Forums
engagement letter drafting
Auditing
answered on 08-May-24 13:42
madam, but shouldnt the engagement letter be drafted by the auditor? and if there is some discrepancy isnt that the fault of the auditor??here in this question it is said that the engagement letter has been issued by mea limited .
latest answer
Appointment letter is issued by management, n engagement by auditor. In practicality itβs management who drafts. But before acceptance auditor should be sure about the content there in. Otherwise he will be guilty of professional misconduct
aravind lalji
CA Inter
β 0
1
301
FA / FL - Loan - Amortised method
Financial Reporting
answered on 10-May-24 20:24
Please share an illustration relating to Loan(NOT INTEREST FREE) where solution has given for both the parties I.e. lender and borrower. So that we can understand from a broader perspective that how one instrument is recognised as FA for one party and FL for another party.
latest answer
FV is PV discounted at effective rate which is equal to TP.
Chandan Subudhi
CA Final
β 12K+
9
388
LLP- Body Corporate ?
Indirect Taxation
answered on 12-May-24 11:02
Whether as per GST - LLP is an body corporate? As per LLP act LLP is an body corporate.
latest answer
Done.
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
β 3K+
3
319
Regarding ECO and Composition scheme
Indirect Taxation
answered on 08-May-24 16:16
If a restaurant is registered under composition scheme, they should not collect tax from recipient of services. If the same restaurant is supplying through ECO whether the provisions of 9(5) be applicable, where ECO is liable to pay GST ?
latest answer
ECO will be liable to pay GST.
sudarsan ramanathan
CA Inter
β 3K+
2
405
Password to unprotect the excel sheet
AFM
answered on 10-May-24 20:28
Hi sir, the excel sheet you have provided is having a password. there are many rows and columns where we are not able to see the data in a cell due to the size limitation of a cell. In order to see that data, we need to adjust the cell length. But because it is protected we are unable to adjust the cell length. SO please provide the password to unprotect the excel sheet. Not just for this chapter, for all the chapters this is the case. so kindly provide the password for all the chapter's excel sheets.
latest answer
here
B. Dinesh
CA Final
β 3K+
3
271
Classes
Indirect Taxation
answered on 08-May-24 09:02
I wanted buy IL Idt classes. Comparing classes other than Indigo Learn i saw it was almost 200 hours of classes for regular batch and 140 hours for exam oriented batch. But Indigo learn regular batch itself 140 hours. What maybe the reason?
latest answer
Our classes are recorded in studio. So the extra time spent in classroom for discussions breaks etc gets eliminated. The time which you would require to complete would be approx 1.5x
shamanth rm
CA Final
β 2K+
1
341
Financial Liability
Financial Reporting
answered on 08-May-24 13:58
FR > Financial Instrument. The answer is we need to carry the creditors in amortised cost. And itβs FV + Interest. But how to compute interest without knowing the period (when exactly the creditors will be paid)
latest answer
Initially the FV wil be transaction price. Subsequently we will provide interest if payment is delayed.
Chandan Subudhi
CA Final
β 12K+
1
294
Ind AS 19 employee benefits
Financial Reporting
answered on 08-May-24 13:58
Video N o 33 Illustration 21 RKA Ltd is old company. In this problem expected return is calculated on debited to Fair value of plan asset 1140 *8% . Actual return why no separate entry is passed and why expected return is not reversed after understanding what is my actual return
latest answer
The difference between expected and actual is recognised separately in OCI.
swaminathan sundaram
CA Final
β 110
1
274
UNION TERRITORY
Indirect Taxation
answered on 08-May-24 12:49
Where i can see union territory list
latest answer
1. Andaman & Nicobar Islands 2. Lakshadweep 3. Dadra Nagar haveli & Daman and Diu 4. Delhi 5. Jammu and Kashmir 6. Chandigarh 7. Ladakh 8. Puducherry
MONIKAA RAMESHKUMAR
CA Inter
β 710
2
373
Forex - Gain or loss
AFM
answered on 08-May-24 11:27
Why we are considering the difference between buying and selling euro rate as GAIN in Illustration 2 and same amount as LOSS in Illustration 3 sir.
latest answer
Doubt solved
Dhanushiya Ganesan
CA Final
β 14K+
1
211