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4 videos
4 teachers
Length 6–19 min
1 practice scenario
Choose a teacherआप इनमें से किसी एक teacher का video चुनें। एक video काफ़ी है।
4 teachers' videos for this topic. You only need one. Nobody at YUNOVA has watched them yet; they were found by title, channel and length.
CA P S Beniwal
CAPITAL MAINTENANCE! Concepts + Questions!
6 min video
Suggested first
Not reviewed yet
CA Pratik Jagati
Financial Capital Maintenance and Physical CApital MAintenance - Pure Exam Oriented
7 min video
Not reviewed yet
SUDARSHAN AGRAWAL
CA INTER ADVANCED ACCOUNTING REVISION CLASS-11(Capital Maintenance)
17 min video
Not reviewed yet
CA. Brijesh Singh
Capital Maintenance ( CA Inter Accounting Standard)
19 min video
Not reviewed yet
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Practice: Chapter 2इस chapter की practice: एक समय में एक case scenario।
Draft case scenarios for this chapter, one at a time. An AI reviewer checked them; a teacher has not yet. Your score is for this session only.
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Scenario 1 of 1 · Chapter 2: Framework for Preparation and Presentation of Financial Statements
Case Scenario on Conceptual Framework for Financial Statements
Vidyut Manufacturing Ltd. (VML) operates an industrial plant. On 1st April 2024, VML purchased a specialized heavy machine for ₹50,00,000. To bring the machine to its operational site, VML incurred ₹2,00,000 as transportation costs and ₹3,00,000 as installation fees. During April 2024, prior to commercial production, VML spent ₹1,00,000 on initial operating losses while testing the machine. The net realizable value of the machine as on 31st March 2025 is estimated at ₹48,00,000, while its present value of estimated future cash flows (value in use) is ₹52,00,000, and its current replacement cost is ₹58,00,000.
On 1st October 2024, VML received a customer advance of ₹10,00,000 for goods to be manufactured and delivered in June 2025. By 31st March 2025, raw materials worth ₹4,00,000 had been purchased for this order, but no production had commenced.
As on 1st April 2024, VML's opening equity was ₹1,00,00,000 represented by net physical assets of 1,00,000 units. By 31st March 2025, the price index for these physical assets increased by 10%. VML earned a profit before considering physical capital maintenance of ₹15,00,000 during FY 2024-25.
1 / 4
Under the Framework for Preparation and Presentation of Financial Statements, at what initial historical cost should the heavy machine be recognized in the financial statements as of 1st April 2024?
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2 / 4
What is the present value (value in use) measurement basis amount for the heavy machine as of 31st March 2025?
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3 / 4
How should the customer advance of ₹10,00,000 received on 1st October 2024 be reported in the financial statements of VML as of 31st March 2025?
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4 / 4
Under the Physical Capital Maintenance concept, what is the net profit of VML for FY 2024-25 after maintaining physical capital capacity?
