Current assets

asked 1 hr ago

In current assets Sir was reduced 100 in 340 why not they reduced in 300 340 includes current liability, so we have to reduce it from 300 Is that correct, then balance sheet will not tally

latest answer

No answers yet!!

Shivashankar Jawai

CA Inter

★ 930

0

11

Section number and rule number

asked 3 hrs ago

Is it mandatory to write the section number and the rules in exam ??. Will they reduce marks on account of this?

latest answer

No answers yet!!

Akshay Shabu

CA Final

★ 800

0

21

regarding cash outflow

answered 2 hrs ago

sir while calculating cashflows for machine abc in rental option you said that penalty is cash outflow then while computing total pvco why did you add it instead of subtracting sir???

latest answer

Rent is an outflow and penalty is also an outflow all cashflows are outflows only hence all cash flows are added

PreneshRaj

CA Inter

★ 0

1

30

SA 505

answered 4 hrs ago

Please give brief about these four points

latest answer

Thank you brother

Eswar Aakash

CA Inter

★ 57K+

2

48

Syllabus

answered 18 hrs ago

Is there any syllabus addition for jan 2025 exams as compared to september 2024 Can we just follow the same material applicable for september exams

latest answer

Same material

Sai sruthi

CA Inter

★ 540

1

47

Derivatives Black Scholes Model Illustration 4

answered 1 hr ago

Sir, why is the answer solved like this. e^-1.0005 cant be same as e^1.0005?? e^-1.0005 will be same as 1/e^1.0005 only nah???

latest answer

Yes

Rahel Rayu

CA Final

★ 3K+

3

50

Amendments

answered 20 hrs ago

Latest amendments are applicable for Jan25 attempt or same like sep25 attempt.

latest answer

Thank you sir

Short Video

CA Inter

★ 745

2

55

SA-320

answered 20 hrs ago

In SA 320, while deciding materiality level we use % of benchmark, Like 1% of revenue or net profit like that, The result of that will give materiality level for transactions or class of transactions. How to decide materiality level for the financial statements as whole?

latest answer

benchmark will give materiality for the financial statements as a whole. Then for individual class of transaction, balances, a lower limit can be set considering the risk involved. that is called as performance materiality.

Varun Endukur

CA Final

★ 4K+

1

55

SA-328

answered 20 hrs ago

In SA 320, while deciding materiality level we use % of benchmark, Like 1% of revenue or net profit like that know, The result of that will give materiality level for transactions or class of transactions. How to decide materiality level for the financial statements as whole sir?

latest answer

there are two concepts- materiality for financial statements as a whole and performance materiality.

Varun Endukur

CA Final

★ 4K+

1

55

Deposit

answered 1 day ago

If company accepted deposit on 1/11/2020 Company didn’t accept any deposit after that Will company have to file return of deposit on 2021, 2022, 2023 every year ?

latest answer

Yes

Sushmita Chowdhury

CA Inter

★ 2K+

1

60