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Ammendments?

Auditing

answered on 16-Apr-22 09:44

I'm a dec 21 attempt student appearing for may 22.. Are there any ammendments for both Dec 21 and May 22 apart from CARO 2020??

latest answer

Thank you sir

Nikhil Vasanth

Nikhil Vasanth

CA Final

4K+

6

527

Demand for money

Economics

answered on 18-Apr-22 10:25

What is the relationship between Inflation and demand for money ? My doubts are; As price level increases, the demand for money increases. Wkt, as price level increase hence the inflation also increase then it should be direct relationship? Or As inflation increase, money value decrease and opportunity cost of holding money increases hence demand for money decrease ?

latest answer

Thankyou sir !

Madhaan S

Madhaan S

CA Final

14K+

4

429

Depreciation on hire purchase asset

Accountancy

answered on 16-Apr-22 13:42

Pls explain the MCQ attached. What is meant by claim of depreciation? Under repossession there will be a mutually agreed rate at which asset is depreciated. Why the answer is not option c ?

latest answer

The answer is hire purchaser

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

5

578

AS 13

Accountancy

answered on 15-Apr-22 11:47

In AS 13 scope, it is mentioned that this standard is not applicable for Mutual funds. But , In dec exam, there is a question pertaining to mutual funds investment. In suggested answers, they have treated it as investment and proceeded. whether should i consider it as investment or not ? anyone

latest answer

It is not applicable for Mutual Fund accounting i.e when a mutual fund prepares its accounts. But when an entity purchases mutual funds units then itâ??s applicable

vs navin

vs navin

CA Final

1K+

1

542

YouTube live

Indirect Taxation

answered on 16-Apr-22 06:20

sir, when will be the GST live marathon YouTube class part-2 for May 2022

latest answer

ya sir i watched the lecture thank you sir for doing this priceless service

Sowmiya A

Sowmiya A

CA Inter

19K+

4

518

Doubt

Accountancy

answered on 15-Apr-22 17:41

In this question they had taken depreciation in trading a/c instead of profit and loss account. They have given the valid reason for it in suggested answer But if I charge depreciation on profit and loss account I got different answer Will they provide Mark's If depreciation is charged on p&l .. becoz it is odd to charge dep on p&l ..

latest answer

Thank u

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

3

410

Advance accounts

Accountancy

answered on 15-Apr-22 20:37

When we transfer nominal value of buy back shares to CRR out of FR.. is their any sequence of FR to be used..

latest answer

Ok .. thanku

Priyanka Agrawal

Priyanka Agrawal

CA Inter

3K+

3

463

Multiple ulip policies

Direct Taxation

answered on 15-Apr-22 08:35

If an assessee has multiple ulip policies, then the aggregate of the premium is considered for the limit of 250000, Say, if the sum of three ulip policies is 2,40,000 and the next one is 20,000 then will all the policies are not exempt u/s 10(10D), or only the excess policy of 20000 is not exempt

latest answer

If premium exceeds Rs.250000 then such premium is not covered u/s 10(10D) thus the exemption is not available at all to such premium

mani charan

mani charan

CA Final

3K+

2

458

General

Exams

answered on 18-Jul-22 15:03

Sir I am not able to recollect some ans while writing exam how to over come this sir mainly in eis

latest answer

Study by connecting with your favourite memories or events

Pandusml V

Pandusml V

CA Final

4K+

14

534

IND AS 21

Accountancy

answered on 15-Apr-22 09:32

In example 3, Why to reclassify full amount to p&l, even the parent has some insignificant control over subsidiary

latest answer

Once control is lost, it is considered as disposed.

Chandu vadla

Chandu vadla

CA Final

11K+

1

464