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Future Maintainable Profits

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Student CA Final
116 Points Posted on 15 April 2018
why decline in TRADE INVESTMENTS is not deducted from current years profit in calculating average adjusted profits, for the purpose of calculating future maintainable profits?
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On 15 April 2018 at 19:25 Report
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810 Points Posted on 15 April 2018
What's the purpose of doing future maintainable profits...it is the profit estimated for future...so one cannot estimate/ascertain the up and downs of investments in the future as it is subjected to market conditions....
Hope it clears..
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On 15 April 2018 at 22:57
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teaching
2046 Points Posted on 16 April 2018

futur maintainable profits means certainity in generation of profits. those items only we should consider.

Fluctuation in the value of trade investments is uncertain nature. so speculation profit and losses will not consider for FMP.

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On 16 April 2018 at 14:31
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CA - Final
1367 Points Posted on 16 April 2018
Temporary decline is not considered. If there is permanent decline it should be deducted.
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On 16 April 2018 at 07:15
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teaching
2046 Points Posted on 05 May 2018
spectlation gain or loss should be consider while calculation of future maintainable profits
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On 05 May 2018 at 12:07


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