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Case law
Indirect Taxation
answered on 22-Nov-24 19:49
Sir, should we quote the name of the case law each time in such questions during exams. Are marks allocated for this?
latest answer
Yes. At CA Final level, case laws are important.
Aarthiy Muralidharan
CA Final
★ 4K+
1
522
Audit Programme
Auditing
answered on 18-Nov-24 20:20
From a broader perspective, how does the Audit Programme relate to the Audit Strategy and Audit Plan? Is it prepared before the Audit Strategy and Plan?
latest answer
First audit strategy, then plan. Program is a detailed set of instructions to be followed by the engagement teams. It will include who should perform, when, what procedure , coordination etc.
Vishnu Muraleedharan
CA Final
★ 32K+
1
502
Cost of Capital
Financial Management
answered on 18-Nov-24 22:02
Vishnu & Narayan LTD provide the following details. Cost of Equity = 12 % and Flotation Cost is 3.5 % Dividend per Share ₹3 Growth Rate 10 % Corporate Tax Rate 35 % Personal Tax Rate 20 % You are required to Calculate the Cost of Retained Earning.
latest answer
Yes Sir. Both answers are Correct.
Rana Darshan
CA Final
★ 810
5
433
Whether substantial capacity or not
Financial Reporting
answered on 17-Nov-24 20:57
In the illustration, 95% of capacity is considered as substantially all the asset. So what is the minimum percentage of capacity required to satisfy this condition?
latest answer
Generally 90%
Manu Jacob
CA Final
★ 6K+
1
363
January 25 exam
Direct Taxation
answered on 18-Nov-24 09:00
Sir can I write direct taxation exam in January 25 as per new book(October 24 edition)
latest answer
October 24 edition is applicable from May 2025 onwards. For Jan 25 exams you can use June 23 edition with statutory updates.
Ajaykumar Parit
CA Inter
★ 815
2
437
Third Balance Sheet
Financial Reporting
answered on 19-Nov-24 14:29
Sir, it is confusing to remember when to prepare the third balance sheet. Could you summarise in what situation does we require to prepare the third balance sheet
latest answer
Yes
Hrishikesh Pradhan
CA Final
★ 18K+
6
523
doubt relating to cost of retained earnings and cost of equity
Financial Management
answered on 18-Nov-24 09:25
sir, in this question, there are two ways in computing cost of equity so, are these both are correct?
latest answer
Depends on question - if they say current dividend then it is D0next year dividend is d1 If not clear then make an assumption & state it
Nagachaitanya Nomula
CA Final
★ 8K+
1
661
Illustration 8
Accountancy
answered on 18-Nov-24 16:42
In the exam Can we present values in Full?
latest answer
Yes.
Shivashankar Jawai
CA Inter
★ 2K+
1
482
Objectivity and independence
Auditing
answered on 17-Nov-24 18:29
Pls Check whether my pov is correct: Objectivity: any conclusion or opinon that the auditor reached should contain solid evidence and facts, it shouldn't be based on personal interest Independence:auditor should not be influenced by any party or by anything. Why does sometimes i feel both of the above are same? Pls someone help me out on this?
latest answer
Independence is a broader perspective for objectivity. Objectively simply means- based on evidence obtained , give opinion. No other factors should affect the decision of auditor. Independence in both- in mind and appearance. They are inter related. When we study threats to independence, we used the language not to compromise on objectivity. So they are not totally different. Your PoV is correct
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
624
BRS
Auditing
answered on 17-Nov-24 18:30
Is it cheque issued but not presented by the bank?
latest answer
Yes . Cheques issued in the month of March, due for clearing in month of April. Basically year end, where cut off and completeness has to be checked. It’s an indicator, if such paid is really due or not
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
609