Forums
Review
Auditing
answered on 05-Dec-24 10:02
Is Verifying Projection of Financial Statements for 3 years will come under Limited Assurance ?
latest answer
Review is only for historical data. Not for projection: Both audit and review are for historical data .
Harish Kumar
CA Inter
★ 17K+
7
656
Types of GST
Accountancy
answered on 26-Nov-24 16:09
If someone is paying the IGST along CGST then also did he or she has to pay SGST
latest answer
If a transaction requires IGST - it will not require CGST or SGST If a transaction requires CGST, it will require sgst as well.
Akshara Agrawal
CA Foundation
★ 180
1
222
ITC & Outward tax liability
Indirect Taxation
answered on 26-Nov-24 15:46
Query: Im doing business of sale of power (electricity)...for this business i purchase solar power plant(already have 3 plants).after 2 months, the customer didn't want the electricity from us..so i dont need this solar power plant..so i want to sell this plant.. Option 1: Even though i only do exempt supply( sale of electricity).. can I take ITC in this purchase, and when asset sold, i need to pay output liability( like set off) Option 2 : Bcoz of exempt supply, i shouldn't take ITC for this asset ..so i capitalised the amount ..when i sold the asset.. i will pay output liability in cash.. Which option is correct as per GST?
latest answer
Option 2.
sameer fahad
CA Final
★ 5K+
1
658
Doubt
Financial Reporting
answered on 25-Nov-24 20:26
In this example the refund liability is created at 10% (10,000). What happens if actual refund % is 25%. Will additional income of 15,000 be reversed?
latest answer
Yes
Manu Jacob
CA Final
★ 6K+
1
562
Set C
Others
answered on 26-Nov-24 16:03
How to change the subject choosen in set C at the time of registering for final.
latest answer
ICAI has not provided guidance on this. Please create a helpdesk ticket on ssp portal
Ashwini Ashu
CA Final
★ 10K+
1
547
Internal Reconstruction
Accountancy
answered on 25-Nov-24 20:27
Why have we not provided journal entry for arrears of preference dividend? (Point iii)
latest answer
If the question states that arrears of preference dividend is payable, then you need to pass an entry for the same.
Sagar Kathuria
CA Final
★ 3K+
2
1K+
SPOM
Exams
answered on 25-Nov-24 17:04
Hello, I completed my CA Inter First group in May2023, and Second group in September 2024...I'm appearing for CA Final in May2026 . How many SPOM Papers do I need to write (all four or only Two papers)..kindly mention the subjects
latest answer
All 4
Seema Viswanathan
CA Final
★ 1K+
1
665
Audit and auditors
Corporate & Other Laws
answered on 28-Nov-24 00:20
What is the meaning of transitional period
latest answer
Its the time allowed by government to comply with amendments in law. Example: Lets say a Law is passed in 2013 & 6 months are allowed to comply with new law and make changes to existing systems that were running as per previous law. This 6 month is trans. Period
Lucky Ten
CA Inter
★ 0
2
562
Carrying value under FVOCI
Financial Reporting
answered on 25-Nov-24 18:24
Sir, Why are we remeasuring the Carrying value as per Fair value?
latest answer
Because the entity has exercised choice to measure it at FV
Gunda Sharan
CA Final
★ 150
1
181
Accounts of company
Corporate & Other Laws
answered on 25-Nov-24 15:01
I didn't understand this question nd ans
latest answer
The question is saying that the company plans to stop giving its Internal Auditing work to an external party, and start doing it by themselves The significance is just to let us know that internal audit function can be outsourced or done in house
Lucky Ten
CA Inter
★ 0
2
516