AS 13 Accounting for Investments

answered on 30-Apr-22 10:32

Investment reclassified, Current to long term: Investment valued at Carrying amount (i.e lower of cost or carrying amount) In this case difference between cost and carrying amount should be charged to P&L A/c or not...? i.e Cost is Rs. 18 lakhs ; Carrying amount is Rs. 12 lakhs. Investment valued at Rs. 12 lakhs, the difference of Rs. 6 lakhs want to charged to P&L A/c or not...?

latest answer

It will be charged to P&L

Ravikumar Pandi

CA Inter

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How to stick on to icai language

answered on 29-Apr-22 21:44

I cleared the concepts...but while preparing for exams ... Not able to connect with icai language... Any tips or suggestions...

latest answer

1st should read IndigoLearn notes (Corporate Law and Auditing) after finished that then read examples in ICAI study material.

Madhu Reddy

CA Inter

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211

Presentation of answer

answered on 29-Apr-22 19:57

In case of ans involving many columns, can be turn the answer page n write like this?

latest answer

Yes ...but write it clearly

Kirupa K

CA Final

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168

Functional strategy

answered on 07-May-22 10:47

What is the meaning of cross-functional approach?

latest answer

Getting people specialising in different functions and working together.

Sumita Shah

CA Inter

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225

Cost of capital

answered on 29-Apr-22 18:05

Video number 5.illustration 3 In previous video it was explained that for redeemable debentures the first preference of NP = book value means issue price as it is also provided in question y market value is taken as net proceeds.

latest answer

Ok thanks

poco m2 pro

CA Inter

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190

Admit card for may 22

answered on 29-Apr-22 19:59

Does the CA exam admit card may 2022 released or not???

latest answer

Ok thank you

MPR Sanjay Kumar

CA Inter

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200

CONCEPT OF MONEY SUPPLY- Calculating M2

answered on 30-Apr-22 10:58

In Institute material, page no 3.47 Illustration 4 calculating M2.. I have a doubt why it doesn't take other deposits with the RBI and why it took deposit money with the public instead of DD with banks and One more doubt is while calculating M1 why they are deducting Cash on hand with banks when formula did not have any note of it.. Please clarify my doubt .. best wishes...

latest answer

Thank you

Manoj Raj

CA Final

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205

Section 10 of partnership act

answered on 29-Apr-22 12:42

What it's means a partner cannot contract out of his liability for fraud

latest answer

"partner cannot contract out of his liability for fraud" means the partner cannot say he will not fulfill the liability which arose due to the fraud, he / she has to make good such liability / loss to the firm

SHARMA MUKESH

CA Inter

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172

Inherent risk

answered on 29-Apr-22 13:11

" Auditor may assess the inherent risk of two different assertions as lower while recognising that one assertion has less inherent risk than the other, although both have been assessed as lower " - What does it mean ? Why auditor do this ?

latest answer

Thankyou mam !

Madhaan S

CA Final

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194

CSR

answered on 29-Apr-22 13:05

Whether CSR activities that benefit only the family members of employees are considered as CSR activities? Because it is mentioned that activities benefitting employees are not to be considered as CSR activity.

latest answer

No

Nivedha Balaji

CA Inter

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141