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SQC 1 and SA 220
Auditing
answered on 16-Aug-25 22:41
How to distinguish both these in the case study? Both these represent the same.
latest answer
No they don’t . One is at firm level for every type of engagement. Be it audit, review or non assurance as well . But SA 220 is only for audit . Responsibility in SQC 1 is of partners ( managing partners , CEO etc) In SA 220 , it’s engagement partner alone . One Is at firm level other is at engagement level!
Shankari C
CA Inter
★ 3K+
1
197
Optimal portfolio
AFM
answered on 17-Aug-25 12:40
Hi sir, In the previous problem, i.e, in the 67 problem, you said we use actual returns for the computation of sharpe formulae. Why we are doing all computions here for finding ER [Video Time Stamp: 24:54]
latest answer
Ok sir tq for reply.
sailusha ravikrindi
CA Final
★ 110
2
168
e^rt
AFM
answered on 14-Aug-25 12:49
Sir, instead of days, i took months in 't' for calculation and got the same answer. Which is preferable if nothing is specified in question about days? [Video Time Stamp: 11:01]
latest answer
E power rt
Banu Priya
CA Final
★ 6K+
1
159
BRS
Accountancy
answered on 19-Aug-25 14:30
Sir, we considered this as a liability account and solved entire sum, can we instead to maintain uniformity, treat the opening balance in OD as -ve number and apply the same logics of earlier sums? Meaning we had + Interest on OD, Bank Charges in this sum, while in regular sums we would have - it.
latest answer
https://www.youtube.com/watch?v=MlOUbwrkBag
Vignesh Venkatesan
CA Final
★ 5
2
199
Sec 90 SBO
Corporate & Other Laws
answered on 19-Aug-25 04:38
For the purpose of analysis, what should be the threshold for SBO: 10%(according to Rules) or 25%(according to the act)? [Video Time Stamp: 03:18]
latest answer
Ok Mam
Rahul Anand
CA Inter
★ 6K+
5
191
AS 29
Accountancy
answered on 13-Aug-25 20:37
Sir, what will be the journal entry for this particular illustration? [Video Time Stamp: 03:03]
latest answer
ok Sir
Rahul Anand
CA Inter
★ 6K+
2
190
Conversion Premium %
AFM
answered on 13-Aug-25 20:18
Sir ,in exam which of the below formula should be used to derive the Conversion Premium %, In ill-23 you mentioned both are correct. 1.Conversion Premium %= (Market Price of Debenture−Conversion Value)/Conversion Value. 2 Conversion Premium %= (Market Price of Debenture−Conversion Value)/Market Price of Debenture.
latest answer
Denominator is lower value Conversion value
Shinisha Rose R
CA Final
★ 5K+
1
197
AS 5 Change in Accounting Estimate
Accountancy
answered on 13-Aug-25 20:38
Sir, in Illustration 3 the question said that provision was Rs 700000 in P.Y. against which actual expenses incurred were Rs 900000. So, the actual just exceeded estimate. How is it a case of Change in Accounting estimate, because we didn't revise amount of provision? [Video Time Stamp: 00:54]
latest answer
Oh, ok
Rahul Anand
CA Inter
★ 6K+
2
177
Cash Book - Single and Double Column
Accountancy
answered on 11-Jun-26 10:11
Sir, in the triple column we learnt the contra entries. In the single and double column, would we directly record the cash deposit and withdrawal from bank in the amount column? Are we also required to write "C" besides them in the single and double column.
latest answer
for reference.
Vignesh Venkatesan
CA Final
★ 5
4
357
Financial statements
Accountancy
answered on 22-Aug-25 16:30
Sir, I have doubt about revaluation reserve in 9 th problem. why shouldn't we consider revaluation reserve from balance sheet extract
latest answer
Effective capital means the aggregate of the paid-up share capital (excluding share application money or advances against shares); amount, if any, for the time being standing to the credit of share premium account; reserves and surplus (excluding revaluation reserve)
Himaja Gudimalla
CA Inter
★ 5K+
1
156