calculation of income from house property.

asked 1 hr ago

In illustration 3, The property is purchased on May 1st. So when calculating rent received, the actual amount received on let-out property is for 11 months, no? and the property has been vacant for 1 month. So will the actual rent received be for 11 months or 10 months? In the solution it is calculated for 10 months.

latest answer

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SHAMIL SHAMSUDDHEEN

CA Inter

★ 0

0

1

Amalgamation

asked 12 hrs ago

How the goodwill of the vendor company should be incorporated in the books of the purchasing company in both the cases in the assets and liabilities taken over journal entry

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Samuel Sundar

CA Inter

★ 2K+

0

10

Puttable Instrument - Fix to fix test

asked 21 hrs ago

I understand that generally Puttable instrument is a FL. But If it fulfils 6 conditions then it becomes Equity. Where as Fix to Fix test is applicable for other type of instruments.can you please make me understand this attached part where you are explaining the fix to fix test of Puttable instrument.

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Chandan Subudhi

CA Final

★ 12K+

0

20

CA INTER VALIDITY 10 YEARS

answered 1 day ago

Sir, 10 years time limit to complete CA inter is for old course students also or only for students registered from 2023?for suppose if some registered in CA course in 2011 they should be dropped from course and becomes ineligible?

latest answer

No....It's from new registration only

Sandeep Gokarakonda

CA Inter

★ 25

1

45

Basic concepts

asked 1 day ago

Can anyone solve and share the second problem please?

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Divinne Fiona

CA Inter

★ 9K+

0

27

REDEMPTION OF DEBENTURES

answered 1 day ago

WHEN ISSUING DEBENTURES AT PAR AND REDEEMING AT PREMIUM THE ENTRY WILL BE DEBENTURE APPLICATION A/C DR 1000 LOSS ON DEBENTURE AC DR 100 TO DEBENTURE A/C 1000 TO PROVISION FOR 100 PREMIUM ON REDEMPTION OF DEBENTURE A/C FROM WHERE DID THE ADDITIONAL AMOUT OF 100 CAME BECUASE AT ISSUE WE ARE ASKING FOR 1000 ONLY????

latest answer

Itw Simple.. Example : I need a money of 1000 right now.. And u gave me.. right away i said i will repay this amount after 2 years... Now think for yourself... Now while I am repaying i will give you 1000rs only... Will you accept it... The answer is no..... you will ask for extra money which is over and above the. 1000 Rs..... . The same way When a company wants money , They will issue an debenture at par.. let's say 1000 Rs.. And while repaying They will give back extra amount which is called as an premium on redemption of debtenutes....... I hope u got it. 😇

Prathmesh Sanjyot Kharul

CA Foundation

★ 5K+

1

35

Fixed Lease Payment at 15:10 of this video should be 1,90,000 instead of 1,95,000?

asked 1 day ago

Sir, in this video, at 15:10, when we are working out the Present Value of the lease payments after Modification at IRR = 5.43%, aren't the Fixed lease payments ₹1,90,000 instead of ₹1,95,000. In this video, though you are changing the Present value Factor, but you have not changed the amount of the Fixed Lease Payment to 1,90,000 from 1,95,000. Shouldn't it be ₹1,90,000? The answer will not change since the % of PV of Lease payments to the Fair Value of the Asset will only come down as a result of the Calculation with 1,90,000 in place of 1,95,000.

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Antara MuraliKrishnan

CA Final

★ 3K+

0

13

Consolidated profit and loss account

answered 17 hrs ago

In solution of these question, why is "production expenses" shown under "cost of raw materials consumed"?

latest answer

Thank you

Safa Saleem

CA Inter

★ 4K+

2

33

same video repeating

asked 1 day ago

same video repeating in Framework for choosing Accounting Policies and Funtamental accounting suuptions

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No answers yet!!

Sandesh

CA Inter

★ 0

0

28

Exams

answered 3 hrs ago

Hello sir, can a student who appeared in the may 24 inter examinations shall appear in the sep 24 examination sir?...if yes, what is the last date for the examination fees sir?..

latest answer

The dates for the examination fees is not given yet. We will update once the ICAI gives official notification regarding it.

shanthini hariharan

CA Inter

★ 6K+

2

39