Forums
Insurance claim
Accountancy
answered on 08-Aug-22 20:12
Can any pls explain red marked one thank you
latest answer
Glad to know this
Bhuvan Bhaskar
CMA Inter
★ 2K+
3
517
Brs
Accountancy
answered on 08-Aug-22 19:25
As per the solution given in module...this entry is taken in adjusted cash book.....Why.?
latest answer
Ohh thanks....I didn't notice
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
8
429
Does implicit cost and opportunities cost are same?
Economics
answered on 02-Oct-22 18:20
Does implicit cost and opportunities cost are same?
latest answer
Yes same
Atharv Sankliya
CA Final
★ 3K+
6
777
Listed companies
Corporate & Other Laws
answered on 08-Aug-22 21:28
Can someone explain this para to me
latest answer
Ok got it Thank You So Much ð???
harkirat singh
CA Inter
★ 1K+
5
435
Law
Others
answered on 10-Aug-22 00:51
Is it enough to read the 1 fin material for Corporate law for ca inter for theory (other than case laws and board material questions )
latest answer
Yes I am reading it it very helpful and you can go for past exam paper and all MTP RTP for best preparation Thank you 1FIN
Sai Vema
CA Final
★ 108K+
4
408
Amalgamation of companies
Accountancy
answered on 08-Aug-22 12:38
1.For calculating purchase consideration under net assets method should we take cash or not.. 2. Also in realization account wen sd ee take cash or bank
latest answer
Ans for 1 one Under net asset method, the value of all assets are added and liabilities are deducted from the total of the assets to find out the purchase consideration. And thus in this calculation Fictitious Assets are not added because these are intangible assets.
Shru Kanda
CA Inter
★ 610
1
705
#7 Question for the day (Inter Audit and Assurance)
Auditing
answered on 08-Aug-22 21:30
Write on paper and share photo by 8 pm. Present the answer as you would do in the exam. #LetsPractice Explain whether the following statements are correct or incorrect, with reasons/ explanations/ examples (Answer all) (i) The Auditor is expected to, reduce audit risk to zero and can therefore obtain absolute assurance that the financial statements are free from material misstatement due to fraud or error. (ii) Determining materiality involves the exercise of professional judgement. (iii) The objectives and scope of internal audit functions are restricted to activities relating to evaluation of internal control only. (iv) If the purpose of an audit procedure is to test for understatement in the existence or valuation of accounts payable then testing the recorded accounts payable may be relevant audit procedure. (v) Sufficiency is the measure of the quantity of audit evidence. (vi) Communicating Key Audit Matters is a substitute for the auditor expressing a modified audit opinion when required by the circumstances of a specific audit engagement in accordance with SA 705.
latest answer
Tq
Sudha Reddy
CA Final
★ 20K+
7
1K+
Insurance claims
Accountancy
answered on 08-Aug-22 09:45
In this question why 20000 is reduced from opening stock of 2,20,000 as abnormal goods
latest answer
As the question said the stock of 20,000 are lower of cost and net value subsequently realized is not included in sales earlier, the reason could be they are abnormal stock therefore not realized , so the abnormal stock which is included in opening stock will be deducted .
Subramanyam N
CA Inter
★ 6K+
2
696
House property
Direct Taxation
answered on 08-Aug-22 00:01
Can anyone tell me how 6,000 rs deduct from ifos . Sorry pic is not visible properly but please manage i have only one copy
latest answer
Thank you !!!
Rick Y
CA Final
★ 2K+
2
479
Brs
Accountancy
answered on 08-Aug-22 07:21
Interest allowed by bank.means .......pasz book at starting point...
latest answer
Ok
Priyamvatha Parthasarathy
CA Foundation
★ 5K+
9
604