Forums
Rotation of Auditor & Ordinary resolution to withhold auditor after expiry (NO COOLING)
Auditing
answered on 20-Jan-23 23:54
In case of an Audit firm to which rotation applies,After completion of 2 terms of 5yrs continuous (i.e 10yrs).Can it be re-appointed again for one more term without cooling period ,IF MEMBERS AT END OF 10TH AGM GIVE ORDINARY RESOLUTION WISHING TO APPOINT SAME AUDITING FIRM for one more term Can this be possible or audit firm must mandatorily go for cooling period ?
latest answer
No, the firm can be appointed only after cooling period of 5 years.
Ashwin Kumar
CA Inter
★ 735
3
609
Sale of Goods Act
Others
answered on 25-Dec-22 11:09
A contract for the sale of goods where property would pass to the buyer on payment of total price would be? Explanation pls
latest answer
After payment of the price only the ownership of property passes i.e., the title passes from seller to buyer, even if possession is transferred earlier.
Harini shree
CA Inter
★ 8K+
3
550
Registration
Indirect Taxation
answered on 24-Dec-22 17:47
A person has multiple businesses in Hyderabad; in Hyderabad, he registered in a normal scheme, and in Kamareddy he wants a composition scheme. Can he opt for a composition scheme in Kamareddy?
latest answer
No he cannot. All registered persons under same PAN should either be under normal or under composition.
Udaya Kumar
CMA Inter
★ 920
1
539
Registration
Indirect Taxation
answered on 24-Dec-22 23:19
A person has multiple places of business; in one state he registered in normal scheme and in another state he wants a composition scheme. Can he opt for a composition scheme in another state?
latest answer
No..it should be uniform in all states under PAN India basis
Udaya Kumar
CMA Inter
★ 920
1
369
Statistics
Maths & Stats
answered on 25-Dec-22 00:07
Is secondary collection of data and Indirect interview method are similar. If not explain differences between them
latest answer
If you are not understand please let me now??
Rohan Kumar
CA Foundation
★ 5
2
504
Redemption of preference shares
Accountancy
answered on 25-Dec-22 18:16
the following or extract from the balance sheet of ABC Ltd as on 31/12/20x1 Share capital 50,000 equity share capital of Rs.10, each fully paid up Rs.5,00,000 2000 10% redeemable preference shares of Rs.100 each fully paid up Rs.2,00,000 Reserves and surplus capital reserve Rs.2 lakhs general reserve Rs.2 lakhs profit and loss account Rs.75,000 On 1/01/20X2 the board of directors decided to redeem the preference shares at premium of 5% by utilisation of reserves You are required to prepare necessary journal entries, including cash transaction in the books of the Company Answer please
latest answer
Sorry.. I got it.. Thank you for helping us out sir!!..
Siva subramaniam M
CA Inter
★ 105
6
745
CA FINAL NOV 2023
Exams
answered on 14-Jan-23 23:46
Hello Sir, I have my ca final attempt in Nov 2023 What do you think,should we start costing and law or wait for the institute to issue an official notification? It's kinda getting stressful ...how will we manage all the subjects in last minute ?
latest answer
Hi Sir, I am done with SFM and FR..Doing DT and IDT as of now. Thankyou
Pooja Mehta
CA Final
★ 9K+
3
588
How to get 90+
Accountancy
answered on 28-Dec-22 20:30
Can anyone guide me how to get 90+ in both the accounts . I'm doing all the ISM, mtps, rtps, pyp of last three years only upto 2020 I'm giving my exams in may23 is it ok to score 90+ ?
latest answer
Ok
I DON'T KNOW!!! !!
CA Inter
★ 1K+
4
488
Doubt
Economics
answered on 24-Dec-22 11:45
Is net utility and marginal utility is same?
latest answer
Total utility cannot be negative marginal utility can be positive, zero as well as negative
Anshu Singh
CA Foundation
★ 0
5
579
My doubts
Economics
answered on 28-Dec-22 21:45
When we measure marginal utility in terms of money the demand curve will be negative or positive ?
latest answer
The demand curve will still be negative, because people are generally willing to pay less and less money when the purchase more quantities. This means that again there is a negative relationship.
Anshu Singh
CA Foundation
★ 0
4
517