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Buy Back - Advanced Accounting
Accountancy
answered on 13-May-22 11:25
In material Illustration 3, For transferring to CRR account we have to take the nominal. Value of the equity shares bought right? If so, in this illustration I don't know how they mentioned 3 lakhs as a nominal value for CRR account instead of 5 lakhs
latest answer
Yes
Manoj Raj
CA Final
★ 12K+
15
1K+
E way Bill
Indirect Taxation
answered on 11-May-22 18:32
In case goods are sent and after reaching the transporters warehouse in other state the sales has been canceled, can we directly issue E way bill if we are shipping it to other party in other state ? Do we have to generate E way bill separately for Sales return and then again for the sale ?
latest answer
Yes .Thank you
Sahana S
CA Final
★ 25
2
558
Sampling
Auditing
answered on 12-May-22 14:22
Can anyone explain this second point regarding desired level of assurance in simple terms
latest answer
As per my understanding they are saying this: Say you have a sample of 50 items from a population of 5000 items. Now before checking these 50 items, you decide that you are comfortable even if you find say 15 misstatements and you start checking. You find that the first 8 items are misstated. Here your tolerable limit is 15 but you have already found 8 misstated items. A prudent auditor will get suspicious here. Because by only checking few items you have got these many mistakes. If you start checking the whole population it may happen that you may find a material misstatement. When you find more and more mistakes it indicates a higher possibility of material misstatement in the whole population, irrespective of your tolerable limit. So the auditor will try checking more items, thus increasing the sample size.
Manoj Raj
CA Final
★ 12K+
3
474
Mtp2022
Indirect Taxation
answered on 12-May-22 19:28
Give explanation for answers of (iii) &(v)
latest answer
Thank u sir
Sajeetha R
CA Final
★ 46K+
7
528
Form of organizations
Economics
answered on 12-May-22 13:29
Is HUF considered a Separate legal entity or not?? Under which Act Hindu Undivided Family is governed?
latest answer
I hope now it is clear.
Tanya Batra
★ 7K+
9
570
Banking company
Accountancy
answered on 11-May-22 17:05
Sir, Can i get applicable CRR and SLR rates for this May 22 exams
latest answer
Here is the screenshot attached from RBI Portal.
Mahantesh Biradar
CA Final
★ 92K+
2
464
Deduction u/c VI-A
Direct Taxation
answered on 11-May-22 15:17
In 80CCD (1) and (2) what is salary, basic + D.A. % or T/O %
latest answer
Exempted
Harsh Mittal
CA Final
★ 1K+
5
473
Npo
Accountancy
answered on 12-May-22 16:29
Answer to the question attached..
latest answer
But that is not an appropriate assumption.
Sugam SM
CA Final
★ 9K+
7
448
Investment chapters
Accountancy
answered on 12-May-22 16:22
Sir investment a/c is debit nature if it increases will debit it and decrease we credit but why interest received is credited in investment a/c it has increasing rite ??
latest answer
Yes. One column for Investments Second one for Interest
Tyson Theclam
CA Inter
★ 0
3
433
Pgbp
Direct Taxation
answered on 11-May-22 13:07
Can we take deduction for gst paid under pgbp
latest answer
If its related to business, an if ITC is not claimed, yes
Pantham Nagesh
CA Inter
★ 4K+
2
514