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Corporate & Other Laws
answered on 19-Nov-20 11:10
Sir wHat are the provisions I can refer for this question as it is little confusing for me..?
latest answer
If its sale of goods, you need to apply sale of goods act provision first.
Sri kanaga Varshini
CA Final
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Standard costing
Costing
answered on 20-Nov-20 08:42
In the rtp may19, why is 800 kg not multipled by 90% but the whole input is multipled by 90% ?
latest answer
800 is required. There is a normal loss expected of 10%. If 100 is input, useable input is 90. So, for 90 - Input required is 100 for 800 - input required is 800/90*100.
Swathi Krishna
CA Final
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MoA
Corporate & Other Laws
answered on 18-Nov-20 17:05
In case If ultra vire act .... Moa And Aoa Are Public documents .. Assume lender lends Money ultra vire to the company ...( Directors are liable )Â But but .. what about MoA ....because borrowing power of director is clearly mentioned in this document So how can a lender lends ultra vire loan ... 2.Company will say it is ultra vire so we can, t ratify it .. Director, s will say that it is lender, s fault who doesnot Read The Aoa...as Well as Moa... 3.if comapany can, t ratify it even with unanimous vote then how in exceptions it can by altering articles
latest answer
Shareholders can ratify by amending articles if they wish to.
Zeeyan Koka
CA Foundation
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Nowadays, we can use any bank's ATM card in another bank's ATM.
Information Systems
answered on 18-Nov-20 12:14
Not necessarily other banks. Even Post office ATM cards we can use in Banks' ATM. Each bank has their own, respective CBS, which is centralized for need of that branch, right? Then what is happening in this case? Is the Centralized Data Centers/servers being shared or something?
latest answer
ATM Switches interact with servers of banks - servers are not shared but access to specific items like balances, ability to withdraw are given access to all other banks ATM's
Kumarjit Dey
CA Inter
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Company accounts
Accountancy
answered on 18-Nov-20 08:08
Why they are adding forfeiture share to share capital?1500(RAM-500 shares SHYAM-1000 shares)??
latest answer
Forfeited shares balance are shown under share capital.
Aravindh Kumar
CA Inter
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CASA Process Flow
Information Systems
answered on 19-Nov-20 13:30
"The credit team verify the document assess the financial and creditworthiness of the borrowers and updates facilities in the customer account." For Current account it is understandable, but what is the necessity for determinign credit worthiness in case customer wants to savings account? Cant just anyone open a savings account with the bank?
latest answer
Okay. Understood.
Kumarjit Dey
CA Inter
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Operating System Security
Information Systems
answered on 18-Nov-20 08:11
"Refers to security for operating system software which is installed in the servers and Systems which are connected to the servers" OS software installed in system is Windows/MacOS, right? Can you give an e.g. of OS installed in "server"?
latest answer
You can have windows/Linux on server.
Kumarjit Dey
CA Inter
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Do CBS developers like Infosys, TCS develop...
Information Systems
answered on 18-Nov-20 09:13
the web interfaces and mobile applications of bank?
latest answer
Thank you.
Kumarjit Dey
CA Inter
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Audit Report
Auditing
answered on 18-Nov-20 13:22
Why is the opinion of auditor called as modified/unmodified? If auditor gets reasonable assurance that FS are free from material misstatements and reflect the true state of affairs of business, he gives a clean opinion. Why should it be called 'unmodified'. It could be called clean opinion itself right? What is that he is not modifying? I don't understand the reason behind this. Can anyone kindly educate me this?
latest answer
Thank you Sir. So, it's just a name given that's it? So, modified opinion doesn't indicate anything like, something which was done earlier is now modified or something like that. Can I understand it like this Sir?
Rama Sesha Gopal
CA Final
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Doubt
Accountancy
answered on 18-Nov-20 08:14
Sir here closing inventory is not shown in trial balance why? When to show and not to show in trial balance
latest answer
If it is adjusted against purchases, then it is show in trial balance. Otherwise its given in adjustment.
Sri kanaga Varshini
CA Final
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