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SA 210
Auditing
answered on 06-Apr-24 09:55
As per SA 210, Engagement Letter shall be issued by the Auditors and in the given question it is issued by the client. Firstly issuance of EL by client itself is in contradiction with the SA 210.
latest answer
It is not necessary that the engagement letter sent by the auditor in accordance with paragraph 5 of SA 210 is acknowledged by the addressee and returned to the auditor to establish that the client’s understanding of the terms of the engagement is in accordance with the engagement letter issued by the auditor.
Jaya Chandra
CA Final
★ 0
1
246
IFOS -Exempt u/s 10(15)
Direct Taxation
answered on 08-Apr-24 09:35
Sir the allowed interest exempt is on savings account interest or on Time/Recurring Deposit Interest.
latest answer
Interest on post office savings bank account is exempt upto 3500. Joint account then the limit is 7K.
Dwaraka Prasath
CA Inter
★ 7K+
1
207
Bull calendar spread
AFM
answered on 05-Apr-24 10:21
Video is not available for bull calendar spread.. Please check it sir.. Video started from bull call spread
latest answer
Ok sir.. Tq you
Hanumanthu Rajesh
CA Final
★ 7K+
2
188
Printing mistake
Accountancy
answered on 05-Apr-24 07:19
share capital of B Ltd is not given. I fully depend on 1fin material but it has lot of mistakes. It was fully of time waste in correcting. I got this material by paying fee but you were not giving value for my money.
latest answer
Sorry for the errors. We put efforts to ensure that the material is proper and serves your purpose. The questions are also displayed when the faculty explains. We will rectify this in next edition & in soft copy. Thanks
sitaram kollepara
CA Inter
★ 2K+
1
186
FS
Auditing
answered on 05-Apr-24 15:42
What's the answer of this question
latest answer
Ok mam thank you
Ramya Telikicherla
CA Final
★ 6K+
4
344
Deduction
Direct Taxation
answered on 08-Apr-24 09:32
A sum of 20000 donated in cash for scientific research under Section 80GGA . Is deduction allowed?
latest answer
This option is given based on the most suitable option.
Lavi Lavanya
CA Inter
★ 6K+
6
338
Put option
AFM
answered on 04-Apr-24 20:00
If share price becomes zero, then the profit of an buyer of put option is limited upto price becomes zero? Then how come is it unlimited sir? Please explain it sir?
latest answer
I explained that in examples - technically it is not unlimited but more from a practical view
Hanumanthu Rajesh
CA Final
★ 7K+
1
198
IND AS 116
Financial Reporting
answered on 04-Apr-24 13:46
Sir if lease payments are happening at year beginning, Those payments are also should consider for lease liability ?
latest answer
For liability only unpaid. If you pay something before inception, it is not considered in liability
M Naresh
CA Final
★ 3K+
1
319
Leases in AS 116 Remeasurement Illustration
Financial Reporting
answered on 10-Apr-24 16:04
Sir in illustration 32 of ICAI why The CPI index was not adjusted for the lease liability table before the date of the Remeasurement ?
latest answer
Changes to CPI after initial measurement will not be considered. If there is modification etc, then it will be considered.
M Naresh
CA Final
★ 3K+
1
326
cost of goods sold value
Financial Management
answered on 04-Apr-24 11:27
cost of good s sold not given directly in sum 4
latest answer
We updated the material regarding it. Please check it in the free resources of our website. Thankyou.
vinayagamoorthy s
CA Inter
★ 0
1
307