Forums
112A Rate
Direct Taxation
answered on 24-Aug-22 10:45
Does 112A have tax rate at 20% or 15% for Nov 22 Attempt ?
latest answer
It is 20% only
harkirat singh
CA Inter
★ 1K+
7
491
.
Accountancy
answered on 23-Aug-22 16:40
Hlo sir i completed upto trial balance in accounts so now can i listen final accounts or I should follow chapter wise which one is better?
latest answer
Ok
Vamshi Kumar
CA Final
★ 1K+
4
425
Is Principal Approval required for Intermediate Exam applied?
Exams
answered on 16-May-23 09:49
Hi Friends, I have applied for Nov 22 Intermediate Exams and have completed more than 9 months of articleship (I had already uploaded the certificate of service when I took the exams in MAY 22 attempt) Now, my principal stated that he is not able to approve my exam form as it is not reflecting in his Member's portal. Does my exam application require principal's approval for me to appear for exams? Kindly advice
latest answer
So were you able to appear for exams or not?
Nithin Prasad
CA Inter
★ 510
9
6K+
Controls
Information Systems
answered on 23-Aug-22 16:57
Kindly explain configuration, masters and transaction with simple examples
latest answer
Thank you..
Pushkala S
CA Final
★ 3K+
2
501
Partnership dissolution
Accountancy
answered on 23-Aug-22 15:13
What is realization A/c ? , For what it is prepared ?
latest answer
bro ***Realization Account is prepared at the time of dissolution of a partnership firm. This account is prepared to know the profit made or loss incurred at the time of dissolution of a firm. *** All the assets except cash and bank a/c are transferred to the debit side of realization account and liabilities (not capital accounts) are transferred to the credit side of realization account. When assets are sold cash/bank A/c is debited and Realization A/c credited. *** On settling the liabilities Realization A/c is debited and Cash/Bank A/c is credited. In last if total of credit side exceeds debit side, it means there is profit and that is transferred to partner's capital accounts. In case of loss, the partners' capital accounts are debited and Realization A/c credited.
Bachina Vignesh
CA Inter
★ 7K+
2
936
Sa 520
Auditing
answered on 23-Aug-22 14:19
While carrying out the statutory audit of a large entity,what are the substantive procedures to be performed to assess the risk of material misstatements??
latest answer
Auditing standards don't specify what types of planning analytics to use. Analytical procedures are used as substantive procedures when the auditor considers that the use of analytical procedures can be more effective or efficient than tests of details in reducing the risk of material misstatements at the assertion level to an acceptably low level. Analytical procedures are performed as an overall review of the financial statements at the end of the audit to assess whether they are consistent with the auditorâ??s understanding of the entity. Final analytical procedures are not conducted to obtain additional substantive assurance. If irregularities are found, risk assessment should be performed again to consider any additional audit procedures are necessary. Analytical procedures - (i) set and document overall expectations based on past changes, management discussions, company minutes, etc (ii) compare prior period numbers to creating risk assessments at the financial statement reporting level.. (iii) add any key industry ratios tracked by management and those charged with governance (iv) summarise conclusions. These conclusions may indicate risk of material misstatement.
Lakki Kamu
CA Final
★ 4K+
1
571
Companies act 2013
Corporate & Other Laws
answered on 23-Aug-22 15:32
Affixing of common seal on company documents compulsory. This statement is correct or incorrect
latest answer
Common seal is not compulsory.
Ritika Chaudhary
CA Foundation
★ 170
7
562
Doubt Regarding SLR and CRR
Accountancy
answered on 03-Nov-22 12:48
What are the applicable CRR, SLR rates for Nov 2022 exams
latest answer
4% CRR and 18% SLR
Naman trivedi
CFA L1
★ 55
3
1K+
#18 Question for the day (Auditing-Inter)
Auditing
answered on 24-Aug-22 12:26
ABC Limited is engaged in the business of manufacture of Bags and Belts. CA Dinesh is appointed as an auditor of ABC Limited for the year 20X1-X2. CFO of ABC Limited approached CA Dinesh with following details while finalizing the books of account of the Company as on 31st March, 20X2: Rate of Gross profit on sales - 20% FY 20X1-X2 and 8% for FY 20X0-X1. Describe any four steps that CA Dinesh should carry out to satisfy himself on the sharp increase in rate of gross profit on sales as compared to the previous year.
latest answer
It's done mam
Sudha Reddy
CA Final
★ 20K+
6
606
What is E voting
Corporate & Other Laws
answered on 23-Aug-22 12:18
Can someone explain what is E voting
latest answer
Electronic voting (also known as e-voting) is voting that uses electronic means to record the votes of members in a electronic register in centralized server with high a Cyber security. Example: Electronic voting machines (also called EVM) or computers connected to the Internet. Remote e- voting :means the facility of casting votes by a Member using an electronic voting system from a place other than venue of a general meeting.
Dhakshana Dhakshana
CFA L2
★ 18K+
4
444