Final
★ 0
3
442
I'll 2 advance capital budgeting
AFM
answered on 08-Feb-24 09:16
Sir is there any logic behind multiplying 1st year ka inflation in 2nd year inflation . Because inflation is nothing but increase in price . Here my inflation is reducing. And if I'm getting same revenue means ie 6lac for all 4 years then we will see how inflation affects my revenue .
latest answer
What’s your query?
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
4
514
cds portal order cancellation
Others
answered on 08-Feb-24 09:38
i have ordered ca inter books against coupon after converting new scheme but i have entered wrong delivery address and i have cancel option in cds portal but if i cancel the order will i be allowed to reorder the books again against coupon or should i pay full amount
latest answer
thank you sir
Vidyakrishna vidyakrishna
CA Inter
★ 1K+
6
1K+
Doubt regarding overvalued /undervalued
AFM
answered on 07-Feb-24 21:58
through our analysis if we get a share is overvalued that means we should not buy that share? I'm not getting logic between overvaluation and share
latest answer
dont buy costly stuff.. buy something cheap - thats the logic.
Surya Prakash
CA Final
★ 19K+
1
393
CDS PORTAL
Others
answered on 09-Feb-24 19:01
Sir, my cds portal is showing this?
latest answer
Try different browser.
Swathi Krishna
CA Final
★ 8K+
6
380
ill 12
Direct Taxation
answered on 07-Feb-24 21:45
Sir why taken only ₹1400 as children education allowance[ not ₹2400] for salary calculation in RFA . Also why hra is not consider ?
latest answer
It is considered only for the period during which rent free accommodation is received.
DARSANA M S JU
CA Inter
★ 3K+
1
209
AS-13
Accountancy
answered on 17-Feb-24 15:52
Does we have to convert a current investment into non current investment if the current investment is not sold within 12 month?
latest answer
Where investments are reclassified from current to long-term, transfers are made at the lower of cost and fair value at the date of transfer.
Atharv Sankliya
CA Final
★ 3K+
5
339