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Audit Sampling

Auditing

answered on 27-Sep-23 20:38

Audit Sampling Definition - Is it an application of Audit procedure or performing an Audit procedure? Is there any difference between the two?

latest answer

Audit sampling is a technique adopted by the auditor. It is applying audit procedure on less that 100% of the population. Applying and performing means the same.

Rajasekaran Suresh

Rajasekaran Suresh

CA Inter

495

3

516

Doubt in example explained in cost accounting system chapter 7

Costing

answered on 01-Oct-23 15:34

How it calculated under absorbed overhead is 5000 for calculating adjusted cost of sales

latest answer

Ansr is not clear..could u plz detail it.

1 Minute Review

1 Minute Review

CA Inter

405

3

467

Doubt In journal entry of Non integrated costing system , chapter 7

Costing

answered on 27-Sep-23 16:05

Y finished product is transferred to work in process a/c ? Normally we transfer finished good acc balance to cost of goods sold a/c .right?

latest answer

Thank u

1 Minute Review

1 Minute Review

CA Inter

405

2

446

Revision

Others

answered on 27-Sep-23 14:58

How to revise accounts and maths?

latest answer

Practice in writing for n number of times

Jasna Jaleel

Jasna Jaleel

CA Final

170

1

389

Accounts from Incomplete records

Accountancy

answered on 27-Sep-23 15:16

How to find total sales and total purchases as per this que? I am not able to understand the printed solution.

latest answer

Debtors=2 months sales i.e 145000 Total credit sales for the year =145000*12/2 =870000 Out of which cash sales 1/3 on credit sales =870000*1/3=290000 Total sales for the year ending is 25%increase from Last year I e 8700000+2900000=1160000+25%=1450000

Ujwal Reddy

Ujwal Reddy

CA Inter

7K+

1

518

Preparation May 24

Others

answered on 27-Sep-23 14:31

I am preparing for exams referring to ICAI'S LLC which began from 25th Sept, if I am studying consistently will I be able to clear May 24 exams with flying colours. Even before the 25th of September I have learned subjects through self study

latest answer

Okay Sir

Soon to be CA

Soon to be CA

CA Inter

4K+

2

340

Prior Period Expenses

Direct Taxation

answered on 02-Oct-23 00:57

Is Prior Period Expenses Disallowed under Income Tax Act? If so Yes, give reason.

latest answer

As per Income Tax, it is covered under Section 43B and deduction is allowed. It is special case covered under Section 43B.

HEMACHANDHAR M

HEMACHANDHAR M

CA Final

2K+

10

1K+

Confusion regarding May 24 exams.

Exams

answered on 27-Sep-23 08:58

If I give nov 23 group 2 exams and clear it without any exemption.. Do I have to give only law, tax and cost in May 24? Or I have to give Advance Accounts too?

latest answer

Yeh same here In other way i can say that I'm better in theory than practical subs except tax

Alina Raza

Alina Raza

CA Inter

410

5

482

Audit

Corporate & Other Laws

answered on 27-Sep-23 10:32

Why is it said other than Company governed under NFRA rules ? Co Act is also gov under Nfra rules ?

latest answer

Ty

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

2

523

Ssp portal

Others

answered on 27-Sep-23 10:49

Why does the SSP Portal look like this?

latest answer

Okay Sir

Soon to be CA

Soon to be CA

CA Inter

4K+

3

407