Forums
Clause 10 , Part 1, Second schedule
Auditing
answered on 04-May-25 14:17
Mam, If Client has given the money for two purposes, ex : Advance tax and GST payment , but at time of GST payment the money is not sufficient so CA has used the client money which has given for Advance tax. Is this fine mam ?
latest answer
The money was given for a specific purpose Using it for a different purpose (GST), even for the same client, amounts to: -Breach of fiduciary duty. -Violation of the intended use of client funds. So he will be guilty
Sai Vema
CA Final
★ 108K+
1
243
BUSINESS LAWS- 5 marks query
Others
answered on 06-May-25 17:03
suppose there is a qs asking legal rules for consideration for 5 MARKS (in module 8 points given) so in exam should we write 5 points or as many points as possible???
latest answer
yes
Viswas
CA Foundation
★ 470
3
232
Cash flow statement
Accountancy
answered on 02-May-25 11:37
Foreign exchange loss treatment In operating activities it need to be add with net profit and its other effect should be adjusted with cash balances?
latest answer
Ok Sir thank you
Bhavani Jagadeeshan
CA Inter
★ 2K+
2
326
DOUBLE SHIFT WC REQUIREMENT
Financial Management
answered on 03-May-25 11:02
Sir can you explain clearly why wip units do not change with an example or something
latest answer
thank you sir.. understood now... crystal clear clarity
Preethi S
CA Inter
★ 2K+
2
261
probability
Maths & Stats
answered on 02-May-25 15:10
I don't understand how the probability of making profit is 0.85? Please explain.
latest answer
Ok sir
Asmita Kar
CA Final
★ 7K+
2
223
IND AS 23
Financial Reporting
answered on 02-May-25 12:00
Sir in this question whether it is considered as specific borrowing or general borrowing,
latest answer
Assumed general.
R Yashwanth Kumar
CA Final
★ 87K+
1
271
IND AS 23
Financial Reporting
answered on 01-May-25 19:11
Sir in this question is it considered as General Borrowing or Specific Borrowing,
latest answer
General for four phases
R Yashwanth Kumar
CA Final
★ 87K+
1
248
Consolidation
Financial Reporting
answered on 01-May-25 16:52
In a chain holding consolidation, P has an 80% stake in S1, and S1 has a 55% stake in S2. In this situation, does P consolidate S2? My doubt is whether the holdings percentage is checked from the parent’s point of view or the subsidiary’s point of view.
latest answer
P will consolidated both S1 and S2.
kathiresh V
CA Final
★ 15K+
1
273
cost calculation
Financial Management
answered on 01-May-25 18:29
why didnt we deduct the interest expense of debentures from the revenue while calculating the pbt sir? we also know the investment value and proportions
latest answer
If project NPV is computed we are working on project cash flows so these are CF that are available to all financiers
Venkatesh
CA Final
★ 0
1
200
Clause -4 , Part -1 , Schedule 2
Auditing
answered on 02-May-25 00:44
Mam, If a director of a ABC ltd company joined as a partner in CA firm which is audit firm of ABC ltd, can the Firm continue as auditors of that company ?
latest answer
No they cannot. It’s self interest and familiarity threat.
Sai Vema
CA Final
★ 108K+
1
220