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as 19
Accountancy
answered on 09-Dec-24 08:25
In Illustration 2 how to get the gross lease rental value is 1441080. in my calculation that answer is 1441140[6L*0.8929+6L*0.7972+6L*0.7118] which answer is preferable?
latest answer
It is based on the digits taken in PV factor. Both are preferable.
bharathipriya
CA Inter
★ 3K+
1
254
Practitioner or Auditor
Auditing
answered on 07-Dec-24 21:52
In Elements of an Assurance Engagement, one of the Element is Sufficient and Appropriate Evidence. In that "Sufficient" relates to quantity of Evidence obtained by Auditor is given. Here I think we have to use Practitioner instead of Auditor as we are talking about Assurance Engagement. Am I correct or not?
latest answer
Yes practitioner is right. But usually in the flow we happen to use auditor
Harish Kumar
CA Inter
★ 17K+
1
706
staring video?
CFA
answered on 04-Dec-24 21:45
which is the starting video for portfolio management, as it starts somewhere random?
latest answer
You may have some videos which have been moved around in topics as some individual chapters were moved from pm to quant And some chapters re arranged But rest all in order as far as we know and no one has raised any issues so far If there is any trouble u face let us know will check and revert
Kaarthick Abishek
CFA L1
★ 0
5
201
Carrying amount
Financial Reporting
answered on 04-Dec-24 20:14
Sir, at the end of 20X3, Cost = Rs. 2,100 Carrying amount = Rs. 1,900 Is it correct? In case of intangible asset also, is carrying amount obtained after deducting accumulated impairment loss, similar to PPE under Ind AS 16?
latest answer
Yes
Denz Philip
CA Final
★ 10K+
1
275
Doubt
Indirect Taxation
answered on 09-Dec-24 11:36
Supply of service by central government state and local authorities are exempted as per section 7(3) as you said before.then how will this is apply here please text me
latest answer
Only notified statutory activities are exempt.
Navya 2805
CMA Inter
★ 2K+
1
304
Exemption of education program fees paid to foreign institute by Indian institute
Direct Taxation
answered on 09-Dec-24 11:50
Is there any exemption regarding the educational program fees paid by educational entity to any foreign institute? Is there any relevant DTAA?
latest answer
Need to check the DTAA of that country and then decide.
Bhavesh Bhil
CA Final
★ 37K+
1
936
Director vs Whole Time Director
Corporate & Other Laws
answered on 05-Dec-24 14:46
Does 'person who is in the employment of the company as a director' mean the same thing as a regular director? Or is it referring to a Whole Time Director? Asking with respect to disqualifications of a person to be appointed as Debenture Trustee
latest answer
OK ma'am, thank you!
Vishnu Muraleedharan
CA Final
★ 32K+
2
993
SA 220
Auditing
answered on 05-Dec-24 09:57
Regarding the accepting of client relation ship ? Please anyone explain in brief
latest answer
Accepting is for new engagement and continuing refers to existing engagement ( recurring audits) In both of these, while taking up the assignment, we need to do some study. Those are the factors discussed here.
Eswar Aakash
CA Inter
★ 57K+
2
727
75% Criteria
Financial Reporting
answered on 04-Dec-24 14:12
What if there is only one operating segment and 75% criteria is not being met. What will be done in such case, sir?
latest answer
If there is only one operating segment, than segment reporting wont be applicable.
Swathi S
CA Final
★ 975
1
238
75% criteria
Financial Reporting
answered on 04-Dec-24 14:16
What is the logic behind this criteria, sir?
latest answer
The 75% revenue rule ensures that external users of financial statements receive adequate information about the business activities contributing to the majority of the entity’s revenue. Without this segment reporting might exclude critical parts of the business
Swathi S
CA Final
★ 975
1
306