Forums
Opt out
Exams
answered on 12-Nov-20 21:22
What is the last date for the opt out option for xams starting from nov21st.!?
latest answer
Thank you sir...
Indhu Balraj
CA Inter
★ 250
2
775
Need clarification on Cost Records to be audited
Auditing
answered on 15-Nov-20 17:14
X Pvt. Ltd, belonging to Regulated Sector, has overall annual turnover of Rs 95 Lacs in the year 2018-19. Its products A, B and C generated aggregate turnovers of Rs 25 Lacs, 10 Lacs and 30 Lacs respectively in their individual capacity in the same year. Does the company have to get its cost records audited in 2019-20? Will any such Q come?
latest answer
Sir is that because prdt b has an individual turnover less than 25 crore, cost audit not applicable
Kumarjit Dey
CA Inter
★ 4K+
3
644
How to install app in ios
Others
answered on 12-Nov-20 21:00
How to install 1fin app in ios ???
latest answer
The app is available on app store - we have an iOS app for mobile & tab . We do not have an app for Mac books
baranitharan b
CA Final
★ 21K+
1
593
Doctrine of ultra vires
Corporate & Other Laws
answered on 12-Nov-20 19:21
Can u explain the sentence in bracket
latest answer
If a companyâ??s memorandum of association states that the company cannot trade in vegetable oil but the company enters into contracts to buy vegetable oil and does not pay the seller, seller cannot sue the company for honouring the payment. Also the company cannot sue the seller if quality of oil is bad. Sue means filing a legal case
Shruthi V
CA Inter
★ 0
1
1K+
Factors to be considered for Substantive "Audit" (i.e. ToD included) Procedures or only Analytical procedures?
Auditing
answered on 13-Nov-20 15:17
In page 8.7 the heading of the topic number 3.1 is: "Factors to be considered for Substantive Audit Procedures" Does it cover factors to be considered for Test of Details as well? PS: I have created a mnemonic "SPAIN" to help myself remember this. Hope it helps you too :D
latest answer
Yes
Kumarjit Dey
CA Inter
★ 4K+
3
772
Analytical Procedures
Auditing
answered on 12-Nov-20 21:24
And I quote from the book: "Analytical procedures are required in the planning phase and it is often done during the testing phase. In addition these are also required during the completion phase." I have a couple of fundamental questions related to the line quoted above, because no further explanation is provided in the book. 1ã??Does "Planning phase" refer to the phase when auditor conducts Risk Assessment Procedures (i.e. when it understands the entity and related Internal Controls and drafts the Audit Programme)? 2ã??Does "Testing phase" refer to the phase when auditor conducts other Substantive Procedures like Test of Details? 3ã??Does "Completion phase" mean the phase near end of audit when he starts to prepare Audit file? You are requested to answer by Y/N for each question. If No, provide a brief explanation.
latest answer
Planning phase refers to the period before actual execution of audit. RAP would be a part of this. Testing phase is where Substantive procedures are carried out. Completion is where the audit is nearing conclusion and auditor forms his/her opinion.
Kumarjit Dey
CA Inter
★ 4K+
1
662
Mtp
Others
answered on 15-Nov-20 13:20
Sir why no mtp for economics bck in indigo learn.
latest answer
Thank you
Sri kanaga Varshini
CA Final
★ 3K+
2
842
Leap Year
Accountancy
answered on 13-Nov-20 09:18
If an year given in the question in Average due date or Account Current is a leap year, eg.2016. Do we need to consider it as leap year even if it is not specified in the question as leap year.
latest answer
Thank you Sir.
ALDRIN G
CA Inter
★ 12K+
5
665
Account Current.
Accountancy
answered on 13-Nov-20 20:47
1) In question, will they ask to do the Answer in a particular method of date calculation, Do we need to learn both methods of date calculation. 2) In backward method of date calculation, we should take the first transaction date or first due date,which one as base date. 3) Can backward method of date calculation be used in Interest method also or only in product method.
latest answer
OK sir
ALDRIN G
CA Inter
★ 12K+
6
644
Doubt IN nov 19 question
Financial Management
answered on 12-Nov-20 12:12
Net expected dividend D1 only na . 2/25Ã?100 + 5% Am i corerect.see the question
latest answer
Net expected dividend is D0
Harish Hari
CA Final
★ 6K+
1
684