Forums
Appointment of Auditor
Auditing
answered on 23-Nov-22 18:38
Whether first Auditor of a company can be appointed as subsequent Auditor ? If it is done then when will the subsequent Auditor's period is end in case he is individual ? * Conclusion of 5th AGM or 6th AGM ?
latest answer
Yes, Company can re-appoint First Auditor at its First Annual General Meeting, who shall hold office for the period of Five Years from the conclusion of that First Annual General till the conclusion of its Sixth Annual General Meeting.
Sathiyanarayanan P
CA Final
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3
513
Existing good
Corporate & Other Laws
answered on 23-Nov-22 18:56
Please explain specific ascertained and unascertained goods with same example in different cases
latest answer
Specific goods are those goods which are identified and agreed upon at the time a contract of sale is made. The keyword here is â??atâ??. Ascertained goods are those goods which are identified in accordance with the agreement after the contract of sale is made. The keyword here is â??after". To understand ascertained goods, you need to know the meaning of unascertained goods first. Unascertained goods are those goods which are not specifically identified or ascertained at the time of making of the contract. Let's say, you went to a shop and demanded 5kgs of wheat. Now the seller has quite a bulk quantity of wheat in his shop (This bulk is regared as unascertained goods). When from this bulk, 5kgs are identified in accordance with the agreement after the contract of sale(contract of sale includes both sale and agreement to sale) is made, it becomes ascertained goods. One more point of difference is that: Specific goods are specifically identified, i.e. It's the only thing which the buyer intends to buy. In other words, it has no replacement. For example: Oneplus 6, Kohinoor diamond, Paintings by famous artists etc. Ascertained goods are goods separated from the bulk after the contract of sale is made. For example: You go to a vegetable market and demand 2kgs of tomatoes. When the seller appropriates 2kgs of tomatoes in accordance with the agreement, they become ascertained. If you find some defects in it, you can replace it. In common parlance, however, Ascertained and specific goods are used in the same sense.
Anitha V K
CA Inter
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5
954
Material costing
Costing
answered on 23-Nov-22 19:45
Two formula are there for average stock level . If i solve this problem , i am getting different answers if i try in that two formula . I should get same answer nah ?
latest answer
Refer this if u need
akhil shihab
CMA Inter
★ 25
3
580
MCQ
Strategic Management
answered on 23-Nov-22 23:06
For 17.1, is the answer a or d Sir?
latest answer
What the management has given is not completely right, in the next sub- division question ,you can know it . Water world is in the declining stage (Dog).
Dhivyaa Latha
CA Inter
★ 4K+
7
494
Small doubt
Corporate & Other Laws
answered on 23-Nov-22 20:10
can anyone explain the second sub division which is in below image
latest answer
Welcome!
Balachandar S
CA Inter
★ 59K+
12
801
Additional Question Bank
Maths & Stats
answered on 23-Nov-22 12:03
Many students who have passed CA foundation have advised me not to do Additional Question Bank in Maths Stats and LR. Is it ok to not do the addition question bank in any chapter ? Or we should do additional qb of some specific chapters only ? Please advise
latest answer
Try it ..it is important and scoring
Ardhendu Sekhar Acharya
CMA Inter
★ 250
9
718
Question no. 3 Sets
Maths & Stats
answered on 23-Nov-22 00:40
I think the answer should be option (d) as C is a set on integers between -15 to 15 and none of the options satisfy the condition of set C
latest answer
Yes you are right
Ardhendu Sekhar Acharya
CMA Inter
★ 250
4
583
Maths Theory Questions
Maths & Stats
answered on 23-Nov-22 10:02
Can anybody tell me does any theory question come in the Maths and LR part of Paper 4 of foundation ?
latest answer
Exercise and additional questions are enough for stats theory.
Ardhendu Sekhar Acharya
CMA Inter
★ 250
5
464
3 tests for buyback
Accountancy
answered on 23-Nov-22 19:01
Just a quick question. In the attached problem, the securities are bought back at Rs.30. Rs.10 is F.V and the rest is premium on bb. While calculating the third test we are allowed Rs 150cr to buy back, but Sir is splitting this between CRR creation and buyback as a total of Rs. 40 for one share. So if we are allotting Rs.10 to CRR the rest for bb should be Rs.20 right? Why is he taking it as Rs. 30 for bb and Rs.10 for CRR?
latest answer
30 - Buy back value 10 reduces share capital 20 reduces reserves And further 10 is transferred from free reserves to CRR
Sri Murthy
CMA Inter
★ 0
2
955
Seating arrangement
Maths & Stats
answered on 23-Nov-22 00:26
can Someone explain the following two questions?
latest answer
I) CD II) & III) BFG IV) EA V). CDBF or DBCF VI). A_D or D_A By considering all these the seating arrangement will be: EACDBFG
Monika T
CA Final
★ 7K+
2
549