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Reversal of impairment
Financial Reporting
answered on 21-Jan-25 10:04
While reversing the impairment loss, on which basis I should decide to allocate like whether to go with type 1(i.e, calculate the carrying amount without impairment and compare) as per qn or type 2( split the impairment loss as per the ratio of carrying value) as you changed the recoverable amount to 9 lakhs.
latest answer
You will consider the carrying amount before after impairment and subsequent depreciation.
Pradeepa Narayanan
CA Final
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Can the new auditor who was hired after casual vacancy of previous auditor be hired again during the AGM?
Auditing
answered on 16-Jan-25 23:12
Can the new auditor who was hired after casual vacancy of previous auditor be hired again during the AGM? If yes will it be the same terms of 5/10 years?
latest answer
Yes
Manu Jacob
CA Final
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298
For a firm the term is 2 terms of 5 years
Auditing
answered on 16-Jan-25 23:13
For a firm the term is 2 terms of 5 years. So if there is a break in the 3rd year of first term, will he get to audit 2nd term of 5 years?
latest answer
Yes it’s continuous 2 terms of five years. Break in one is considered to be completion of first tenure
Manu Jacob
CA Final
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278
Exam preparation
Others
answered on 17-Jan-25 11:22
Is it possible to clear inter both groups with 2 months of preparation
latest answer
Thank you
Shwetha Ram
CA Inter
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289
Forex - Illustration 77
AFM
answered on 17-Jan-25 09:58
How to interpret the txn " Draft on London cancelled" as it is in the Purchase column of the exchange position
latest answer
Yes
Vigneshwar M
CA Final
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271
Sir 99y after flats ka kaya hota hai sir
Direct Taxation
answered on 20-Jan-25 23:11
Flats ko diminishing after sir all flats owner come together create one society then give money to engineer to building create flats sir
latest answer
It is pure construction contract by society to engineer.
R G
CA Final
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Conclusion sir Means sir if > 12m hoga to LTCG ,>24month LTCG ,>36 MONTHS LTCG
Direct Taxation
answered on 20-Jan-25 23:11
<= 12 months hoga to STCG, <=24 months hoga to STCG ,<=36Months hoga to STCG SIR MY conclusion correct
latest answer
Yes right.
R G
CA Final
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254
For firm can partner be same?
Auditing
answered on 16-Jan-25 23:14
For firm can partner be same for the 2 terms of 5 years?
latest answer
Yes. But threats have to he evaluated. If familiarity threat develops, there needs a change
Manu Jacob
CA Final
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214
Doubt
Auditing
answered on 22-Jan-25 20:28
To register as network, for eg KPMG i. Who initiates form A, is it BSR or KPMG who starts the process ii. Who is doing all procedures with ICAI iii. Is the network name KPMG or BSR and affiliates Please explain
latest answer
KPMG will do it And structure name is also KPMG .
Manu Jacob
CA Final
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314
Sir my Q sir when company buy back sir is compulsory or optional investor nothing but unit holder choice to give back to company or compulsory to give back unit to company sir
Direct Taxation
answered on 20-Jan-25 23:12
Or sir is this concept buy back same as account concept law concept
latest answer
Buyback is like an open offer.
R G
CA Final
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