Forums
Review vs audit
Auditing
answered on 23-May-25 07:22
In this test your understanding 5 Auditor of the company can provide review engagement services
latest answer
Yes. He will be able to provide limited assurance on quarterly financial statements
siddesh N
CA Inter
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1
168
Pls ans
CFA
answered on 22-May-25 11:22
An Expenses is recorded in financial books of accounts but same exp is not allowed by tax department A DTA will be created B DTL C no dta or dtl
latest answer
Then C
Dhakshana Dhakshana
CFA L2
★ 18K+
3
131
Offer can be conditional
Corporate & Other Laws
answered on 27-May-25 11:14
Case If Shyam has made an offer to Raghu for sell his BMW car( of Shyam to raghu) for ₹30 lakh Condition---- Raghu you should give your assent for offer within 3 days of communication of the offer. Can this be a condition
latest answer
Yes, this can be a condition.
Gurukanta Singh
CA Foundation
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1
154
Applicability of Statement of Changes in Equity
Financial Reporting
answered on 22-May-25 07:59
Sir, as per Section 2 (40) of the Companies Act, 2013, financial statements includes a statement of changes in equity, if applicable. Is there any instances where the statement of changes in equity is not applicable?
latest answer
If entity doesn’t follow Ind AS. Like Accounting Standards
Gokul
CA Final
★ 1K+
1
393
Forex Chapter Ill-79
AFM
answered on 22-May-25 07:46
In this Q, $1=₹51.3625/3700 is a direct quote. But for the purpose of quoting this rate to a foreign bank we converted this quote to indirect quote. so will the bid and ask rate interchange? ie; 1/51.3625 becomes ASK Rate 1/51.3700 becomes BID Rate Sir, correct me if i am wrong
latest answer
Got the logic 👍
rashid poonthala
CA Final
★ 31K+
4
152
Illustration 7
Accountancy
answered on 23-May-25 13:15
Bottom Ltd. entered into a sale deed for its immovable property before the end of the year. But registration was done with registrar subsequent to Balance Sheet date. But before finalization, is it possible to recognise the sale and the gain at the Balance Sheet date? Give your view with reasons. Revenue is the inflow of cash from sale of goods/serves/interest/dividend/royalties. Isn't immovable Property fixed asset?
latest answer
Yes - its an item of PPE However to determine whether control is passed or not we use references to AS-9.
V V
CA Inter
★ 3K+
1
148
sale of flat builder
Indirect Taxation
answered on 28-May-25 08:57
sir in schedule II 5(b) and schedul ewe learnt sale of flat after the compeltion certicficate is neither supply of goods or services, so like here we are telling 5% on outward supplies, how this is linked with. I understood the inward part ITC to extent 80%, confusion on outward supplies incase of builders sale of flat ?
latest answer
If flat is sold after OC then there is no GST. If it is before OC then GST will apply at the rate of 5 percent for residential property.
Hemachandra D
CA Final
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1
169
Exemption
Exams
answered on 21-May-25 19:09
Will they give exemption for one subject if remaining papers are just filling the name and come?
latest answer
Yes
Short Video
CA Inter
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1
243
Upfront Premia
AFM
answered on 21-May-25 16:39
What does it mean when you say that the upfront premia is an independent cost? In Illustration 50, we've assumed that the upfront premium is included in the forward rate. Here, we're considering the same as an additional cost over and above the forward rate. I don't get the true essence of what actually is happening here. Could you please help me out?
latest answer
Premia
Ruthvik Reddy Adala
CA Final
★ 5K+
1
154
A/c of co
Corporate & Other Laws
answered on 27-May-25 13:38
point b It's saying if subsidiary is unlisted then subsidiary can skip CFS ? If subsidiary is unlisted then holding co can skip CFS ?
latest answer
It means CFS provision do not apply to unlisted companies.
Sushmita Chowdhury
CA Inter
★ 2K+
5
235