Forums
Cloud computing
Information Systems
answered on 25-Oct-22 12:23
Using Gmail in mobile app is it cloud computing. Also using quick books in app is it cloud computing
latest answer
Yes cloud computing means storing and accessing the data and programs on remote servers that are hosted on internet instead of computerâ??s hard drive or local server. Google Cloud is a suite of cloud computing service models offered by Google.
Shru Kanda
CA Inter
★ 610
1
573
profit & loss pre and post incorporation
Accountancy
answered on 23-Oct-22 13:19
what is the treatment for the "Advertisement" when the question is silent about whether it is particularly for sales or common for the whole year?
latest answer
thank you sir
PRANESHWARAN VENKATACHALAM
CA Inter
★ 10K+
8
449
Qns expected
Costing
answered on 23-Oct-22 18:27
In costing, Budgetary control chapter comes for 10 marks in each exam.But I feel that chapter is so tough as Iam preparing it for first'time now .Can I skip it and have a glance at theory alone? Kindly share your suggestions
latest answer
Thanks sir
Shankari C
CA Inter
★ 12K+
6
475
ITC
Indirect Taxation
answered on 23-Oct-22 16:59
Can you elobarate it
latest answer
Since composition registered persons cannot issue tax invoice they will issue bill of supply and pay tax directly from the pocket.
Uday Kumar
CA Inter
★ 3K+
2
620
Loss Recovered From Minority Interest AS 21
Accountancy
answered on 23-Oct-22 15:26
We already accounted for the loss of Minority interest(Beyond Face Value) as holding company loss for the Purpose of Consolidation.if we recover the loss what is the entry sir ?
latest answer
You will reverse the earlier adjustment made.
M Naresh
CA Final
★ 3K+
1
421
Types of Market
Economics
answered on 22-Oct-22 20:23
Please help me in understanding Long Period Markets and what is written with it
latest answer
Thank you
Ardhendu Sekhar Acharya
CMA Inter
★ 250
5
637
#3: Question of the Day (BCR - Foundation)
Others
answered on 23-Oct-22 14:05
Name the essential aspects of oral communication. (1 mark)
latest answer
Essential aspects of oral communication are: a. Pronunciation b. Listening & conversation c. Spoken grammar d. Vocabulary e. Noticing language f. Presentations
Sahibdeep Singh
CA Inter
★ 14K+
1
528
Companies Audit
Auditing
answered on 23-Oct-22 15:42
In one topic explaing about " Manner and procedure of selection and appointment of auditors" i.e Rule 3 if CAAR, 2014 under the topic Provision related to audit committee (section 177) 6th Point in 4.2 (Pg no 10.24 in latest edition) If the Audit Committee, after considering the reasons given by the Board, decides not to reconsider its original recommendation, the Board shall record reasons for its disagreement with the committee and send its own recommendation for consideration of the members in the annual general meeting; and if the Board agrees with the recommendations of the Audit Committee, it shall place the matter for consideration by members in the annual general meeting. My doubt here is, After considering the recommendations from the audit committee, if BOD disagrees second time also, it will record the reason for its disagreement with the recommendation and send IT'S OWN RECOMMENDATIONS (BOD recommendation) to the members for appointment ( this is my understanding, correct me if I am wrong) . If BOD do so, what is the need of considering recommendations of audit committee ? as it'll not be a strong suggestion to appointment at last BOD only will decide who shall be appointed.
latest answer
Audit committee has the role of oversight on audits. If BOD disagrees, they need to mention reason and then recommend to members. So the members would be aware about the disagreement and can take a decision whether to appoint or not.
Manoj Raj
CA Final
★ 12K+
2
592
COMPANY AUDIT
Auditing
answered on 23-Oct-22 15:50
Section 144 of the Companies Act, 2013 prescribes certain services not to be rendered by the auditor. An auditor appointed under this Act shall provide to the company only such other services as are approved by the Board of Directors or the audit committee, as the case may be, but which shall not include any of the following services (whether such services are rendered directly or indirectly to the company or its holding company or subsidiary company) My doubt is if an auditor renders any of the services specified in the section 144 to the Associate company or Subsidiary of holding company of the company in which auditor is going to be appointed, will it leads to disqualification under this section?
latest answer
An auditor appointed under this Act shall provide the company only such other services as are approved by the Board of Directors or the audit committee, as the case may be, but which shall not include any of the following services (whether such services are rendered directly or indirectly to the company or its holding company or subsidiary company. Associate or co-subsidiary is not included here. The auditor has to evaluate independence in such cases separately by referring to relevant SAs.
Manoj Raj
CA Final
★ 12K+
4
506
Wip valuation
Accountancy
answered on 22-Oct-22 16:00
How do we value wip, it is not given in any of the accounting books, be it ca foundation, inter or ind as 2 in ca final
latest answer
Cost of Rm , conversion and oh
MS Kishore
CA Inter
★ 1K+
4
382