Forums
Assertions
Auditing
answered on 07-Jun-21 08:57
What does it actually mean? Why are the terms such as account balances and classes of transactions used instead of Balance sheet items and Profit & Loss items?
latest answer
Assertion means a characteristic that need to be tested to ensure financial records and disclosures are correct. Transactions includes sales, purchases etc. Account balances includes assets and liabilities etc.
Elvis Martis
CA Inter
★ 0
1
547
Why are standards on auditing called Pronouncements? What is the legal meaning of Pronouncement?
Auditing
answered on 07-Jun-21 00:25
What is the legal meaning of Pronouncement?
latest answer
It's the pronouncement which consists of auditing / accounting standards And pronouncement is something like official announcement
Elvis Martis
CA Inter
★ 0
1
708
Principal and Agent
Indirect Taxation
answered on 08-Jun-21 08:18
If principal is taxable person then agent has to take compulsory registration What if principal is non taxable person? Is agent still required to take registration?
latest answer
Ideally, agent has to register when principal is registered i.e. principal is taxable person and supply is taxable. IF its not taxable supply or if principal is not taxable person then agent need not register under this provision....... But Taxable person is defined under Section 2(107) - It means any person registered or liable to be registered............ so if principal is liable to be registered but has not registered, that doesnt mean agent will not register....... If Principal is liable to register (whether actually registered or not) then Agent has to register
KIRAN C
CA Inter
★ 4K+
5
597
Income from PGBP
Direct Taxation
answered on 06-Jun-21 22:50
Plz explain me the meaning of last 3 line
latest answer
Ok thank u
Riya Goel
CA Inter
★ 4K+
6
654
Nrtp
Indirect Taxation
answered on 07-Jun-21 00:29
Sir, if a nrtp came to india for supplying non-taxable(ie exempt supplies) goods or services or both Is he still liable to take registration?
latest answer
Obviously brother ... actually he has to register GST form and filed atleast 5days before starting the business
KIRAN C
CA Inter
★ 4K+
1
669
Doubt
Costing
answered on 07-Jun-21 10:29
How to find actual quantity and actual price
latest answer
Please solve what ever you understand and share the solution and we shall correct you if required.
Chandramouli A
CA Inter
★ 720
1
545
Cost of Capital
Financial Management
answered on 07-Jun-21 11:10
Sir, I cant understand, how will the cost of RE remains to be 16% which was cost of equity when market value is 40 and when we compute the cost of additional capital, the market value has fallen to 32rs post raising of additional cap, it means that the market value of 32 includes the cost of both equity and Retqined earnings right? Then how can take MP of 40 for retained earnings and MP of 32 for Equity alone?
latest answer
Can you please be more clear regarding your query
Venkatesh Rathinam
CA Final
★ 15K+
1
509
Managing Director
Corporate & Other Laws
answered on 06-Jun-21 22:31
If any problem, is the same person is appointed as managing director for one or more companies?
latest answer
Thanks Sir.
Balamurali Unnithan M S
CA Inter
★ 3K+
4
851
Integral calculus
Maths & Stats
answered on 06-Jun-21 14:19
In this question attached, in 4th step integration of 1/x .x^4/4 will be equal to integration of x^3/4 which is x^4 should come but it is given as x^4/16. Kindly explain and correct me if I am wrong. Thankyou.
latest answer
Yes your solution is the same as pdf answer it would have been better if you explained where I was wrong. Anyway I got it myself now. Thankyou for your reply
Aswin Chandar
CA Final
★ 40K+
2
579
Basic
Financial Management
answered on 06-Jun-21 14:32
Cash discount of 2/20 net 30. Here, 2,20,30 represent what.. Plz explain
latest answer
Thankyou sir
Sathiya Bama
CA Final
★ 24K+
2
562