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Audit sampling

Auditing

answered on 18-May-21 13:42

What is meant by anomaly? Could you explain sir

latest answer

Thank you sir

Suriya M

Suriya M

CA Final

31K+

2

842

Salaries

Direct Taxation

answered on 19-May-21 00:51

Is my computation correct regarding leave encashment

latest answer

Ok sir thank you

Sri Varshini

Sri Varshini

CA Inter

575

2

645

Deduction u/s 80JJAA

Direct Taxation

answered on 18-May-21 15:48

Allowed as deduction for 3years(year of employment + 2year). If first year of employment is loss for the company ,will the co get 2 years or 3 years of deduction for the succeeding years

latest answer

Deduction is only for the year of employment and two years. Even though the assessee gets loss in the first year, he will get deduction in remaining two years only.

nihal ps

nihal ps

CA Inter

4K+

1

638

Retirement Of partner - illustration 3

Accountancy

answered on 27-May-21 19:52

Here, the goodwill I the balance sheet is written off in 5:4:3 ratio, and not 3:4:4 ratio, why is that?

latest answer

May be some mistake in the material. The actual ratio will be 3:4:4.

Siddharth Kulkarni

Siddharth Kulkarni

CA Final

28K+

7

895

Applicability of CARO

Auditing

answered on 18-May-21 11:43

Which CARO is applicable for May 2021 Examination for Inter New Syllabus.

latest answer

Yes, but ICAI notified clearly that CARO 2016 is applicable for May2021 irrespective of the content in Study material.

Vicky 027

Vicky 027

CA Inter

2K+

3

896

cost of capital

Financial Management

answered on 18-May-21 11:35

when retained earnings is given along with equity share capital we should take only issue price to calculate cost of equity share capital?

latest answer

yes

satya nagulapalli

satya nagulapalli

CA Inter

150

1

577

Doubt

Economics

answered on 26-May-21 12:05

In this question why national debt is included while computing personal income becoz national debt interest is an income to private sector right?

latest answer

Yeah my doubt got cleared after watching the video in youtube thank you...

Sri kanaga Varshini

Sri kanaga Varshini

CA Final

3K+

4

3K+

CoC

Financial Management

answered on 18-May-21 09:22

Sir what is this Approximation method? Why no explanation is provided in the module?When to use it? If possible please provide explanation video

latest answer

Coupon Rate is 15%. Which means for Rs. 100 invested you get an interest of Rs. 15. However market rate of interest is 16%. So for every Rs. 100 invested investor wants Rs. 16 as return. Expected return is Rs. 16 for Rs. 100 investment. If Return is Rs. 15, the investor would invest = 100 x 15/16 = Rs. 93.75

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

1

712

Query related ordering books

Exams

answered on 17-May-21 23:01

Hii Bro I m in 12th current ND want to give may 2022 attempt I registered yesterday ND got CDs mail now but I m getting coupon on books of Oct 2020 which r for may 2021 attempt ND onwards.. Will this study material applicable ND usefull for my may 2022 attempt... Should I order it .. plz guide..

latest answer

Tysm broo ��.. Have a grt future .. thanks again

sujal jaiswal

sujal jaiswal

CA Foundation

485

2

829

Final accounts

Accountancy

answered on 22-May-21 16:32

Sir it is clearly said that net purchases is transferred to trading account Why do we again show in trading account As to purchases less returns

latest answer

Thank you mam

Prasanth Kumar

Prasanth Kumar

CA Inter

13K+

9

668