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UDIN for Auit Report
Auditing
answered on 29-Jan-26 16:55
Mam, i see two diffrent auditors giving two different UDIN for the same audit report. Is it valid in practice? that same document can have two different UDINs? [Video Time Stamp: 09:15]
latest answer
Understood this as i covered SA 600, Thank you mam for the clarification
Vinod Kumar
CA Inter
★ 11K+
10
93
Syllabus sequence
Accountancy
answered on 23-Jan-26 18:39
Sir, In ICAI Syllabus, Accounting standards are been listed and grouped under specific chapters like asset based AS's like that. Should we have to study in that sequence or As per sequence of your study material.
latest answer
Ok sir. Thank you
Jagadeesh Jaidev
CA Inter
★ 645
2
89
Ind AS 41 Agriculture
Financial Reporting
answered on 27-Jan-26 10:27
Sir how come we are recognizing revenue from sale of an asset when 18 goats are sold on 1st June 20X2
latest answer
Sale in ordinary course of business. Like inventory is also an asset. When sold revenue is recognised.
Prasoon Goel
CA Final
★ 920
3
68
Sec 10(1)(ca)
Indirect Taxation
answered on 28-Jan-26 12:53
Sir, whether my understanding is correct or not,if not correct me. Section 10(1)(ca) will be applicable only when the buyer is an unregistered Person and buying goods outside his residence and bringing back to his residence [Video Time Stamp: 13:29]
latest answer
Okay sir, thank you.
K Vamshi
CA Final
★ 14K+
2
75
restriction on shareholding
Auditing
answered on 27-Jan-26 08:16
As per Section 5 of the Act, an individual or an unregistered society is not permitted to hold shares exceeding 20% or ₹1,000 in a cooperative society, and holding beyond this limit would amount to contravention. However, if the shareholder is a registered cooperative society, the said restriction does not apply. Kindly confirm whether, in cases where a registered cooperative society holds shares in another cooperative society, or vice versa, the restriction under Section 5 would not be applicable. for example B co-society holding shares in A co-society then this restriction not applicable for B co- society, now in C co- society holding shares in B co- society now the applicability will be [Video Time Stamp: 19:48]
latest answer
Section 5 restricts who is holding, not who is behind the holder. The Act recognises a registered co-operative society as a separate legal member B Co-operative Society holds shares in A Co-operative Society -B is a registered co-operative society - A is a co-operative society Section 5 restriction does NOT apply B can hold shares beyond 20% / ₹1,000 in A. C Co-operative Society holds shares in B Co-operative Society -C is also a registered co-operative society - B is a co-operative society Section 5 restriction still does NOT apply Each relationship is tested independently.
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
148
Q
Financial Reporting
answered on 27-Jan-26 10:29
sir suppose in this Q, there was exchange rates mentioned in Case 1.Then we can say that the host contract(due to gross settlement) is outside Ind AS 109 scope, but the forward contract is an embedded derivative due to currency risk right? [Video Time Stamp: 02:55]
latest answer
If gross settlement - outside the scope. if currency is USD but if its functional currency of Supplier, then it will not be a derivative but a normal foreign currency transaction covered by Ind AS 21.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
72
Q
Financial Reporting
answered on 27-Jan-26 10:30
Sir in this contract, on 9th sep we agreed to pay 10L USD @ 67.8 Rs. each,Doesnt this mean we need to pay 678L on 31.12.X1 no matter what ? then why are we recording bank payment as 670L? [Video Time Stamp: 13:43]
latest answer
We did not agree to pay 10L USD at 67.8 (this is a forward rate) We agreed to pay 10L USD. On day of settlement, we buyUSD at market rate and pay.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
87
Reversal of CGU Impairment loss
Financial Reporting
answered on 27-Jan-26 10:32
Sir when CGU loss is to be reversed we have to look into individual asset's wise right?? i.e) The carrying amount Individual assets can cannot be increased beyond lower of below right?? so what if 1. Individual asset's (Machine-A) recoverable amount = ₹ 4,20,000 ( Instead ₹4,50,000) 2. Individual asset's (Machine-A) Carrying amount had no prior impairment loss = ₹ 4,30,000 Then the maximum Reversal of Impairment loss is (a)Individual asset's (Machine-A) Carrying amount after impairment = ₹ 4,01,816 (b)Individual asset's (Machine-A) recoverable amount = ₹ 4,20,000 REVERSAL OF IMPAIRMENT LOSS = ₹ 18,184... Am i right sir???
latest answer
Yes, You are right.
Mohanbabu N
CA Final
★ 3K+
1
64
Articleship leave tracker
Others
answered on 22-Jan-26 20:21
Sir i have taken 157 days leave till now. As per ICAI 156 days a student take leave. But leave tracker in indigolearn is showing execess leave taken is 29 days. But i have taken only one excess leave till now..
latest answer
Thats as of today. The leave is 1/6th of period served. So if you complete 3 years, it will shown1 day excess.
lohith perumalla
CA Inter
★ 8K+
1
92
Ca inter attempt doubt
Others
answered on 22-Jan-26 14:13
I have registered for ca inter in 2021 . Due to unforeseen circumstances i didnt continue the course but converted in 2023 December. In my ssp portal course validation is till dec 2028 can I re register after that as per new course or not. Is there any attempt limit for ca inter
latest answer
No
Vismaya J
CA Inter
★ 250
3
88