Forums
Same type of vehicle
Costing
answered on 22-Dec-25 15:49
Sir in case of different types of vehicle, we should be using the concept of equivallent charge for a single vehicle, is that correct sir? [Video Time Stamp: 17:43]
latest answer
Yes
Vinod Kumar
CA Inter
★ 11K+
1
154
Clause (1)(e) BENAMI TRANSACTIONS
Auditing
answered on 19-Dec-25 09:48
Ma'am , if proceedings relating to benami property have been initiated under the Benami Act and the company has properly disclosed the same in the financial statements, does the auditor still have to report it under CARO 2020? For benami property under CARO 2020, does reporting depend on existence of proceedings or on improper disclosure? [Video Time Stamp: 18:24]
latest answer
Reporting is done by the initiation or pendency of proceedings under the Benami Act and not by improper disclosure. Even if proper disclosure is made, the auditor is required to report the existence of such proceedings.
Priya Dharshini
CA Inter
★ 720
1
175
Replacement Decision
AFM
answered on 17-Dec-25 10:56
Sir, since EAC represents the cost for one full year and is realised at the end of the year for the new machine, the existing machine should also be allowed to operate for at least one year for a meaningful comparison. Therefore, we considered NPVs from the end of Year 1 onwards to take the replacement decision. Am I right, sir [Video Time Stamp: 09:37]
latest answer
No Machine can be replaced now also in which case we have salvage value of 40K right away at point 0 Secondly EAC is arrived at by summing up all discount factors - you basically get a value at period 0 and not at end of period 1
Murali Thripuraboina
CA Final
★ 3K+
1
201
TOTAL NUMBER OF DAYS IN A YEAR
Costing
answered on 22-Dec-25 15:49
The question only mentions the number of days of bed occupancy are 150 days and 80 days which totals to 230 Days of the year. And for extra beds it didnt mentions any particular day. So it should be assumed there are 230 days in the year? [Video Time Stamp: 00:47]
latest answer
remaining days not occupied.
Vinod Kumar
CA Inter
★ 11K+
1
227
Section 158(A)
Indirect Taxation
answered on 19-Dec-25 19:33
Some bank ask GST Login details for Loan processing process to obtain turnover,List of creditors and debtors, Can we get consent from all our debtors before providing details to Bank or not required sir
latest answer
Ideally we should.
Sudhanbrabu T
CA Final
★ 0
1
191
Investment in Subsidiary Account
Financial Reporting
answered on 22-Dec-25 15:29
Hello Sir, this would be right if Amazon India is a Subsidiary of Amazon US. But what if there is a company say ABC Inc which holds 20% to 45% equity in and Indian company say XYZ Limited? It there is no subsidiary concept right, should we hit equity equity of XYZ Limited Account in that case?
latest answer
If no subsidiary then generally such transactions would not be entered into. The accounting will depend on how the transction is structured.
Shreyas Nayak
CA Final
★ 0
1
148
Doubt regarding expenses not deducted from calculation of NAV
AFM
answered on 17-Dec-25 11:52
Sir, why didn't we deduct 6.68 cr in calculation of NAV whereas we deducted fund operating expenses in computation of NAV in illustration 18 also and in various illustrations also we deducted fund operating expenses can you please explain sir
latest answer
Understood sir
siva chaitanya
CA Final
★ 13K+
2
164
Doubt
Financial Reporting
answered on 16-Dec-25 15:08
Shouldn't we transfer the difference in depreciation to rev surplus to retained earnings.. When we shld transfer the depreciation And wen oly the revaluation surplus on fair value is transferred..im confused plz explain sir
latest answer
Ok sir thnks
SHRUTHI CHINNI
CA Final
★ 140
5
175
Clause(xxi) [CARO]
Auditing
answered on 20-Dec-25 20:38
Ma'am , if Clause 21 of CARO 2020 is applicable, do we have to mention it in the audit report on consolidated financial statements? If yes, under which heading should it be reported? [Video Time Stamp: 02:42]
latest answer
It will be reported under ‘other matter paragraph’
Priya Dharshini
CA Inter
★ 720
1
177
Self review threat
Auditing
answered on 20-Dec-25 20:42
Mam, as you explained in this video that if an accountant having access to corporate assets for personal use why will it come under self review threat? it comes under self interest threat right as he is benefitting from that? [Video Time Stamp: 03:36]
latest answer
Access to corporate assets for personal use gives rise to BOTH threats: Self-interest threat -due to personal benefit Self-review threat -because the accountant may later review or rely on records relating to his own use of assets In Professional Ethics questions, ICAI often highlights the dominant threat as Self-review because it directly affects audit objectivity and reliability. ICAI focuses on the professional function that can get affected and not just the benefit. So you are not wrong, but icai highlights more on self review .
Syamala Yakkala
CA Final
★ 1K+
1
196