Forums
Section 129
Corporate & Other Laws
answered on 17-Mar-23 14:00
unlisted company mandatory to prepare consolidated financial statements.?
latest answer
Any company that has subsidiary, associate co. or joint venture, shall prepare CFS. Exception: 1. If not required by Accounting standards (then compliance of Sch III is enough) 2. If all of the following 3 conditions satisfied: a. Co. is a subsidiary of another company & all shareholders agree to not prepare CFS b. the company is an unlisted company c. its ultimate or intermediary holding company files CFS.
Madhu Reddy
CA Inter
★ 4K+
2
471
Who is office in default
Corporate & Other Laws
answered on 13-Mar-23 22:44
Who is officer in defaults
latest answer
Section 2(60) of the Companies Act defines ‘Officer who is in default’ and it mentions officers such as whole-time director, KMP, directors, etc. who shall be liable to any penalty or punishment in case of default committed by the company under the Companies Act, 2013. In short, (i) whole-time director and other directors (ii) key managerial personnel;
Siva subramaniam M
CA Inter
★ 105
1
510
Unknown credit in bank
Accountancy
answered on 13-Mar-23 19:49
How company account for any unknown or untraceable cash deposit for there is no information available does it record it as a suspense account or not record in books but record in BRS
latest answer
Yes.
Anjali S
CA Inter
★ 0
6
400
CFS
Accountancy
answered on 14-Mar-23 09:10
Why provision for doubtful debt is added with general reserve in this sum.
latest answer
Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
2
397
CFS
Accountancy
answered on 14-Mar-23 09:10
Why adjustment for opening inventory will not have any impact in p and l.
latest answer
Thank you sir
Umayal Lakshmanan
CA Final
★ 6K+
2
402
Ind as applicability
Accountancy
answered on 13-Mar-23 18:33
Can a newly incorporated company in FY22-23 having net worth less than 50 crore comply/follow ind as on voluntary basis?
latest answer
Yes
Atharv Sankliya
CA Final
★ 3K+
1
379
Is it mandatory to follow AS by non corporate entity
Accountancy
answered on 13-Mar-23 17:44
Is it mandatory to follow AS by non corporate entity ?
latest answer
If the books are being audited by a CA Full applicability discussed in this video. https://youtu.be/SBz6fh6rFJI
Atharv Sankliya
CA Final
★ 3K+
1
506
Both groups
Exams
answered on 13-Mar-23 18:34
If I filled exam form for both groups and give exams for only one group Does it count that I gained group 2? Passing one group at a time still counts passing in first attempt right?
latest answer
It would be two attempts.
Harshitha Kalidindi
CA Final
★ 51K+
2
526
audit report
Auditing
answered on 15-Mar-23 13:16
is there a separate audit format for the company under liquidation?
latest answer
Rule 96 of Comapnies (winding up) Rules 2020 states "Audit certificate is to be filed"
GOKULA LAKSHMI
CA Final
★ 21K+
1
433
Investment Accounts
Accountancy
answered on 14-Mar-23 10:31
Sir please explain treatment of dividend in short In some questions we taking dividend for opening balance,share purchased or in some questions only for opening bal Like wise we adjusting some dividend in cost
latest answer
Ok sir
Fathima Hamtha Hussaina
CA Final
★ 12K+
2
454