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Bank audit
Auditing
answered on 12-Nov-23 19:00
What is the difference between sanction limit and outstanding balances?
latest answer
Thank you soo much ☺️
Kishore
CA Final
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2
499
Prices
Economics
answered on 15-Nov-23 20:17
What is the difference between List price, marked price, MRP, selling price and cost price?
latest answer
Cost is cost of manufacturing without adding any margin - i manufacuture say a toothpaste at Rs.50 MRP is the price that is printed on the product - eventual price under no circumstances can be greater than this - MRP of tooth paste is 100 List price is price i list on my website or my catalogue - price of toothpaste on my website is 90 . Seller shows 100 as MRP strike it out ( like what we do on our website) Selling price is final price at which i sell, after discounts on list price - 90 - 10% = 81 Selling price is final sale price List
Nidhi S
CA Inter
★ 4K+
1
445
Analytical procedures
Auditing
answered on 12-Nov-23 17:18
Substantive analytical procedures are generally more applicable to large volumes of transactions that tend to be predictable over time . Whether this statement is true r false and what is the meaning of the statement
latest answer
You are welcome 🤗
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
3
519
Audit in an Automated environment
Auditing
answered on 13-Nov-23 09:33
What is the difference between Internal Financial controls and Internal controls over financial reporting???
latest answer
Control over financial reporting basically is control over preparation and presentation of fin statements. For e.g account balances are correctly captured in trial balance and balance sheet. Financial controls are wider in scope
Neha Baliga
CA Inter
★ 16K+
6
638
Salaries
Direct Taxation
answered on 14-Nov-23 17:58
Voluntary retirement compensation Here voluntary retirement compensation is applicable to employee of ANY company. Exemption under this section can be claimed only when the employee has completed 10 years of service or completed 40 years of age. Am I right sir
latest answer
Yes right.
Krishnan K
CA Inter
★ 5K+
1
432
General doubt
Others
answered on 11-Nov-23 14:31
Why in market generally stock price drops to the extent of dividends paid when company pays it div??
latest answer
That respective stock price raised(Cum dividend price) bcz of expectations towards dividend, after dividend payment stock price may drop (Ex dividend price) to the original
Dhakshana Dhakshana
CFA L2
★ 18K+
2
437
Auditor remuneration
Auditing
answered on 11-Nov-23 15:52
Can auditor do audit free of cost to company?
latest answer
Generally it is not recommended because it will make others perceive that's the auditors independence has been compromised.
C ANNBU PALANIAPPAN
CA Inter
★ 5K+
3
463
Compiler Problem
Information Systems
answered on 11-Nov-23 16:28
Dear Sir/ Mam, Couldn't Access the EIS Compiler
latest answer
Try this
Jaya Shree
CA Inter
★ 10
1
492
Max time period
Auditing
answered on 11-Nov-23 07:29
Is this provision still in applicability
latest answer
Not relevant now.
creative geek
CA Final
★ 10K+
1
473
SA530
Auditing
answered on 11-Nov-23 13:28
I don't know how to ask my doubt 🥹 But I'll try to ask; ¹) items in each stratum known as strata ²) items in each strata known as stratum Which one is correct?
latest answer
❤️ thanks, Btw How's your preparation for audit
SAI AKASH GORU
CA Final
★ 750
8
599