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CA Final - Group 1 Books
Exams
asked on 07-Nov-25 12:59
If anyone has passed their CA Final Group 1 and has books. Staying near Mumbai - Kandivali. Please contact.
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No answers yet!!
Harsh Mittal
CA Final
★ 1K+
0
143
reduced cost approach
Accountancy
answered on 11-Nov-25 06:30
If I am using a reduced cost approach for a non-depreciable fixed asset, and there exist conditions for the grant that will be fulfilled only later, then when should I reduce the cost of the fixed asset by the grant value - at the time of receipt or at the time when all the conditions are met [Video Time Stamp: 05:48]
latest answer
Management makes a judgement based on don facts of case. It will be given in quest
Rithu V
CA Inter
★ 4K+
3
154
Default tax regime
Direct Taxation
answered on 17-Nov-25 21:39
Sir which slab rates i should follow for may 26 attempt Like 3l-7l @5% or 4l-8l @5% ? [Video Time Stamp: 08:55]
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Thank you sir
Bhanu Shankar
CA Inter
★ 590
2
138
Emphasis of the knowledge in detailings.
Auditing
answered on 10-Nov-25 08:12
Mam, shall we alot too much attention to the detailings like, orders of list, ascendings, decendings. Because, how much ever we may know this knowledge, when we go for audit. Checking all these details might not be feasible isnt it?, moreover, companies uses software which were designed to represent statements in this format. Such as Winman software, which has the same format. So the chances of company representing these alignments in a wrong way might be low. isnt it mam? [Video Time Stamp: 09:55]
latest answer
ok mam, understood
Vinod Kumar
CA Inter
★ 11K+
2
117
ASSERTION: COMPLETENESS vs INHERENT LIMITATIONS OF AUDIT
Auditing
answered on 09-Nov-25 16:20
Mam, we want to check completeness of the borrowing by obtaining the schedule, but what if the management hides intentionally some loans which were obtained during the year and repaid during the year. Such arrangement might not have opening balance nor do they have closing balance as well. If they are intensionally hiden from us, we could not check their existence ever. And that is where the Inherent Limitation of audit comes into play right mam? Or we could find out those hiden Borrowings using substantive analytical procedure? [Video Time Stamp: 11:48]
latest answer
Yes you are right. Management’s information might definitely be wrong. So we need to perform more procedures and find the hidden loans. Some trace can be found, like bank statements might have indication of receipt and payment. Ultimately it has all has the chances of going undetected. So there is inherent limitation
Vinod Kumar
CA Inter
★ 11K+
1
126
Comptutation intial stock
Financial Management
answered on 07-Nov-25 10:15
Sir Can you explain me the change of intial stock in year 2 and year 4 [Video Time Stamp: 22:33]
latest answer
At end of year 1 stock is 165 lacs and at the beginning of year 1, stock is 60 lacs, meaning in year 1, there is cash outflow of 105 lacs which leads to increase in stock In last year all stock is sold off basically WC release So, when you shut a shop (think of a Kirana store), all stocks in a shop are sold off - this is exactly like that
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
130
Deduction as per books vs deduction as per Tax
Financial Reporting
answered on 19-Feb-26 10:56
Sir, in this question, the total cumulative expense recognized in the books is ₹4 crore, whereas the deduction claimed for tax purposes is ₹4.6 crore. How should the excess deduction of ₹0.6 crore be treated?
latest answer
there will be only deferred tax implication and no other accounting is required.
Seema Jain
CA Final
★ 3K+
3
121
SA 501: Audit Evidence Special consideration to the selected Items of Financial statement
Auditing
answered on 09-Nov-25 16:22
Mam, i am confused, whether SA 501 is Initial Audit Engagement or SA 510. Please clarify in this regard. In earlier video also, SA 501 is mentioned to be as Initial Audit Engagement, where i thought it might be pronounced by mistake. But now i am confused whether i learned it in right way or not. [Video Time Stamp: 04:57]
latest answer
501- is audit evidence- specific consideration for selected items. (Three items) . You can remember as it is just next to audit evidence standard. ( SA 500) And SA 510 , you can connect with 210. Engagements. 510 is initial audit engagement, opening balances.
Vinod Kumar
CA Inter
★ 11K+
1
193
NOTES
AFM
answered on 07-Nov-25 05:23
WHERE DO I GET THE CONCEPT NOTES [Video Time Stamp: 01:00]
latest answer
First chapter introduction there is something called LDR
Gopi cd
CA Final
★ 0
1
121
Valuation
CFA
answered on 07-Nov-25 00:10
As we know Lenskart is about to get listed but the P/E ratio of lenskart is 235 is the valuation justified?lot of IPOs valuations now a days are highly inflated but still they are oversubscribed like crazy on what basis these companies are valued? Or is it just VCs trying to exit by listing it at a higher price pls explain how these ipos valuation works
latest answer
Check Zomato LE
Dhakshana Dhakshana
CFA L2
★ 18K+
5
112