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Nov 22 question paper 5 b company audit question
Auditing
answered on 08-Mar-23 19:52
If one partner is disqualified doesn't mean that entire firm is disqualified?
latest answer
hi omkar i am not sure about all the case But I'm very sure that as per section 141(3)(d) if any of the partners of an auditing firm is disqualified to act as an auditor of a company, then the entire firm will be disqualified as an auditor of that company.
OMKAR REDDY
CA Inter
★ 6K+
3
526
Redemption of preference shares
Accountancy
answered on 10-Mar-23 18:22
Why is it that the already existing amount in the CRR can't be used for redemption of preference shares and why is there a need for us to credit the CRR with the whole amount still required (after exhausting the amount received in fresh issue of shares)? Like in the given question (Illustration 9): We still need 2750000 to redeem the pref.shares(after using fresh issues) and we already have 2000000 in the CRR.....and why is there a need for us to still credit it by 2750000?
latest answer
☺👍
Jason Daniel
CA Final
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7
451
Nov/Dec 2022 Marksheet
Exams
answered on 08-Mar-23 12:45
Has anyone got your mark sheet for Nov/Dec 2022 exam?
latest answer
yes
Naresh Sundar
CA Inter
★ 2K+
7
548
How depreciation will be claimed
Accountancy
answered on 10-Mar-23 00:29
If we had purchased a machinery on credit of RS 100000 but 50000 paid as down-payment and rest will be paid in 10 equal installment(5000). Useful life of machinery is 10 yrs. If we maintain the books of accounts on cash basis then how the depreciation will be claimed in the books...?
latest answer
Actual Agreed Value is considered as Cost of Asset irrespective of Payment. Hence , shall claim depreciation u/s 32 on Rs 100,000
sushma verma
CA Inter
★ 170
2
393
Exam revision
Others
answered on 08-Mar-23 11:57
Indigo learn material, 5attempts RTPs, 5attempts MTPs is this enough for may 2023 exam for accounts & Costing.
latest answer
In addition to above replies, past suggested answers also important
Bharath kumar Reddy
CA Inter
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5
646
As 1
Accountancy
answered on 10-Mar-23 17:59
Can anyone pls explain this qstn?
latest answer
Thank u sir
Navya Danda
CA Inter
★ 55
6
500
Assertion
Auditing
answered on 08-Mar-23 09:16
What is Assertion level and meaning of assertion?
latest answer
Assertion are claims that the value of assets, liabilities, income, expenses, and equity shown in financial statements are correctly measured and disclosed according to the applicable financial reporting framework. They are at three levels transaction, account balances and presentations & disclosure.
Kota Teja Bharadwaja
Qualified CA
★ 165
1
527
annual return due date
Indirect Taxation
answered on 08-Mar-23 09:21
Friends, what is amended annual return due date and also a person can take ITC upto eligible date?
latest answer
I m akram
Kamal Kumar
CA Inter
★ 7K+
5
523
Extension of due date
Indirect Taxation
answered on 07-Mar-23 21:54
So is due date for filing GSTR 1 is 11th day or 10th day?
latest answer
It's based on the Filing Type.. Quarterly or Monthly. If it is Quarterly, the due date is 13th If it is monthly, the due date is 11th
Sugam SM
CA Final
★ 9K+
1
426
I need accurate answers from Indigo learn tutor's
Direct Taxation
answered on 07-Mar-23 20:14
according to section 44 AB tax audit how to show the profit percentage actually what is the rules of this section particularly .. ......Mrs Lakshmi Lal jain a wholesale silk seller Turnover RS 1.5 crore cash receipt RS 5 lakh cash payments RS 2 lakh bank transaction RS 1 lakh here how to declare my profit percentage as section 44 AB of tax audit Query : is it mandatory to show below of 5%??? please I need a calculation in practically
latest answer
Which means no need to get books of accounts audited by Chartered Accountants.... But friend how to below 5% I have to show in this case study could you please give me a calculation of that
MPR Sanjay Kumar
CA Inter
★ 530
7
486