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answered on 04-Mar-25 12:58
Sir I cleared my group 1 under the old syllabus i.e, november 2023... Now I'm writing 2nd group in May 2025..can I join articles before clearing second group sir?? Because I cleared group 1 under the old syllabus right!
latest answer
Ok sir thank you
Priyanka R
CA Final
★ 20K+
2
237
Engagement Letter
Auditing
answered on 04-Mar-25 14:24
In illustration, it is mentioned that Company has issued the Engagement letter to all 3 Auditors. Whereas SA210 says it is the responsibility of auditor to draft and issue EL to client. Whether the EL issued by client to auditor is a valid document?
latest answer
Company issues appointment letter. Engagement letter is always from the auditor
Seema Jain
CA Final
★ 3K+
1
260
In scenario A, do we ignore the 20% performance bonus ?
Financial Reporting
answered on 11-Mar-25 10:29
In scenario A, do we ignore the 20% performance bonus ? If he receives 20% of profit, then should he not be considered principal in scenario A?
latest answer
We have to consider all relevant facts. Not only the profit share.
Manu Jacob
CA Final
★ 6K+
1
150
Exam 2026
Exams
answered on 04-Mar-25 10:44
If I complet my CA inter by Sept 2025, will I able to give my CA Final in May 2026? I completed my articleship.
latest answer
Okay. Thank you
Priya Ravi
CA Inter
★ 55K+
4
278
Time
Exams
answered on 04-Mar-25 09:38
In what time.result will be announce
latest answer
Generally around 12-2 pm
Sonia
CA Foundation
★ 0
1
218
Security Valuation - Equities - Illustration 44
AFM
answered on 04-Mar-25 07:29
Dividend is just received from the company and paid to the lender of shares and why it is included in the cost. Even if it is paid before 31 March, it'll be subsequently received from the company. Kindly clarify sir.
latest answer
Thank you sir
Vigneshwar M
CA Final
★ 2K+
4
160
BALANCING ALLOWANCE & BALANCING CHARGE
Financial Management
answered on 04-Mar-25 08:47
Balancing Allowance (Extra Deduction): Sometimes, the total tax-allowable depreciation you've claimed over the years might be less than the actual fall in the asset's value. In this case, you get a "balancing allowance" – an extra deduction in the year you sell the asset to make up the difference. Balancing Charge (Extra Tax): On the other hand, if you've claimed more depreciation than the actual fall in value, you'll have a "balancing charge." This means you'll have to pay extra tax on the excess amount you claimed in the year you sell the asset. I think i did not get this concept clearly so getting confused about what is less and more. Can you please clear this? Thank You!
latest answer
Yes
Nabeela Faisal
ACCA Skill
★ 0
2
526
At Expiration LIBOR 1.25%
AFM
answered on 04-Mar-25 07:31
Sir in the question At Expiration LIBOR 1.25%, expiration means on the 90th day or 180th day ?
latest answer
In context of an FRA , expiration means the date when the agreement expires, i.e the date on which the borrowing is supposed to happen i.e day 90. day 180 is when loan tenure ends So L + 125 is on day 90
Hemachandra D
CA Final
★ 9K+
1
194
Capitalization rate
AFM
answered on 04-Mar-25 07:33
Capitalization rate will be used to determine market value of company.But here why it is used to determine eps?What is the relationship between market cap rate and eps?
latest answer
EPS / Cap rate = MPS => MPS x cap = EPS
Bhoomesh Velan
CA Final
★ 3K+
1
225
In the NCI closing balance why are we subtracting dividend paid of Rs. 22464?
Financial Reporting
answered on 04-Mar-25 09:39
In the NCI closing balance why are we subtracting dividend paid of Rs. 22464? Please explain.
latest answer
NCI balance represents amount payable to NCI. if we have paid dividends, that amount is reduced. Since the share of profit is lower now. Or think of it this way, if dividends are paid, profits will be lesser, and NCI share will be accordingly less.
Manu Jacob
CA Final
★ 6K+
1
250