Whether IFRS is applicable for CA-Final November 2015 Exam??
Please reply as soon as possible!!

Hi Experts, Need 1 clarification, i am asking query with help of an example so plz help me getting the right answer. A mobile company is selling a mobile at 60000 and suppose the cost of mobile is 45000 and cost of charger and lead is 1000. Whether COGS will be 45000 or 46000 ? as per me it Should be 46000. if possible plz share some details with answers. want to know the concept of sale of multiple items, if any one is doing it practically,then plz share ur experience. regards Sumit

Dear expert,
as per shareholders fund approach , capital employed means Total assets minus non trading assets minus miscellaneous expenditure and losses minus all outside liabilities.
IT has 2 shortcomings: which i m not able to understand
1. it ignores other long term funds in the business.
2. on the other hand , it considers preference share capital which bears fixed rate of dividend.
QUERY : PLEASE EXPLAIN SHORTCOMINGS OF THIS APPROACH..

Suppose X (UP) purchases goods from Y (Maharashtra) through Z (UP) via E-1 sale. Z charges in Bill Rs.100 from Y & Y, in turn, supplies the goods to X at Rs.150 (adding his margin).
My question is:
Rs. 100 is purchase of UP i.e same state.
Remaining amount of Rs. 50 is purchase from Y (Maharashtra) i.e. different state.
So, what will be the accounting entry for purchase of Rs. 150 ? Plz help.

Please guide me on accounting treatment for mobile phones purchase by company for its employee ?
Whether mobile phones purchased by employee 25000 and company re-imbursed only 15000/- what will be the accounting impact?
Is there is any limit for the same ?

a mobile recharge shopkeeper received value amounting Rs 50000 from Reliance to recharge customer's mobile no. & he treated the above mentioned value as his purchase. if some amount is still left at the year end, can we treat that amount as closing stock.

Here is a query :
"Mr A" opens a Savings Bank Account in a certain Bank. He signs as "Mr B". Will it be a valid signature ?
Does a Bank Manager have authority to ask Mr A to sign as "Mr B" only as he is Mr A and not Mr B ? Isn't it infringement over the right of a customer ?

its a practical question
FA opening value is 90625.26
addition on 14/08/2013 is RS.20000
and a claim received on 19/03/2014 Rs.200400

how to show these transactions in statements& its income tax application??

I completed m.sc computer science in 2008 and worked as software engineer for 2 years. Now I m house wife and I would like to restart my career in CA. so I would like to know basics and where to start plz guide me..

A person retired from bsnl job in 2011 and now he came to know dat his wife was affected by CANCER. And under going treatment . He is paying amount from his own hand , is der any deduction available in special for him, or any best wat to suggest