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Auditing
answered on 23-Sep-22 20:48
Examine whether correct or incorrect with short reason. If the auditor is unable to obtain sufficient appropriate audit evidence regarding the opening balances, the auditor shall include an Emphasis of Matter paragraph in the auditorâ??s report.
latest answer
Oh okay, thank you.
Abishek Narain
CA Inter
★ 10
2
565
Sec 135
Corporate & Other Laws
answered on 23-Sep-22 23:22
Mam we should treat the surplus in any one of the following by end of FY within 6months. But for preparation of FS it will take sometime right... How the period of 6months is justified. It is likely to be less than 6months right?
latest answer
Basically they said within end of 6months, but since CSR committee is having limited functions they carry on this activity along with accountant and then decide to treat the surplus in any one of the following. In case CSR committee not available then BOD themselves involve with accountant and does this decision hand by hand within end of 6months.
Sugam SM
CA Final
★ 9K+
2
667
Valuation under customs act
Indirect Taxation
answered on 26-Sep-22 18:40
Rule-3 - Determination of the Method of Valuation for Imported goods Sub-rule - 3 Clause - C Can you extend this with any one example sir
latest answer
As per Rule 3, we do not consider any other alternate valuation we consider only the transaction value subject to adjustments made under Rule 10. However, if Rule 3 value is rejected then the alternate rules come into play.
Gandlapati Hari Reddi
Qualified CA
★ 17K+
1
794
Audit of Banks
Auditing
answered on 24-Sep-22 10:58
Can someone explain stress testing in simple words.
latest answer
Stress testing is a computer-simulated technique to analyze how banks perform in drastic economic scenarios. Stress testing helps assess investment risk and the adequacy of assets, as well as to help evaluate internal processes and controls.
Swetha S
CA Inter
★ 15K+
3
554
Customs act - Valuation under Customs Act
Indirect Taxation
answered on 28-Sep-22 14:52
Sir, in this they're related parties na since exporter holds more than 5% of the share capital
latest answer
5% point will apply only when one company holds in both the entities.
Gandlapati Hari Reddi
Qualified CA
★ 17K+
1
672
Customs Tarrif Act
Indirect Taxation
answered on 26-Sep-22 18:41
Sir, any logic behind sec. 9B of CTA like why can't Central Government Levy both Counter Vailing Duty and Anti-Dumping Duty. Because there may be Subsidy given by exporting country and also exporter would have reduced the prices to dump in the exporting country?
latest answer
Generally, these are additional customs duty which are levied. So both of them are not levied together. Thats the only reason.
Gandlapati Hari Reddi
Qualified CA
★ 17K+
1
492
Clarification
Others
answered on 24-Sep-22 05:13
If I am leaving this chapters will it affect passing the exams: Marginal Costing & Budgetary Costing Consolidated FSâ??s Branch Account Automated Business Process
latest answer
Okay broâ?¦..will give my best
Swetha S
CA Inter
★ 15K+
7
514
Consolidated financial statements practical ques 4
Accountancy
answered on 23-Sep-22 22:46
.here it is assumed that there is no changes in the general reserve during yr... Alternatively , Can we assume that, this general reserve is arrived during the yr...accordingly can we divide the reserve given in b/w pre &post acquisition That is ( 1lac Ã? 6/12 ) = 50000 each for pre & post acquisition
latest answer
Yes
Sri Yoga Vishwa. P
CA Final
★ 2K+
2
459
General
Strategic Management
answered on 26-Sep-22 16:18
What is the difference between goals and objectives? What is the difference between company , organization and entity
latest answer
Goals and Objectives are used interchangeably. Objective is more like a purpose. Goal is the destination. Company is registered under companies Act. Organisation refers to a group of people. Entity is a generic term which covers various forms of business/organisation.
Krishnan K
CA Inter
★ 5K+
2
576
Legal expenses
Corporate & Other Laws
answered on 26-Sep-22 16:18
Mam suppose for setting up of old age homes there is land litigation and company succeeded in acquiring such land. What about legal expenses incurred? How will this be treated?
latest answer
It would be capitalized.
Sugam SM
CA Final
★ 9K+
5
504