powered by logo

Forums

Audit and auditors

Corporate & Other Laws

answered on 31-Mar-24 22:39

As per sub section 10, if no auditor is appointed, existing auditor can continue to be auditor. What about rotation in this case? If auditor has worked for 5 years and no auditor is appointed, shouldn't he be ineligible to be continue as auditor?

latest answer

This provision is talking about every year AGM appointments of the same auditor who is appointed for the term of 5/10 year period. After 5/10 years this provision does not apply and there will not be default automatic reappointment.

Jasna Jaleel

Jasna Jaleel

CA Final

170

1

296

Moct test paper 1

Exams

answered on 01-Apr-24 05:19

How can I get ca Inter mock test paper 1 ,,,I can't access it through BOS knowledge portal.

latest answer

Login to Bos Live

Sahel Mallick

Sahel Mallick

CA Inter

5K+

1

345

Standard costing

Costing

answered on 03-Apr-24 07:27

During the month 7500 hours were paid which include 350 unproductive hours due to unbudgeted holidays as also loss of production of 250 units of product A due to machine breakdown . here 350 hours idle Time. am I right??

latest answer

Ok thank you

Devisree

Devisree

CMA Final

0

9

352

NAV 31.3.18

AFM

answered on 31-Mar-24 18:49

Sir, Why 1lac was added to return of 202180.i understood the calc of annual return but was not able to catch up with the closing value calculation

latest answer

Thanks sir understood

Anjana K S

Anjana K S

CA Final

8K+

2

190

From which subject we should start Preparing

Costing

answered on 03-Apr-24 11:45

Shall we start from Difficult one?

latest answer

Thank you..!Pranav Sir😊🙏🏻

GOKUL KOLATE

GOKUL KOLATE

CA Inter

1K+

3

337

GST TOPIC AND AMORTISATION

Accountancy

answered on 04-Apr-24 15:43

Sir, it has been since 1month and more than that sir you have been keeping on saying that it will uploaded still there are no vedios . please do upload of that vedios sir.

latest answer

It was uploaded today morning- GST.

sukeerthi chinnaramugari

sukeerthi chinnaramugari

CA Foundation

1K+

5

210

Q-49, Depreciation and Appreciation of Rupee

AFM

answered on 02-Apr-24 12:05

Sir, while calculating the real app or dep of rupee of ask price, should not it be 1.0305/1.0381-1= -0.73%?

latest answer

This correction has been made- thanks once again for highlighting

Venky Balamurali

Venky Balamurali

Qualified CA

0

2

199

Accounting Entries - Examples

Financial Reporting

answered on 01-Apr-24 04:59

In this case - we recognize amount receivable from customer contract asset , but why cant it be treated as sale made with a right to return ?

latest answer

It is similar.

Bhoomi Makhecha

Bhoomi Makhecha

CA Final

35

1

294

Limited liability partnership

Corporate & Other Laws

answered on 02-Apr-24 18:35

In the descriptive question no 3 solution they have told that Albert also must be the designated partner but minimum requirement is only of 2 designated partner in which one must be resident. Why should Albert also be included?

latest answer

There seems to be some mistake in the answer, there is no compulsion to make Mr. Albert as a designated partner.

SUBODH M JAIN

SUBODH M JAIN

CA Final

2K+

5

323

TOTAL NO.OF CONTRACTS

AFM

answered on 31-Mar-24 15:46

Sir as per 3rd part of this question, the investor should short 13.342 Nifty futures contract and in the 4th part to reduce this beta of the portfolio to 0.6 we are shorting 3.91 Nifty futures contract. So my Doubt is whether in 4th part we are shorting additional contracts of 3.91 to that of 13.34? And another doubt is that in question the Given value e^(rt) is 1.01598, and this value is arrived only when we use 55 days for the calculation.

latest answer

Part 3 is full hedge for which 13.34 contracts need to be shorted beta will become zero Part 4 is 3.91 - this is for reducing beta to 0.6 Both are diff and 3.91 is not after 13.34. 3.91 is independent and 13.34 is independent as explained above - both are diff scenarios Jan 1 to feb 28 shoudl be 59 days - but they gave value for 55 days - if a value is given in problem consider it. May be settlement date for feb is not 28 but 24 due to holidays / weekend etc who knows

Mohanbabu N

Mohanbabu N

CA Final

3K+

1

189