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doubt regarding ceiling limit of company audit

Auditing

answered on 04-Mar-21 18:03

is the ceiling limit is applicable in case of tax audit???

latest answer

-> For tax audits there is separate ceiling limit -> 60 per auditor (as individual/partner) -> If CA in practice accepts more than 60 in a FY u/s 44AB: deemed to be guilty of professional misconduct

Bavas Muhammed

Bavas Muhammed

CA Inter

0

1

664

Branch accounting

Accountancy

answered on 06-Mar-21 06:52

Sir, can we prepare both branch cash alc and branch expenses alc

latest answer

Yes. Branch expenses A/c is for ascertainment of total expenses incurred. Branch Cash / Bank A/c tells us about cash flow at branch

Subash Chandrabose

Subash Chandrabose

CA Final

32K+

1

601

Idle time

Costing

answered on 05-Mar-21 10:39

Guys can anyone help me for how to identify idle time in this question

latest answer

Divide the labour cost given with the rate per hour. That gives you number of hours. Compute idle time on the same.

Vishwanath Tadur

Vishwanath Tadur

CA Inter

2K+

1

668

Query

Others

answered on 04-Mar-21 19:45

In acc for ca foundation, unit 3 is missing .is video not thereon the topic ?? Ch - acc terminology

latest answer

Okay sir ,thank u so much sir

Reetikaa R

Reetikaa R

CA Final

7K+

2

513

CARO

Auditing

answered on 04-Mar-21 12:58

Hi can you please let me know which CARO is applicable for May 2021, 2016 or 2020?

latest answer

For May 21 attempt - CARO 2016 is applicable for Auditing & Assurance.

KARTHI VB

KARTHI VB

CA Final

2K+

4

584

Balance sheet

Accountancy

answered on 05-Mar-21 11:31

In my college my teachers says if we get net profit add to capital and if we get net loss subtract from capital.till date no one has clarified me why should we add to capital if we get net profit.or why should we subtract capital if we get net loss.please you must only clarify this point sir.

latest answer

Thanks sir

Shreesha .T.u

Shreesha .T.u

CA Foundation

2K+

4

663

RCM

Indirect Taxation

answered on 04-Mar-21 12:46

In RCM both these entries are not covered in the lecture

latest answer

Thankyou ma'am!

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

2

639

TDS revised return

Direct Taxation

answered on 04-Mar-21 12:59

How to get PRN of original return of TDS ,if documents are not avilable for revised return?

latest answer

What is the query

Gopireddy Damodharreddy

Gopireddy Damodharreddy

CA Inter

2K+

3

720

Doubt

Maths & Stats

answered on 04-Mar-21 20:23

Sir how to identify which problem is sinking fund method ,future value of annuity,present value of annuity, leasing in exam

latest answer

OK sir thank you sir

sai t

sai t

CA Foundation

2K+

2

690

Statistical presentation of data

Maths & Stats

answered on 04-Mar-21 08:38

Annual income of a person is which variable ?

latest answer

It's a discrete variable

Amisha Mahajan

Amisha Mahajan

CA Foundation

2K+

1

633