Forums
CARO
Auditing
answered on 28-Jul-20 06:15
All the examples of Audit report are good, but there's no Audit report example containing CARO attachment
latest answer
Those are specific matter to be addressed and all audit reports contain the matters (positive or negative). If you would still like to see how CARO report looks like, you can check the audit report of any listed company.
Rakesh Prabhu
CA Final
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Articleship
Others
answered on 31-Jul-20 20:46
If a student who completed inter 1st group through foundation course but ITT and orientation training not finished due to covid situation. Whether he is Eligible for articleship on or before 31st July 2020?
latest answer
Separately.
Sethu Raman
CA Inter
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Notification
Others
answered on 28-Jul-20 10:49
Not getting notifications of reply of forums
latest answer
Thanks for reporting the issue.
Rakesh Prabhu
CA Final
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Error in class
Direct Taxation
answered on 30-Jul-20 22:10
In video class of salaries , leave travel concession, in the chart if there is recognised system then it is first class or deluxe fare and if not, first class AC rail fare rite ? It is given opposite in the video Can u verify and tell
latest answer
Thax
Swathi Krishna
CA Final
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Pen
Exams
answered on 26-Jul-20 20:50
Can we use blue ball pen in exams
latest answer
Pls use black pen. The answer books are scanned and blue color may not be scanned properly.
Ankush R
CA Final
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Receivables
Financial Management
answered on 31-Jul-20 00:06
In illustration 18 , (mosaic ltd question) the total cost of the proposed policy is 75% of sales= 1293750.variable cost is 80% of 75% of sales = 1035000 & fixed cost = 225000 (since it did not change ) But total cost is variable + fixed cost rite But when we add variable + fixed , it is not equal to 1293750, then what the balance indicate ? Is there even a balance ? Can u please reply?
latest answer
At Rs.15,00,000 sales, Cost of sales is given to be 75%. Out of which 80% is towards variable costs and 20% is towards Fixed costs. So at 15,00,000 sale point, variable cost will be 9,00,000 (15,00,000 x 75% x 80%). And Fixed cost will be 2,25,000 (15,00,000 x 75% x 20%). When the sales will be increased by 15%, amount of sales = 17,25,000 (15,00,000 + 15%). At this point variable cost will be 10,35,000 (9,00,000 + 15%). But the fixed cost being fixed in nature do not change even when the sales increase by 15% and will remain at Rs.2,25,000.
Swathi Krishna
CA Final
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Section54
Corporate & Other Laws
answered on 27-Jul-20 09:13
Can private company issue sweat equity shares ?
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Thax
Swathi Krishna
CA Final
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Section 51
Corporate & Other Laws
answered on 28-Jul-20 14:14
In case suppose in balance sheet 1000 equity shares of rs 100 , paid up 80 Mr.A , a shareholder holding 100 shares, made advance payment of call money of rs 20 If a Mr.A made advance payment on call money as per Sec50 and the dividend @10 % is paid on the paid up value (AoA authorised in this case) Will Mr.A get 100 Ã?100 Ã?10% or 100Ã?80Ã?10%?
latest answer
K
Swathi Krishna
CA Final
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PGBP
Direct Taxation
answered on 28-Jul-20 12:40
Sir, In the section 43A of PGBP do we include the interest component also to varify the difference from the acquisition date.
latest answer
Section 43A clearly mentions about foriegn exchange difference only. Hence interest component shall not considered for the purpose of Section 43A. Capitalization of interest mentioned in ICDS-IX - Borrowing Costs, refer for more clarification.
aman kawad
CA Inter
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Inventory management
Financial Management
answered on 27-Jul-20 13:39
In illustration 13 why 30000 /2 ?
latest answer
Since 7,600 will be the fixed inventory level, you need to take the average of the order size. And so the average stock maintained should be 7,600 (fixed) + 30,000/2 (average order size) = 22,600 tonnes
Swathi Krishna
CA Final
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