Ind AS 33

asked 2 hrs ago

Let me clear, in illustration no. 14 in icai sm it is mentioned that int @ 6% is already been adjusted. That means they deducted 120000 or 27338? If it is 120000(as they mentioned 6%) then why we didn't correct it in 1 million

latest answer

No answers yet!!

Anu T

CA Final

★ 0

0

8

Agriculture income

asked 3 hrs ago

What is the answer if only manufacture?

latest answer

No answers yet!!

sradha krishna sunil

CA Inter

★ 5K+

0

8

Doubt

asked 6 hrs ago

Sir, In the question a point is given like this *Inflation is expected to be 6% per year Why this point is ignored and not taken into consideration

latest answer

No answers yet!!

Narasimha G

CA Inter

★ 2K+

0

7

why we take Market value for calculating weights of each share, instead of face value ?

answered 6 hrs ago

Dear sir, for all the remaining problems you have considered the face value of the shares to compute the weights of each share. but in this question you have considered the Market value to compute weights of the each share. please explain this

latest answer

Where did I use Book Value - which illustration please?

B. Dinesh

CA Final

★ 3K+

1

8

Working capital management

asked 7 hrs ago

On page 9.52 of module 2 , illustration 8, in cash flow statement, 50 lakh is subtracted as cash required for increase in stock. Please explain why it is subtracted , as also adjustment is done in making entry in profit and loss account of 420 lakhs of material consumed in year 3 .

latest answer

No answers yet!!

Anirved Rahatgaonkar

CA Inter

★ 0

0

10

Financial Instruments

asked 7 hrs ago

Hi Sir, In this problem, Please confirm if my understanding is correct If forward contract was entered, then we would incur a loss of Rs 5 per USD If forward contract not entered (as in question), we will have a profit of Rs 5 per USD. But in either case, the value of Sales/ Revenue will be at 55 only. (Agreed Forward Rate / Forward Rate) Please correct me if I am wrong.

latest answer

No answers yet!!

Susee Arunachalam

CA Final

★ 26K+

0

10

Minimum marks

answered 7 hrs ago

I have to give audit and fm-sm for May 24 and cleared group 1 in Nov 23. Can I please know how much marks is required to clear group 2

latest answer

40 each and aggregate 100

Riya Verma

CA Inter

★ 0

1

18

Capital Gains on Compensation of Compulsory Acquisition

asked 10 hrs ago

Dear Sir, Mr.A Land worth Rs. 30 lakh was compulsorily acquired by Govt. He got a part of Compensation Receipt in Year 2022 = Rs. 10 lakh For this Rs. 10 lakh, Can we show Rs. 10 lakh - Indexed Cost = Long term Capital Loss Further, On receipt of Enhanced Compensation on further years, Can we Set off this Long term Capital loss to Enhanced compensation receipt. Please kindly clarify sir.

latest answer

No answers yet!!

Mamidi Vinisha

CA Inter

★ 970

0

11

CA FINAL DIRECT TAXATION

asked 10 hrs ago

Dear Sir, When Direct Tax will be launched on Indigo Learn ? Please kindly clarify sir

latest answer

No answers yet!!

Mamidi Vinisha

CA Inter

★ 970

0

12

Presumptive Taxation & Capital Gains

answered 12 hrs ago

Respected Sir, Mr.A purchased land on Jan 1, 2024 for Rs. 40 lakh Mr.A converted Land into Stock in trade on next day Jan 2,2024. In this case, Can STCG be taken as ZERO as FMV and Cost of Aquisition is same sir ?

latest answer

Most welcome

Mamidi Vinisha

CA Inter

★ 970

3

21