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Doubt from Chapter 1, two queries from case study -2.
Auditing
answered on 06-Aug-24 10:13
I'm not convinced or I'm not clear regarding the answer given in Institute study material for Case Study -2 in Page no:1.33. For Question no 1 Answer is given as Standards on Related services, but in the case study it is mentioned that the Auditor is providing assurance for half yearly results and projected Financial statements, so the correct answer would be STANDARDS ON REVIEW ENGAGEMENT RIGHT? For Question no 2. in same case study Answer is given as option C. but as per the discussions in the class, and my understanding in reading of Chapter 1 Option D seems to be more relevant. Please assist me in clearing these doubts. Thank you in Advance. Waiting for your early response.
latest answer
Okay ma'am
Kalaiarasi Sowtharman
CA Inter
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9
286
mistake in video
Indirect Taxation
answered on 04-Aug-24 18:26
In Sec 12(7) the place of supply when the recipient is a registered person means the location of the recipient where he is registered but the mistake is it shows as the location of the supplier.
latest answer
Explanation is correct. Will get the words changed in the video. Thank you.
NANDHINI U S
CA Inter
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1
290
Exam Application
Others
answered on 06-Aug-24 15:51
I have applied for Intermediate September Exam with CONINT23 syllabus Later I came to know that we have to Change course to NEWINT23 before applying for exam Whether I can write exams In SSP no option to Change course
latest answer
If you are from old syllabus, it will be CONINT
Muhammed Sabith
CA Inter
★ 0
1
334
place of supply
Indirect Taxation
answered on 04-Aug-24 19:46
hawker boarded the train at UP Train orgin from Kolkata to Delhi via UP place of supply ? Kolkata or UP ?
latest answer
Hi
Sushmita Chowdhury
CA Inter
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7
336
Prospectus and allotment of securities
Corporate & Other Laws
answered on 03-Aug-24 12:50
While writing answers ,is head section is enough or want to include sub-sec too?
latest answer
It's enough to quote main section. But please only quote when you are sure of accuracy. Else whole answer will be crossed
Sindhu
CA Inter
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1
261
Balance sheet
Accountancy
answered on 05-Aug-24 12:54
At what value assets are normally shown in balance sheet historical cost/revalued cost? If an asset is shown in historical cost later can it be shown in revalued amounts in the balance sheet or should continue to be shown as historical cost only.? if shown at revalued cost what is the accounting treatment?
latest answer
Assets are typically shown in the balance sheet at their historical cost, which is the original purchase price or cost incurred to acquire the asset. Assets can be shown at revalued amounts following the principles of AS-10. ONce you complete AS-10, you will understand this. Brief explanation is given below. When an asset is shown at its revalued amount, the following accounting treatment is applied: Revaluation Increase: If the revaluation increases the asset's carrying amount, the increase is credited to Revaluation Surplus unless it reverses a previous revaluation decrease recognized in profit or loss. If it reverses a revaluation decrease recognized previously in profit or loss, the increase is recognized in profit or loss to the extent of that decrease. Revaluation Decrease: If the revaluation decreases the asset's carrying amount, the decrease is recognized in profit or loss, unless it reverses a previous revaluation surplus . If it reverses a revaluation surplus, the decrease is debited to revaluation surplus, reducing the revaluation surplus to the extent of any credit balance existing in the revaluation surplus for that asset.
Niveta Rajkumar
CA Inter
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2
307
Ca inter exam
Others
answered on 03-Aug-24 11:22
1. When will Inter exam be conducted in a year. 2.How many attempts. If i skip an attempt will it be still considered as a attempts?
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Skipping attempt is not considered as an attempt
Annamalai a
CA Inter
★ 0
2
304
composite rent
Direct Taxation
answered on 04-Aug-24 18:33
i understand that if its inseparable then full amount go to OS or BP but only the highlighted line mean what
latest answer
It means that even though amount is fixed separately they are still regarded as inseparable if they cannot be separated.
Sushmita Chowdhury
CA Inter
★ 2K+
2
394
In this formula u sir u diss fixed rate of interest for 2y if bank interest increase every year then this formula also works I tried this part but sometime getting answer correct some time getting wrong answer
Others
answered on 06-Aug-24 15:51
In this formula u sir u diss fixed rate of interest for 2y if bank interest increase every year then this formula also works I tried this part but sometime getting answer correct some time getting wrong answer
latest answer
It will not work with changing interest rates.
R G
CA Inter
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1
189
deposit before 1/4/13
Corporate & Other Laws
answered on 02-Aug-24 23:03
pls explain the meaning of this line with example
latest answer
It means that the deposits which were accepted by a company before the commencement of the Companies Act, 2013, shall be filed with ROC within: a) 3 months from commencement of the act with ROC OR b) 3 months from the due date (if any, after the commencement of act).
Sushmita Chowdhury
CA Inter
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2
260