Forums
Management and administration
Corporate & Other Laws
answered on 14-Sep-24 14:04
What is the correct answer for this question?
latest answer
E voting is mandatory for listed co or company having 1000 or more members (S:108) Listed company (Sec 2(52)) excludes company who is not listed for equity shares but has only non convertible pref shares listed. Accordingly, a company with only pref shares listed need not provide e voting facility
Lucky Ten
CA Inter
★ 0
3
682
SA 800
Auditing
answered on 14-Sep-24 19:38
Maam Why the answer to the MCQ is not (a)
latest answer
Ok ma'am. Thank you
A Sivani
CA Final
★ 11K+
4
717
Logic-Guarantee Contract
Financial Reporting
answered on 16-Sep-24 12:51
What is the logic behind taking Interest if Gurantee not taken for calculating Present Value?
latest answer
If guarantee not taken, interest is higher If guarantee is taken, interest is lower Differential amount is saving or benefit. Generally if you take guarantee from outside party, they charge commission/fee.
Hrishikesh Pradhan
Qualified CA
★ 18K+
1
614
Explain it
Financial Management
answered on 17-Sep-24 00:21
Current price of a share of a company is Rs.760 and just paid dividend per share is Rs.74. If the capitalization rate is 12%, what is the dividend growth rate?
latest answer
Please refer the question number & the material from where the question is posted. Generalised doubts or doubts outside the ICAI/IL material shall not be answered.
Vamsi Krishna Kaliboyina
CA Final
★ 49K+
1
583
Ch 15 budget
Costing
answered on 19-Sep-24 10:22
Please explain me the first paragraph with detailed explanation
latest answer
Qty reduced by 20% and Price by 10%
Sukriti Gupta
CA Inter
★ 590
1
561
Ethics
CFA
answered on 13-Sep-24 17:47
Please explain with example 1. Mosaic theory 2. Fact and opinion wrt standard 6A
latest answer
Ethics
Dhakshana Dhakshana
CFA L2
★ 18K+
1
462
Investigation
Auditing
answered on 15-Sep-24 15:43
Mam, while a new person joins a partnership... Why investigation instead of due diligence? I'm viewing investigation to be something like -ve ... Meaning as if there is some doubt about the partnership and valuation of goodwill/ share..... How to take this with good understanding mam..?
latest answer
When a person joins a partnership, the term “investigation” is more comprehensive, thorough and specific inquiry. It’s more detailed. . It could be done for understanding reputation of firm, to find if there is a risk of internal conflicts, any fraud, criminal litigations etc. due diligence might not help in uncovering these areas. Due diligence typically covers standard assessments like merger , acquisition
Raj Kumar
CA Final
★ 0
3
617
Consolidation
Accountancy
answered on 13-Sep-24 12:51
Share capital + reserve and surplus of subsidiary is rs100000 Holding Co own 90% I.e rs90000, but paid rs120000 so extra rs30000 is also received by subsidiary ? then why not showing in books of account ?
latest answer
We show it as a part of goodwill.
Sushmita Chowdhury
CA Inter
★ 2K+
1
658
AS 22 Accounting for taxes for income
Accountancy
answered on 14-Sep-24 11:54
In this question how come the timing difference is 4 Crs. As per accounting income :- sale proceeds is 8Cr and cost of investment is 4crs therefore accounting income is 4cr. As per taxable income it is the same 4crs .So why they are saying timing difference of 4crs exists?
latest answer
1
Niveta Rajkumar
CA Inter
★ 6K+
6
814
Auditing definition
Auditing
answered on 15-Sep-24 15:48
In this audit has to done irrespective of size of entity (small size) or legal form For small size why the auditor needed Like for super markets or small startup company to whom they showed the financial info and whom appointed auditor for such co.s At the same time legal form includes sole proprietorship firm whom will appointed auditor
latest answer
Small business could be sole proprietors, small partnership firms etc. for them audit it optional. They might voluntarily choose to get the accounts audited. In these cases, the owners will appoint. Meaning proprietor in case of sole proprietorship, partners in case of partnership. In India, companies are compulsorily under audit. Be small or big, all companies are subject to audit. The members of the company appoint the auditors in the Annual General Meeting. In all cases, only Chartered accountants can be appointed as auditors.
anju B
CA Inter
★ 21K+
1
876