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Arbitrage process
Financial Management
answered on 03-Dec-24 19:15
Arbitrage process explained in the lecture is different from the ICAI Study material. Which one should I follow
latest answer
Either way you will get marks. In ICAI material itself they have provided alternative strategies. You can state relevant assumption based on the scenario- you will get marks https://resource.cdn.icai.org/81827bos65985-cp5.pdf
moulika vankayalapati
CA Final
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Abridged
Financial Management
answered on 03-Dec-24 19:21
Is abridged b/s means opening b/s
latest answer
Here you have to assume abridged is OS because there are a lot of subsequent movement details provided in the question
07- Issac Jolly-XII C
CA Inter
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Audit Documentation of Exporter - MCQ
Auditing
answered on 09-Dec-24 18:36
In q3, answer is option c as per ICAI material Given that it is an exporter, isn't it likely that Audit Procedures were performed to determine if exports were genuine, as a result of which a statement of dispatch of overseas consignments was made? Which would subsequently be included in Audit Documentation?
latest answer
Yes maam, understood now😄
Vishnu Muraleedharan
CA Final
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424
Valuation of Stock in Suspense
Costing
answered on 30-Dec-24 15:35
Dear Sir, At what price will the stores record the goods returned back from the production floor to stores to be kept in suspense ? Is it the Issue price at which these goods were issued ? Again when these goods in suspense have to be issued will they be issued at the recorded price or according to FIFO / average price ?
latest answer
Goods returned to the store are usually recorded at the same issue price at which they were originally issued to the production floor. For reissue - if suspense is tracked separately, you can use FIFO from the inventory in suspense
Sai Anirudh
CA Inter
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Applicablity of set c and set D
Exams
answered on 03-Dec-24 14:27
Hi , I have completed my CA inter G1 in old scheme and got exemption in advance accounts G2 after converting to new scheme I have cleared G2 is both set c and set D is applicable for me or any of one set.
latest answer
https://www.youtube.com/live/cb400eBWyDY?si=tdeAbKkfeLVCAj-0
VENKATESH K
CA Final
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Interest rate
Financial Reporting
answered on 03-Dec-24 13:48
Sir, In every question there are two interest rates given It is bit confusing on which one to be used for discounting and which one to be used for calculating interest Can please clarify how to pick correct interest rate?
latest answer
For payment - table preparation look for coupon rate, nominal rate of x% bonds.
Gunda Sharan
CA Final
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Financial Asset
Financial Reporting
answered on 03-Dec-24 13:55
Is all those physical asset , gold and other specified prima facie cannot be classified as Financial Instrument and thereby it is neither FA nor FL.
latest answer
Physical assets are not based on contracts. Ownership of gold or real estate represents a tangible possession, not a contractual right or obligation. For example, holding gold does not create a right to receive cash or another financial asset from another party. So it is not a financial asset. However derivative contracts on gold can be financial instruments.
kavitha selvam
CA Final
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Projecting misstatements
Auditing
answered on 05-Dec-24 10:01
Please explain in detail about projecting misstatements from Audit( SA 530 audit sampling)
latest answer
Have you gone through the video? We perform audit procedures on the samples that we have selected. The result and conclusion we draw on sample we project the same on over all financial statement. Basically- for test of details we do rate wise projections. Meaning of 5 % misstatements identified in sample, we project that on population.
Anitha V K
CA Inter
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Is there Negative mark of mcq
Exams
answered on 03-Dec-24 00:06
Is there any negative mark for mcq in Jan 2025 attempt for any paper in ca intermediate level... can someone please clear this doubt
latest answer
No
Sree Sree
CA Final
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Operating period
Financial Management
answered on 03-Dec-24 15:29
The question is what is operating period... So the answer will be 140 days right
latest answer
No. Operating period and net operating cycle both are same. You have to deduct credit payment period
07- Issac Jolly-XII C
CA Inter
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