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Rtp may 23
Accountancy
answered on 28-Apr-23 12:42
In this question how this accumulated depreciation on office equipment has calculated...plz explain
latest answer
https://youtu.be/EReu5Ytvafs?t=3064 Covered in this video. Do subscribe to the channel so that you do not missout on these discussions. Thanks
Rifhat Khan
CA Inter
★ 28K+
1
458
Auditors
Corporate & Other Laws
answered on 28-Apr-23 16:54
Govt co auditor will also be appointed for 5yrs right?
latest answer
In case of government company, tenure of auditor is till conclusion of next AGM. That means every AGM same or new Auditor is appointed in case of Govt. co.
Sugam SM
CA Final
★ 9K+
2
354
house property
Direct Taxation
answered on 28-Apr-23 12:19
cause ER > Annual Rent so will GAV be ₹7lac ? Q14
latest answer
If Rent received + Unrealised rent is less than Expected Rent then take ER as GAV. And If Rent received + Unrealised rent is Higher then ER then take rent received as GAV. In this question GAV is 7 lac
Sushmita Chowdhury
CA Inter
★ 2K+
1
471
Audit and auditors
Corporate & Other Laws
answered on 28-Apr-23 21:41
If a firm is appointed and an auditor hasn’t completed his 5yrs of tenure and left that firm and joined another firm. Will the other firm be eligible for appointment as an auditor?
latest answer
The answer in the image is right. It was unclear from your words as to the exact question you were asking. Please Ignore my earlier remarks as I explained from a different perspective. In case an auditor retires from one firm and joins another firm and this auditor has completed his tenure, then that new firm cannot be appointed as auditor for 5 years of cooling period.
Sugam SM
CA Final
★ 9K+
6
444
Foreign Income
Direct Taxation
answered on 28-Apr-23 16:47
Why foreign income can only be considered for ROR and not for RNOR & NR
latest answer
Sec 9
Snehashis Mohanty
CA Inter
★ 35
4
433
GTA services
Indirect Taxation
answered on 29-Apr-23 16:13
What is the treatment of gta services in this qn for calculating tax liability?
latest answer
5% concept is not applicable now. Credit can be claimed only on the ITC reflecting in GSTR 2B.
Prasanna Ram
CA Inter
★ 0
13
623
Safety stock in material cost
Costing
answered on 28-Apr-23 09:00
Safety stock = normal usage (maximum lead time -normal lead time) Is this formula is correct to calculate safety stock??
latest answer
Annual demand/360 (Max lead time- Avg lead time)
Yashaswini M
CA Inter
★ 2K+
1
510
AS 13
Accountancy
answered on 28-Apr-23 02:44
If the loss is permanent in case of Long Term Investment, should we write it as - Value to be reduced OR Provision for Diminution to be made?
latest answer
You will create provision and then u are going to reduce cost of inv.
Kriti Iyer
CA Inter
★ 3K+
1
420
Misstatements
Corporate & Other Laws
answered on 28-Apr-23 00:55
Plss explain
latest answer
Here director can’t escape from being liable for misstatement. A director cannot escape on ground that promoter has issued those and he simply relied on them. But there are certain exception u/s 34 and 35. If he fits in any of those exceptions he shall be not treated guilty.
Reetikaa R
CA Final
★ 7K+
1
379
Grace marks
Corporate & Other Laws
answered on 28-Apr-23 09:28
If any mcq is wrong. Will they give grace mark? Should we attempt that option?
latest answer
Grace marks depends on score of all candidates. Since no negative marking - pls attempt
Sugam SM
CA Final
★ 9K+
3
519