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answered on 06-Sep-22 15:53
Is ICAI texbook questions enough for BCK mcq exam.....or we need to solve from other also.
latest answer
Please check the MCQs on 1FIN app
Vikas Patwari
CA Foundation
★ 3K+
6
527
# 29 Question for the Day (Inter)
Auditing
answered on 07-Sep-22 10:38
As an auditor of listed company, what are the matters that the auditor should keep in mind while determining "Key Audit Matters"? (3 marks)
latest answer
Correct Answer As per SA 701 -Communicating Key Audit Matters in the Independent Auditorâ??s Report, the auditor shall determine, from the matters communicated with those charged with governance, those matters that required significant auditor attention in performing the audit. In making this determination, the auditor shall take into account the following: (i) Areas of higher assessed risk of material misstatement, or significant risks identified in accordance with SA 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment. (ii) Significant auditor judgments relating to areas in the financial statements that involved significant management judgment, including accounting estimates that have been identified as having high estimation uncertainty. (iii) The effect on the audit of significant events or transactions that occurred during the period. The auditor shall determine which of the matters determined in accordance with above were of most significance in the audit of the financial statements of the current period and therefore are the key audit matters.
Sudha Reddy
CA Final
★ 20K+
1
666
Regarding solutions
Economics
answered on 14-Sep-22 10:37
Does anyone has all the illustrations solution which is being worked out in class section.pls share it
latest answer
Refer module solutions
Aravindh Kumar
CA Inter
★ 4K+
4
558
Doubt on a case law of unit -3 Indian Contract Act
Corporate & Other Laws
answered on 06-Sep-22 14:06
I didnâ??t understand this case law associated with the topic - different situations where a person is deemed to dominate the will of the other .
latest answer
Ok sir got it
sradha krishna sunil
CA Final
★ 5K+
6
553
GST applicable or not
Indirect Taxation
answered on 06-Sep-22 11:10
In case of alcohol transfer from one business unit to another then in that case is gst applicable?
latest answer
GST applies to the supply of all goods and services. However, liquor meant for human consumption is kept outside its purview.
Arun Seelam
CA Final
★ 4K+
2
506
RATIO ANALYSIS
Financial Management
answered on 06-Sep-22 07:49
Could anyone provide a logical reason as to why , in RETURN ON ASSETS AND RETURN ON CAPITAL EMPLOYED , interest is included .
latest answer
Capital employed is debt and equity. So the return is being calculated for both. Hence interest is not deducted.
Junaid Sherif
CA Final
★ 7K+
1
500
Permutations
Maths & Stats
answered on 06-Sep-22 10:00
Can anyone tell me the answer with understanding solution for question number 9 which given in below image If any short cut I'd there for that 9th sum. Anyone tell me the ans. Thanks in advance:)
latest answer
Ok sir
Balachandar S
CA Inter
★ 59K+
5
612
Market Capital
Accountancy
answered on 05-Sep-22 22:39
What is Market Capital??
latest answer
Market capâ??or market capitalizationâ??refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares.
Prathmesh kharul
CA Foundation
★ 3K+
1
583
Overhead
Costing
answered on 07-Sep-22 11:13
Here, overheads by cost records is 120000.By financial records,125000. Then while reconciling why are we taking the balancing figure in OH A/C?
latest answer
It is under absorption
Shankari C
CA Inter
★ 12K+
23
605
Accounts
Accountancy
answered on 05-Sep-22 22:01
Cash account has which balance
latest answer
Since Cash is an asset account, its normal or expected balance will be a debit balance.
Bindu Meghana Popuri
CA Inter
★ 0
4
586