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Study material, January, 2011 edition

Suresh Prasad

Suresh Prasad (www.aubsp.com) (15630 Points)

01 February 2011  


PAPER – 4 : CORPORATE AND ALLIED LAWS


Volume I

  • CHAPTER 1

  • CHAPTER 2

  • CHAPTER 3

  • CHAPTER 4

  • CHAPTER 5

  • CHAPTER 6

  • CHAPTER 7

  • CHAPTER 8

  • CHAPTER 9

  • CHAPTER 10

  • CHAPTER 11

  • CHAPTER 12

  • CHAPTER 13

  • CHAPTER 14

  • CHAPTER 15

  • CHAPTER 16

  • CHAPTER 17

  • CHAPTER 18

  • CHAPTER 19

  • CHAPTER 20

  • CHAPTER 21

  • CHAPTER 22

Volume II - COMPANY LAW

  • CHAPTER 1

  • CHAPTER 2

  • CHAPTER 3

  • CHAPTER 4

  • CHAPTER 5

  • CHAPTER 6

  • CHAPTER 7

  • CHAPTER 8

  • CHAPTER 9

  • CHAPTER 10

  • CHAPTER 11

  • CHAPTER 12

  • CHAPTER 13

  • CHAPTER 14

  • CHAPTER 15

  • CHAPTER 16

  • CHAPTER 17

  • CHAPTER 18

  • CHAPTER 19

  • CHAPTER 20

  • CHAPTER 21

  • CHAPTER 22

  • CHAPTER 23

  • CHAPTER 24

  • CHAPTER 25

  • CHAPTER 26

  • CHAPTER 27

  • CHAPTER 28

Volume II - ALLIED LAWS

  • CHAPTER 1

  • CHAPTER 2

  • CHAPTER 3

  • CHAPTER 4

  • CHAPTER 5

  • CHAPTER 6

  • CHAPTER 7

Click below link and join me

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 21 Replies

Suresh Prasad

Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 01 February 2011

Click And Download

 

RTP/ Supplementary/Test Papers- Final New Course

 

Suggested Answers - Final New Course

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(Guest)

thanks for sharing  - - - - - -


Suresh Prasad

Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 01 February 2011

Originally posted by : RADHEKRISHNA0001

thanks for sharing  - - - - - -

 

Welcome jee........

Click below link and join me

Be Positive, Be Confident, Keep Smiling And Never Give Up.......


sivaram

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 01 February 2011

Please keep sharing   every day .


sivaram

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 01 February 2011

/forum/help-required-from-ca-final-students-123770.asp

Mr Suresh can u help me for the post I amde in this link please


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sivaram

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 01 February 2011

Mr Suresh Help me in understanding What is meant by stock adjustment is it opening or closing and how it is done

give detailed explanation for this attachment too

 

Though this thread is not relevant to corporate law which u posted please do share answers here itself as it remains unanswered in the forum so far


Attached File : 3 book1.xls downloaded: 392 times
1 Like

Suresh Prasad

Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 01 February 2011

Originally posted by : sivaram

Mr Suresh Help me in understanding What is meant by stock adjustment is it opening or closing and how it is done

give detailed explanation for this attachment too

 
Though this thread is not relevant to corporate law which u posted please do share answers here itself as it remains unanswered in the forum so far

 

tell me from which date co follow th LIFO method and if possible give me the source of the question.....

 

As i understand from the quetion is that from 2002 co opts for the LIFO method for valuation of stock

 

Generally, Valuation of stock under FIFO method results in Higher value of stock in comparision of LIFO, due to the reasion that The FIFO formula assumes that the items of inventory which were purchased or produced first are consumed or sold first, and consequently the items remaining in inventory at the end of the period are those most recently purchased or produced. 

Further as per para 16 of AS 2 The cost of inventories, other than those dealt with in paragraph 14, should be assigned by using the first-in, first-out (FIFO), or weighted average cost formula.

However, in case of the adjustment made in quetion provided by you , the adjustment will be required in the current year i.e. 2002 since the co started LIFO method from that year and not in the year 2004.

Now as per para 23 of AS 5 :Any change in an accounting policy which has a material effect should be disclosed. Theimpact of, and the adjustments resulting from, such change, if material, should be shown in the financial statements of the period in which such change is made, to reflect the effect of such change. Where the effect of such change is not ascertainable, wholly or in part, the fact should be indicated. If a change is made in the accounting policies which has no material effect on the financial statements for the current period but which is reasonably expected to have a material effect in later periods, the fact of such change should be appropriately disclosed in the period in which the change is adopted.

 

AND if you give the quetion in compelete mode then i will try to clarify more (if possible).


Suresh Prasad

Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 01 February 2011

Originally posted by : sivaram

Please keep sharing   every day .

Thanks for the comment jee.......!!!!!!!!!!


sivaram

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 01 February 2011

 

Originally posted by : Suresh_Smiter




Originally posted by : sivaram






Mr Suresh Help me in understanding What is meant by stock adjustment is it opening or closing and how it is done

give detailed explanation for this attachment too

 
Though this thread is not relevant to corporate law which u posted please do share answers here itself as it remains unanswered in the forum so far






 

tell me from which date co follow th LIFO method and if possible give me the source of the question.....


 

As i understand from the quetion is that from 2002 co opts for the LIFO method for valuation of stock

 

Generally, Valuation of stock under FIFO method results in Higher value of stock in comparision of LIFO, due to the reasion that The FIFO formula assumes that the items of inventory which were purchased or produced first are consumed or sold first, and consequently the items remaining in inventory at the end of the period are those most recently purchased or produced. 

Further as per para 16 of AS 2 The cost of inventories, other than those dealt with in paragraph 14, should be assigned by using the first-in, first-out (FIFO), or weighted average cost formula.

However, in case of the adjustment made in quetion provided by you , the adjustment will be required in the current year i.e. 2002 since the co started LIFO method from that year and not in the year 2004.


Now as per para 23 of AS 5 :Any change in an accounting policy which has a material effect should be disclosed. Theimpact of, and the adjustments resulting from, such change, if material, should be shown in the financial statements of the period in which such change is made, to reflect the effect of such change. Where the effect of such change is not ascertainable, wholly or in part, the fact should be indicated. If a change is made in the accounting policies which has no material effect on the financial statements for the current period but which is reasonably expected to have a material effect in later periods, the fact of such change should be appropriately disclosed in the period in which the change is adopted.

 

AND if you give the quetion in compelete mode then i will try to clarify more (if possible).
 

 That Problem is from M.P.Vijaykumar on computation of Future maintenable profit I just wanted explanation how 136,110 and 88 is adjusted for stock value in profits thats the only adjustment i cant understand and thats the reason full problem is not shared



(Guest)

Thanks                       


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sonia

sonia (student) (59 Points)
Replied 01 February 2011

 

hi

 

the attached company and other pdf documents are not opening

 

can u pls forward to my mail id:   sonia.exepro @ hotmail.com

 

please ... i need them

 

thanks

sonia


Viraj

Viraj (CA) (28 Points)
Replied 01 February 2011

thanx for sharing the link..


Suresh Prasad

Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 01 February 2011

Originally posted by : Viraj

thanx for sharing the link..

More Welcome......!!!!!!!!!!!!


Suresh Prasad

Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 01 February 2011

Originally posted by : Mukesh Rawal

Thanks                       

Welcome jee........

Click below link and join me

Be Positive, Be Confident, Keep Smiling And Never Give Up.......

1 Like

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