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answered on 06-Aug-24 15:48
Can you provide suggested answers for CA Inter may 24 question paper for all the subjects ASAP
latest answer
ICAI has not yet released.
NANDHINI U S
CA Inter
★ 37K+
1
281
Right
Accountancy
answered on 06-Aug-24 15:32
Correct me where im wrong Bonus or right are declared say on 1/6 Then when bonus or right shares are given I.e 1/7 is the record date ? I,e when shares are credited to investor account ?
latest answer
It will be credited within 2 to 7 days post the record date
Sushmita Chowdhury
CA Inter
★ 2K+
7
293
Assertion Level
Auditing
answered on 08-Aug-24 19:58
Ma'am What is assertion Level? In web the meaning it is saying is Fact, but in connection with Auditing, What is assertion level?
latest answer
Assertion is basically what the management is representing. Like valuation, ownership, measurement etc, one particular aspect. We check these assertions for Their correctness so We call it assertion level. And also; we then check over all financial statements level.
Kalaiarasi Sowtharman
CA Inter
★ 470
5
567
Preparation of financial statements
Accountancy
answered on 06-Aug-24 15:45
Icai material Pg no.11.45 Illustration 6 Even though it is not mentioned in the question to provide for interest on debentures We've shown it in the profit and loss account as finance cost Why is it not shown under other current liabilities ( assuming that it's payable)?
latest answer
Each entry has two parts 1. You will show expense 2. You will show payable - current liabilities.
Monika T
CA Final
★ 7K+
1
238
Consolidation of Financial Statements
Accountancy
answered on 06-Aug-24 11:21
in down stream transaction if the holding company sold goods at a loss to subsidiary, and the goods is lying unsold in the subsidiary company.Then what is the treatment given in consolidation?
latest answer
Eliminate the loss.
Niveta Rajkumar
CA Inter
★ 6K+
1
294
..
Auditing
answered on 06-Aug-24 17:23
difference between members of the engagement team and the audit engagement partner......
latest answer
👍🏼
Nadeem Neymar
CA Inter
★ 250
4
307
Dividend
Accountancy
answered on 07-Aug-24 00:07
Sir final dividend is liability in current year because we pay it in next FY. But interim dividend is an expense during the year, but why don't disclose it in expense side of P&L account ?
latest answer
Dividend is not an expense for the company, whether it is final or interim. Since FINAL DIVIDEND is announced in the AGM of the Company, it cannot be withdraw even by Unanimous Consent. That's why it acts as a liability. However still it is appropriation of profits not an charge on profits. But Interim Dividend Can be withdrawn by BOD as it is not approved by General Meeting yet.
Ajaykumar Parit
CA Inter
★ 815
3
362
Cost of capital
Financial Management
answered on 06-Aug-24 15:40
Calculate cost of debenture and preference shares
latest answer
Seems like this is from an RTP or suggested Answer where solution is already available. Kindly let us know what is your specific query in solution?
Sukriti Gupta
CA Inter
★ 590
1
247
Surcharge
Direct Taxation
answered on 06-Aug-24 16:42
What is the Meaning of Surcharge?
latest answer
Surcharge is an additional tax that can be levied on tax. It is like a tax on tax. It is not charged on income. It will be levied on income tax
V Ajith Kumar
CA Inter
★ 1K+
3
399
Applicable tax rate
Indirect Taxation
answered on 06-Aug-24 07:36
What is the answer to this? Someone pls help.
latest answer
Mixed supply under GST means a combination of two or more goods or services made together for a single price. Each of these items can be supplied separately and is not dependent on any other. Ans is 18 percent , since chocolate has highest gst rate applicable 18 percent it is considered as principle supply and on whole gift package 18 percent gst applicable
Sujitha M
CA Inter
★ 1K+
1
270