Forums
Ind AS-40
Financial Reporting
answered on 04-Dec-23 15:20
Sir, In Illustration -1 For Below Mentioned Screenshot the answer is not there in E-lecture so i want clarify here If it is used for building is used for administartive purpose the measurement will be same but treatment will be done as per Ind-AS-16 isn't it?
latest answer
Answer will not change
Surya Prakash
CA Final
★ 19K+
1
336
Outstanding premium - Audit of Insurance company
Auditing
answered on 11-Dec-23 10:08
In video lecture it is explained how to check outstanding premium. What I am trying to understand is how this account is opened. Example I have taken vehicle insurance and it expires on 13th November. From 14th November I will not issue policy for this vehicle as insurance premium is not received. When insurance policy is not issued no need for me to open outstanding premium account. When insurance policy is issued on the basis of guarantee I can account for premium receivable. Am I correct?
latest answer
yes
swaminathan sundaram
CA Final
★ 110
3
376
General
Exams
answered on 03-Dec-23 17:02
Can anyone please tell me about the answer booklet of CA foundation? Like if I want additional sheet, is there any options to get those extra sheets?
latest answer
Ok That's clear Thank you all
Divinne Fiona
CA Inter
★ 9K+
5
505
Derivatives - Hedging
AFM
answered on 03-Dec-23 11:19
Sir hedging is done to safe gaurd our existing holdings. Let's say I have a position with delivery of 1000 CR and I think market will go down for next 2 months , in order to safeguard I will short the futures then irrespective of market increase or decrease I will get 1000 cr. But rather than this hedging I can exit 1000 cr and invest in risk free rate of 5 % pa , assets for 2m and after 2months invest back in stocks , in this case I have earned extra income. But where as in case of hedging my 1000cr is safeguarded and didn't earned any thing on it. It is better to sell off and invest in risk free and invest back in stocks right ? Please correct me if I am missing some logic. I understand we need to carefully track market when the trend changes to upward and invest the money back in stocks ,here there is risk of missing out potential gains , this is one challenge. But the same challenge is faced in case of hedging also right? Like if I continuously shorting futures my 1000 cr will not grow even if market is increasing , and how do we know when we need to stop hedging.
latest answer
Thanks , I understood now , just finished futures, will start with options.
Enuguru Sai Nithin
CA Final
★ 78K+
3
403
General clause act
Corporate & Other Laws
answered on 03-Dec-23 13:49
As per general clause act,If the due date is public holiday, then next working day is taken. But in foundation I have studied like if it is sudden public holiday,then next working day is taken. If it is a known public holiday like independence day, diwali etc, if due date is such date then preceding day is taken Which is correct???
latest answer
Public holiday or sudden public holiday we consider next working day as per the general clause act.
Krishnan K
CA Inter
★ 5K+
4
398
Dec mtp
Accountancy
answered on 04-Dec-23 16:55
Employees had taken stock worth ` 20,000 (Cost price ` 15,000) on the eve of Deepawali and the same was deducted from their salaries in the subsequent month. Journal entry
latest answer
Yes
Devi sri K
CA Foundation
★ 7K+
17
539
Account current
Accountancy
answered on 03-Dec-23 09:05
Balance in Cooper’s Account (Credit) It is debit balance or credit balance
latest answer
Ok sister 👍 thnks
Devi sri K
CA Foundation
★ 7K+
5
366
Books for may 24
Others
answered on 03-Dec-23 14:45
I have given group 1 of ca inter nov 23 so do I have to order new books for may 24, if yes, what is the process??
latest answer
I'm converted to new scheme as per icai rules wait for 7 working days for confirmation mail. If you receive confirmation mail then u can order books.
Prasoon Tiwari
CA Inter
★ 22K+
6
426
Conversion
Others
answered on 03-Dec-23 16:33
Does anyone know if there has been a confirmation email regarding the approval of the conversion application and the CDS coupon?
latest answer
Hello bayya , you won't receive any confirmation mail after successful conversion ..you can only receive mail only when you placed an order for books .. My conversion and placing an order for books finished in 3 days
MUHAMMED FARIS KK
CA Inter
★ 15
5
520
Reg Ordering books in cds portal
Others
answered on 01-Dec-23 23:55
I've applied for conversion and its approved in ssp portal but still i couldn't avail coupon code in cds portal for ordering new scheme books
latest answer
My conversion and getting coupon to place an order took me exactly 3 days , there's no point in waiting for 7 -10 days for a simple thing to be done
abilash ganapathi
CA Inter
★ 750
5
426