Forums
Missing video lecture
Corporate & Other Laws
answered on 06-Feb-21 17:28
Sir in Indian partnership act unit 1 distinguish between partnership and other forms of organization topic is missing in CA foundation
latest answer
Difference between partnership and joint stock company is covered under video 40 in Companies Act, 2013 module. Difference between parnership and LLP is in video 5 in LLP Act module, the difference with other forms is in video 4 of module 14 i.e. Registration & Dissolution of firms
sai t
CA Foundation
★ 2K+
3
607
Regarding GST practitioner
Exams
answered on 04-Feb-21 19:02
CS completed students or pursuing students eligible for GST practitioner
latest answer
A Chartered Accountant, Cost Accountant or a Company Secretary are eligible. YOu need to complete.
Suryakanthi Sornalatha T
CA Inter
★ 5K+
1
657
Rectification of error
Accountancy
answered on 03-Feb-21 12:02
When do we need to use p&L adjustment account for rectification of errors
latest answer
For rectifying the errors detected in the next accounting period, a special account 'Profit and Loss Adjustment Account' is opened for correction of amounts relating to expenses and incomes.
nisam M
CA Final
★ 23K+
1
557
May 21 exam eligibility
Others
answered on 03-Feb-21 08:55
Sir I'm studying 12th class. In my state, Government announced our 12th class exams will be held in may 6th to may 19th. But what about my ca foundation? What if foundation exam will be held in may? What should i do sir!?
latest answer
Ok sir
Meda Jeevansai
CA Final
★ 21K+
3
585
Appointment of first auditor
Auditing
answered on 04-Feb-21 10:27
Can auditor(first auditor) deliberately (without reason ) leave without completion of 1 year tenure sir
latest answer
No, cannot leave the company without giving reasons. If he does so, legal actions of penalty and imprisonment would be taken based on the circumstances therein.
M Naresh
CA Final
★ 3K+
1
639
Video problem
Others
answered on 02-Feb-21 20:35
Coming invalid request, while opening videos
latest answer
Thanks sir
siva chaitanya
CA Final
★ 13K+
4
600
SA 240
Auditing
answered on 04-Feb-21 10:22
If fraud value less than 1 crore does auditor need to report Central govt sir
latest answer
In case of a fraud involving less than Rs.1 crore, the auditor shall report the matter to Audit Committee or to the Board immediately but not later than two days of his knowledge of the fraud and he shall report the matter specifying the following:- (a) Nature of Fraud with description (b) Approximate amount involved and (c) Parties involved.
M Naresh
CA Final
★ 3K+
2
768
Written representation SA- 580
Auditing
answered on 23-Feb-21 21:29
When will the auditor ask general written representation from mgmt ?
latest answer
You can refer to the notes after the class. Also make short notes while listening to lectures.
M Naresh
CA Final
★ 3K+
4
777
Input Tax credit Claiming?
Indirect Taxation
answered on 02-Feb-21 20:32
If our company book purchase order to another state located company . Supplier supplies material on the date of 28 the month & Invoice raised on that day but we receive material on 2nd date of next month ,So I entered purchase bill journal passed on 2nd date,.i.e received date . So,which month I can claim the input GST invoice raised month (28) or received date (2) .
latest answer
In order to claim ITC, conditions given under section 16 needs to be satisfied. One such condition is â??Good or services must be receivedâ??. If they are not received then credit can be claimed only in the month in which they are received. Even though itâ??s reflecting we should take credit in next month only
Gopireddy Damodharreddy
CA Inter
★ 2K+
5
673
Accumulated depreciation
Accountancy
answered on 02-Feb-21 19:13
Why accumulated deprecaition method is used , what are advantages , if accumulated deprecaition is used then in balancesheet cost of the asset is shown know then it will not reflect the true picture know
latest answer
Or else the balance sheet would have shown only the net value of the asset
nisam M
CA Final
★ 23K+
5
688