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Sch 1 clause 1 logic
Auditing
answered on 23-Feb-24 06:33
Logic is not cleared ma'am! If thought logically , nothing wrong was done unless any fraud is conducted under CA name . Could you please clarify logic behind such clause
latest answer
Agree mam !!
Hrishikesh Pradhan
CA Final
★ 18K+
3
316
Predecessor Auditor
Auditing
answered on 22-Feb-24 20:49
i couldn't grab the last thing which is the meaning and difference between predecessor auditor and current year auditor
latest answer
Predecessor auditor is the auditor who has done the audit of the entity in previous year, n has now been replaced by new auditor. New auditor is referred as current auditor.
Satha Sivam
CA Final
★ 6K+
1
194
How to remove ad?
Financial Reporting
answered on 17-Feb-24 09:14
Advertisment is disturbing during class how to remove it
latest answer
Sorry for this. Will check
rajani kushwaha
CA Final
★ 0
1
168
Abnormal loss
Costing
answered on 19-Feb-24 13:09
Why scrap value of abnormal loss is not reduced?? Question is saying scrap realize Not specifically normal loss realize Then isn't it allowed to reduce the scrap of abnormal loss also
latest answer
All items of abnormal nature are debited/credited to costing p&l. Any scrap realisation from abnormal loss is credited to abnormal loss account and net amount is then transferred to costing p&l
jasmin ameena
CMA Inter
★ 5K+
1
191
AS 7 mcq
Accountancy
answered on 17-Feb-24 08:48
What are the answers to these circled questions in the image ?
latest answer
2.b 3.a
sradha krishna sunil
CA Final
★ 5K+
1
333
Security Valuation
AFM
answered on 17-Feb-24 22:01
Sir, what is the difference between the YTM and Bond Forward rate?
latest answer
This is bootstrapping of interest rates / term structure of interest rates - explained in class. it is given in ICAI SM too
Swathi Krishna
CA Final
★ 8K+
5
282
Topic of non commercial
Strategic Management
answered on 17-Feb-24 15:47
Sir this topic is not there in syllabus why this topic is included???
latest answer
There is a reference in the summary. May be tested as MCQ or TF.
Shivaraj Thekkatte
CA Inter
★ 0
1
140
Process costing
Costing
answered on 19-Feb-24 13:11
Why closing WIP of process 1 is not transferred to process 2 as opening WIP in this question?
latest answer
Closing wip of process 1 at end of period will become the opening wip of process 1 for next period. Only when finished goods are transferred from one process to another we make transfer entry
jasmin ameena
CMA Inter
★ 5K+
1
163
ROMM
Auditing
answered on 22-Feb-24 20:40
how many more videos to be uploaded in this topic?
latest answer
Entire topic will be available. in line with institute study material.
Satha Sivam
CA Final
★ 6K+
1
194
Cash settlement- SAR
Financial Reporting
answered on 17-Feb-24 15:05
Sir, in the illustration number 5, as you mentioned in the previous lecture should not the cash settlement be recognized immediately on the grant date and the subsequent increase in FV as at the year end and the next year end be recognized 01.04 Exp a/c Dr To Liability for 113000 31.03 Exp a/c Dr 27000 To Liability 7000 To Equity 20000 31.03 Exp a/c Dr 32000 To liability a/c 12000 To Equity 20000
latest answer
Here it is not cash settled. It is cash or equity settled.
Venky Balamurali
Qualified CA
★ 0
1
166