[akhila.vijay93]

got it sir, Thank you

[akhila.vijay93]

Thanks a lot Sir, really appreciate this.

[akhila.vijay93]

will the same apply for accounting standards too?
I mean if in a question we have to describe the correct treatment, we just have to mention the application ?

[akhila.vijay93]

Thank you Sir, really appreciate your response.

[akhila.vijay93]

Thank-you sir.

[akhila.vijay93]

Hi Sir, in the same question, how did we find the right of use of the asset as proportion of assets previous carrying amount that relates to the rights retained? can you please explain the logic?

[akhila.vijay93]

Got it Sir, Thanks

[akhila.vijay93]

Sir, in the above mentioned question a(iii) the staff relocation cost $.05 M which is wrongly capitalised.
Are we supposed to correct the wrong entry?
Because I think the correct entry had to be
Dr P/L
Cr Relocation expense

But the entry given in the solution I s
Dr P/L
Cr PPE

Is this because we are correcting the wrong entry of capitalising the expense?

[akhila.vijay93]

Okay.Thank You Sir.

[akhila.vijay93]

Hi I’m so sorry for the late reply. Please drop in your email id and we’ll start studying.

[akhila.vijay93]

I’m writing from India

[akhila.vijay93]

Thankyou so much Sir.

[akhila.vijay93]

Extremely sorry Sir.
The question I’m referring to is from CBE March 2020 .

[akhila.vijay93]

It is mentioned in the question it takes one year time for approval and manufacturing and sales will commence only after that one year. so is it wrong to assume the initial one year needed for the approval as year 0?

[akhila.vijay93]

)Sir, in this question part (c), can we use gearing ratio = debt / equity rather that the suggested answer in which gearing ratio is calculated as debt/(debt + equity)?

[akhila.vijay93]

Got it.
Thankyou Sir 🙂

[akhila.vijay93]

Dear John, I read the question wrong.
Extremly Sorry.

[akhila.vijay93]

Thankyou John

[akhila.vijay93]

Thankyou Sir

[akhila.vijay93]

Thankyou John 🙂

[akhila.vijay93]

Thankyou John

[akhila.vijay93]

Thankyou Sir
I’ve something really silly to ask as well.
When do we use Gearing %= Non current Liabilities / Equity?

[akhila.vijay93]

Yes, I was checking the answer in the Revision Kit.
I was confused with the dividend valuation model steps.
Thankyou John.

[akhila.vijay93]

Thankyou Sir. I really appreciate your time and effort 🙂

[akhila.vijay93]

Got it.Thankyou Sir.

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