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Classification
Financial Reporting
answered on 18-Mar-25 07:58
[@ 10:11 and @ 10:46] Sir, for derivatives, the previous lectures and the definitions for FA & FL, do not seem to be discussing these two (highlighted) cases. Are they also FA/FL, as the case may be?
latest answer
OK. Thank you, sir.
Denz Philip
CA Final
★ 10K+
4
188
Change in Terms of Engagement
Auditing
answered on 17-Mar-25 07:41
When Engagement Letter is drafted and agreed by Mgmt and Auditor for the first time does it has Legal binding? If so what happens if the Auditor never agrees for a change even requested by the Mgmt?
latest answer
It’s a legally bound contract. Auditor will not agree only if it’s something beyond his professional duties. He has the right to withdraw the engagement in these cases. This scenario is discussed with examples in SA 210
Kowshik S
CA Inter
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1
230
Tally updating
Others
answered on 17-Mar-25 09:38
how to update tally in server
latest answer
can you elaborate your query?
mohan babu
CA Final
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1
212
video not working
Others
answered on 24-Jul-25 11:30
not able to watch this Video...
latest answer
Pls check now
mohan babu
CA Final
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3
269
How to tax
Indirect Taxation
answered on 21-Mar-25 20:07
Sir,how we tax the two cases 1,2 (Gst on 20000 separately and 100000 separately like generate two invoices in two dates) I'm right or wrong please confirm sir
latest answer
Thank you very much sir for clarity
Santoshkumar Kalisetti
CA Final
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2
215
Why entries not for transaction cost
Financial Reporting
answered on 17-Mar-25 09:37
Is this not required to JE for transaction cost
latest answer
It is recorded at net amount. So separate entry for transaction cost is not required.
Ramamoorthy Kaliyaperumal
CA Inter
★ 3K+
1
201
Holding company and Subsidiary
Corporate & Other Laws
answered on 17-Mar-25 09:48
Please see the photo and explain the reason briefly
latest answer
“subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company— (i) controls the composition of the Board of Directors; or (ii) exercises or controls more than one-half of the total voting power either at its own or together with one or more of its subsidiary companies: The words used is either on own or together with subsidiaries. So a subsidiary can be controlled through another subsidiary as well - without directly owning any stake
Chan Dra
CA Final
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4
231
Illustration on Cash Flow Hedge
Financial Reporting
answered on 16-Mar-25 16:27
Why are the FV gains/losses taken to OCI?
latest answer
Say - A company forecasts to make a purchase in USD in 6 months. It enters into a forward contract to hedge against changes in the exchange rate. There is a gain on forward contract. The transaction of purchase has not yet happened and has not impacted the P&L yet. Hence the gain or loss on such hedge is recognised in OCI.
Ruthvik Reddy Adala
CA Final
★ 5K+
1
177
MCQ
Indirect Taxation
answered on 21-Mar-25 12:09
Place of supply MCQ'S are not available to solve on app in MCQ window
latest answer
Ok. Will get them added.
Shwetha Ram
CA Inter
★ 6K+
2
212
SELF-PACED ONLINE MODULE TEST (SPMT)
Exams
answered on 16-Mar-25 12:54
Sir I have passed PE-2 both groups in 2006 completed articleship and registered for final in 2007 and completed AICITSS in 2022. But after registering for Final since 2007 I did not appear in any Final exams but had applied earlier. Do I need pass SET A&B of SELF-PACED ONLINE MODULE TEST (SPMT) if I want to appear in First group only in 2025.
latest answer
No
Noushad ck
CA Final
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1
308