CA Final fscasestudies — practice questions
15 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final fscasestudies in the app →Under Ind AS 23, borrowing costs DIRECTLY attributable to the acquisition / construction / production of a QUAUnder Ind AS 16, the cost of an item of property, plant and equipment INCLUDES:Under Ind AS 105, a non-current asset is classified as HELD FOR SALE only when ALL of the following are met EXMumbai Challengers Ltd. has playing-registration intangibles. Some registrations are about to be sold (transfeNeelanchal Gas and Seemanchal Refineries jointly own an underground storage facility (Neelanchal 60%, SeemanchSun Ltd. is sued by a customer for ₹10 lakh in damages on 1 Jan 20X2 (alleged faulty product supplied 30 Sept Mercury Ltd. received a ₹10 lakh government grant on 1 April 20X1, conditional on continuing eucalyptus plantaMercury Ltd. sells goods to Mars Ltd. for ₹10 lakh, receivable in 3 installments of ₹3,33,333 over 2 years (1 Master Creator Pvt. Ltd. issued an 8% CONVERTIBLE LOAN of ₹64 lakh on 1 April 20X1, redeemable at par on 31 MaMaster Creator's PPE balance ₹85.37 lakh includes ₹15.48 lakh of LAND held FOR CAPITAL APPRECIATION (not used Master Creator declared a ₹50,000 DIVIDEND after the reporting period for year ended 31 March 20X2. The board Venus Ltd. owns 3 properties bought 1 April 20X1. Properties 1 and 2 (factories) are used by Venus; Property 3Mumbai Challengers Ltd. measures its STADIUMS under the REVALUATION MODEL. An airline offers ₹700 cr for PROPENeelanchal has a 10-year gas-purchase contract with Uttaranchal, advance paid for all 10 years at forecasted pUnder Ind AS 36, the IMPAIRMENT review for player registrations of a sports club is challenging because: