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GOODWILL OF PARTNERSHIP ACCOUNTS

Accountancy

answered 2 days ago

Can we write goodwill table form as working notes in the exam ( like explained in the lecture ) instead of profit sacrificing ratio will we get marks for it ? or should I just write the same way given in module

latest answer

Yes

Vijaya Lakshmi Pojula

CA Foundation

★ 2K+

Degeneration

Financial Reporting

answered 2 days ago

Sir, Why Degeneration is covered in AS 41 Biological transformation.

latest answer

degeneration/death is also a biological process. For some specific biological assets, after death, some value may be derived - for e.g leather.

Vanacharla Sai Pavan Kumar

CA Final

★ 8K+

Calculation error

AFM

answered on 04-May-24 20:51

The cap and floor amounts have been mentioned interchanged columns and also the final total is coming at 1663698. Also, the ICAI soln in the enclosed pdf for the same sum have taken interest costs without considering 0.5% for dates 30-6-15 and 31-12-15. Please confirm if the same is an error or not?

latest answer

Thanks for highlighting printing errors, corrected them. Also will change total as highlighted Coming to ICAI solution, please note They have forgotten to add spread in their computations for 4th and 5th installments. They added 0.5% int in payments 1to3 & 6

Priyanka Udeshi

CA Final

★ 14K+

Mtp

Exams

answered 2 days ago

Where to find mtp question and answers pdf of may2024

latest answer

Sorry for that. We will get it uploaded.

Pooja .

CA Inter

★ 210

Exponent

AFM

answered on 04-May-24 19:46

`In calculating EMA for 12 days why a=2/(31+1) and why not 2/(12+1)?

latest answer

Because they said use 31 day EMA

shamanth rm

CA Final

★ 2K+

MCQ

Others

answered on 04-May-24 16:02

Are MCQ tests provided for free of cost?

latest answer

As of now yes. After exams we shall start charging for students who have not purchased any full subject from us

R Sriram

CA Inter

★ 2K+

LLP

Corporate & Other Laws

answered on 04-May-24 19:57

Can HUF be partner of LLP? Kindly Clarify

latest answer

Any BODY CORPORATE or INDIVIDUAL may be a partner of LLP, such body corporate shall * Be a LLP reg under this act * LLP outside India * A co. Incorporated outside India

Swetha S

CA Inter

★ 4K+

House property

Direct Taxation

answered on 06-May-24 12:05

I need clarification in calculation of 1.Gross annual value 2.Municipal tax A or B which is correct???

latest answer

Right

Gautham Surya

CA Inter

★ 9K+

relation between eps and value of firm

Financial Management

answered on 04-May-24 13:29

sir, i dont get it, why cant we just calculate the minimum cost of capital for the given alternatives,the option having the minimum cost of capital should maximise the firms value, right?why do we have to go for that option that maximizes eps?how can we say that maximising the eps of a firm will eventually lead to maximisation of value??

latest answer

Having the least cost is one of the factors, but not only factor to result in the highest value. Also, as per few theories irrespective of capital structure, the overall cost & the value of the firm would remain constant. Hence trying to find the optimal capital structure from the benefit pov is another approach, where EPS is the ultimate benefit left out after addressing all the finance costs. Hence it is considered as a wealth indicator. Also for the firms which are traded in the market, EPS multiplied with PE ratio gives value of MPS which is also a wealth indicator.