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Group audit

Auditing

answered on 30-Jul-24 09:54

This mcq i couldn't understand

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The useful life of an asset and the depreciation method should comply with Ind AS 16, which may differ from the useful lives prescribed under Schedule II of the Companies Act, 2013. The useful lives and depreciation methods used by the holding and subsidiary companies should be consistent.

Rakesh Saraf

Rakesh Saraf

CA Final

★ 0

1

353

DIFFERENT LECTURE

Strategic Management

answered on 30-Jul-24 13:10

KINDLY RESOLVE IT Classes which i purchased are different from what is received, course shown in bundle content are different from which in had, please consider it

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Thank you sir🙏

Praveen Raj

Praveen Raj

CA Final

★ 0

7

530

Rounding Off

Costing

answered on 29-Jul-24 10:10

In 15/1/20 entry for issue sir rounded off to 21611 but in balance he does not round it off to 126717 but keeps it at 126716. Please explain why

latest answer

Kindly ignore such small issues. You can leave all balances at 2 decimals

Gautham

Gautham

CA Inter

★ 0

1

231

Capital gain section 42 (2)

Direct Taxation

answered on 31-Jul-24 12:37

Hello How can we consider cost of acquisition is 8500000 ?

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Welcome. All the best.

siddesh N

siddesh N

CA Inter

★ 4K+

3

378

Permanent exemption

Exams

answered on 27-Jul-24 14:17

Hi sir My frnd got exemption in final xams paper 6e in nov 22 bt he couldnt clear grp 2..his exemption got exhausted can i claim permanent exemption now For nov 24

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Thanku sir

kalai vani

kalai vani

CA Final

★ 1K+

2

347

Deb trustee

Corporate & Other Laws

answered on 27-Jul-24 11:45

Is it read as 2% of gross turnover Or total income amount Or rs50lac Cause gross turnover and total income are diff ? Where am i wrong

latest answer

It will read as: 2% of gross t/o or 2% of TI or 50L Whichever is lower

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

★ 2K+

1

290

deb trustee

Corporate & Other Laws

answered on 03-Aug-24 13:02

"can't be deb trustee= who has furnished any gaurantee in respect of principal debts secured by the debentures or intrest thereon" meaning of this ? Maam pls correct where im wrong Sec71 = CO ISSUE DEB to deb hr in this point it said DEBTOR ISSUED DEBENTURE to Co as a security ? + the debtor also appointed a gaurantor ? n tht gaurantor can't be deb trustee ?

latest answer

if a guarantor is corrupt & he doesn't want to pay back the defaulted loan, then he will not take the side of debenture holders. He will favour himself. Hence disqualified

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

★ 2K+

3

290

AS 20 MCQ

Accountancy

answered on 29-Jul-24 09:14

What is the solution of MCQ 1?

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Yes

Sagar Kathuria

Sagar Kathuria

CA Final

★ 3K+

3

347

Illustration 15 Past Exam

Indirect Taxation

answered on 31-Jul-24 12:31

Sir, Here the Date of invoice is 07/08/2017,Date of completion is 14/08/2017 This illustration the invoice is not issued within time U/S 31, 07/08/2017 to 14/08/2017 - 37days Why did you tell the date of invoice is issued within time U/S 31 I didn't know that please could you Explain it

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It is 7th August to 14th August so invoice is issued within time.

Sunitha Nandini

Sunitha Nandini

CA Inter

★ 10K+

1

242

GENERAL CLAUSES ACT

Corporate & Other Laws

answered on 28-Jul-24 22:20

What is the meaning of "previous publications " in law?

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Thank you very much Ma'am.

Dhivyaa Latha

Dhivyaa Latha

CA Inter

★ 4K+

4

310