Forums
Elasticity of demand
Economics
answered on 09-Sep-24 12:42
Which formula we should use if the question says find price elasticity, the normal one change in quantity divided by change in price or arc elasticity formula
latest answer
nor arc elasticity unless specifically asked
Preethi Shet
CA Inter
★ 0
1
218
ITC- Blocked credits
Indirect Taxation
answered on 08-Sep-24 21:42
In this video, in the questions there is no mention of 36000 at all but in the solution you wrote 36000 sir... where did it come from???
latest answer
It is a typo error. Consider the amount given in question.
Nandini Narreddy
CA Inter
★ 925
1
198
Professional Ethics
Auditing
answered on 07-Sep-24 17:55
Can we frame sentences in the clauses in our own way or it should be same as mentioned in a textbook For eg First Schedule Part-A Clause-8 A CA is Deemed to be guilty under professional misconduct if he accept a position as auditor previously held by the another auditor are a certified auditor who has been issued certificates under the restricted certificate rules 1932 without first communicating with him in writing Can we frame above one as below? A CA in practice is deemed to be guilty of professional misconduct if he agrees to audit any , without communicating it to retiring auditor
latest answer
Ok mam ,thanks I will make sure to mention clause number along with Schedules
Surya Prakash
CA Final
★ 19K+
6
301
ROTATION OF DIRECTORS
Corporate & Other Laws
answered on 06-Sep-24 17:32
Let say a public company has 14 directors. So how many of them are rotational directors. Answer going to be 2/3 of 14 equals to 9.33. so it round off to 9 or 10 directors
latest answer
9
Anoop P K
CA Final
★ 2K+
1
318
AS 19
Accountancy
answered on 09-Sep-24 15:38
If a question does not specifically mention whether the lease agreement is financial or operating ( or does not even satisfy any of the conditioyn which make them financial or operating lease). What will we assume it to be?
latest answer
If conditions not satisfied, than operating lease.
Sagar Kathuria
CA Final
★ 3K+
3
255
Ch 8 audit reports
Auditing
answered on 06-Sep-24 14:37
Second paragraph, tell audit opinion
latest answer
Opinion will be unmodified. However this will be referred to in EOM paragraph. Its material and relevant for users attention
Sukriti Gupta
CA Inter
★ 590
1
264
Ch 8 audit report
Auditing
answered on 06-Sep-24 14:38
Continuation of ques, financial statements and if auditor persists may give an effect in next FY.
latest answer
You need for last paragraph or second? Meaning depreciation or stock?
Sukriti Gupta
CA Inter
★ 590
1
221
Working capital changes
Accountancy
answered on 06-Sep-24 11:01
Sir if capital reserve opening- nil and closing-200000. Then can we write it down under working capital changes in operating activity?
latest answer
No. For any reserves movement, you need to prepare working to find out profit or loss for the year.
Ajaykumar Parit
CA Inter
★ 815
1
255
Computation of Fair Value of Gross Assets
Financial Reporting
answered on 06-Sep-24 11:04
What is Goodwill on Deferred Tax liability - I couldn't get it sir
latest answer
Deferred Tax liabilities reduces the net assets. When net assets are reduced, the goodwill amount becomes higher. This is what is referred to as goodwill on deferred tax liability.
Swathi S
CA Final
★ 975
1
185
Not coverd topics
Auditing
answered on 06-Sep-24 14:39
Lot of topics are not covered including methods of evaluation of internal control.
latest answer
It’s covered in the topic. There is additional content in topic named ‘ risk assessment and internal control’ . Please check there.
Jagadesh Viyyapu
CA Inter
★ 1K+
1
234