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Treasury management
Financial Management
answered on 02-Jan-25 14:30
Illustration 9 Please explain the uncleared funds float part
latest answer
Uncleared funds are basically cheques that you deposit into bank but you will get credit after 3 days In Books of accounts moment you deposit or issue a cheque entry is made, but in bank account money is added / reduced only after a few days There will be a diff between bank balance as per books & Bank ( BRS of ca foundation) Here they are asking you forecast balance as per books of accounts
Elavarasi B
CA Inter
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1
1K+
SPOM
Exams
answered on 02-Jan-25 07:07
I appeared for CA inter exams on nov 23 and cleared both the groups on that attempt . Which Modules of spom i am required to give? Is set C & D exempted for me?
latest answer
Not applicable
Aditya Mittal
CA Inter
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1
1K+
AS 5
Accountancy
answered on 02-Jan-25 07:47
A company initially assumed that it would not continue as a going concern and prepared its financial statements using the NRV basis for a FY but later in the next FY the assumption changes and it is confirmed that the company will continue as a going concern. In this case, is this a change in accounting estimate or change in accounting policy?
latest answer
Estimate
Sharon M Jacob
CA Inter
★ 1K+
1
898
Reassessment of reasonable certainty by lessee.
Financial Reporting
answered on 03-Jan-25 14:51
Timestamp @ 00.08, Sir, is it 'NOT WITHIN' the control OR 'WITHIN' the control of the lessee?
latest answer
Noted, sir. Many thanks.
Denz Philip
CA Final
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2
347
Difference between haphazard and random sampling
Auditing
answered on 06-Jan-25 11:57
What is the difference between haphazard and random sampling
latest answer
Haphazard is non statistical sampling. It’s arbitrary picking of samples based on auditors judgement or experience. Very less reliable . Random is statistical sampling where each item has equal chance of getting selected. Like using random number table, or ransom number generator etc. more reliable method .
Manu Jacob
CA Final
★ 6K+
1
2K+
Why SAP cannot be used on government entities
Auditing
answered on 05-Jan-25 23:23
Can you please provide a little more clarification/explanation as to why SAP cannot be used for government entities.
latest answer
Usually in government entities you ll not be able to relate income and expenses as clearly as that of regular entities. For every income, they is expense or for every expenditure incurred, asset getting created. a plausible relationship cannot be established . So sap is not suitable
Manu Jacob
CA Final
★ 6K+
1
262
Terminology understanding
AFM
answered on 01-Jan-25 18:24
In this question, mix means market return right?
latest answer
yes
Hrishikesh Pradhan
Qualified CA
★ 18K+
1
938
Borrowed amount
AFM
answered on 01-Jan-25 15:21
Why had we taken the borrowed amount in negative
latest answer
If I borrow 10 k and add own money 10k and invest in stocks on. Day zero value of stocks is 20k If stock go up by 10% then value of stocks is 22k In case 1 value of full portfolio 20k-10k equity investment minus borrowing In case 2 value of full portfolio is 22k - 10 k borrowing =12k In entire finance we treat loans as negative value
Hrishikesh Pradhan
Qualified CA
★ 18K+
1
1K+
Tax liability
Direct Taxation
answered on 10-Jan-25 16:08
If the question is silent about the calculation of tax liability either in new or old tax regime then which tax regime should we use to calculate tax liability
latest answer
Thank you
Mukesh Kumar
CA Inter
★ 0
2
779
Capital budgeting
Financial Management
answered on 01-Jan-25 10:49
Q.no 36 question is not explained directly jumped into the answer
latest answer
We have added the Question video before it. Kindly check and let us know in case you have any further queries
Keerthi Reddy D
CA Inter
★ 12K+
2
244