Forums
Professional Misconduct
Auditing
answered on 15-Apr-24 19:47
If a firm signed a BS of entity, and the engagement partner failed to disclose a material fact. In this case, only engagement partner will be liable for misconduct under 5/1/2 or the all partners of the firm (who are not involved with that audit) will be also liable for professional misconduct?
latest answer
Liability is for the firm . Engagement partner is working in a capacity of partner.
Chandu vadla
CA Final
★ 11K+
3
386
completed gift
Corporate & Other Laws
answered on 15-Apr-24 16:16
if a person promises to donate a10 smartboards to a school and there is no written agreement and later the person refuses to donate it whether the school fike a case ?
latest answer
Yes
Bharavi Kothari
CA Foundation
★ 20K+
1
262
completed gift
Corporate & Other Laws
answered on 15-Apr-24 16:16
if a person promises to donate a water purifier to a school in a written agreement and later refuses to donate it whether the school can file a case against the person ?
latest answer
Liability as in if they have purchased the water purifier on the basis of that person's promise.
Bharavi Kothari
CA Foundation
★ 20K+
3
253
DOUBT
Financial Management
answered on 13-Apr-24 17:37
SIR FOR PAYMENT TO SUPPLIER A CREDIT TERMS IS 1MONTHS THE AMT TO BE ON 7 JAN 2017 WILL BE 55000 ONLY KNOW SIR BUT IN THE VIDEO IT HAS BEEN STATED AS 45000 KINDLY SAY WHICH IS RIGHT SIR
latest answer
In the question part, in the earlier video, at 7:45 I clearly read out what is given in the question, which says, irrespective of the payable amounts, a standing order is set by the company for an amount of Rs. 45,000, which would be adjusted periodically. Also the question clearly tells us not to make adjustments. So Rs. 45,000 is the cash outflow and it is correct
SHARINIDHA KS
CA Final
★ 2K+
1
282
Deferred Tax
Financial Reporting
answered on 15-Apr-24 19:39
Video No 30 Illustration 13 DTL is calculated as 25%. In the question 20% is the tax rate given
latest answer
will recheck. Sometimes in a flow, I would have taken previous question rate!
swaminathan sundaram
CA Final
★ 110
1
324
Salaries
Direct Taxation
answered on 15-Apr-24 14:48
How to solve this type of problem?
latest answer
If service rendered is less than 5 years then the withdrawal amount be taxable.
Mainak Chakraborty
CA Inter
★ 0
2
421
International FM
AFM
answered on 13-Apr-24 14:53
Its given in question that withholding tax is eligible for credit... Then why it is deducted and given an assumption??
latest answer
You are right - it is not a problem solved in class . Will get it corrected . correct answer will be USD 5,257,292
nazriya nasar
CA Final
★ 7K+
1
416
Doubt on entering into forward contract
AFM
answered on 15-May-24 16:18
Step-1 showing as enter into 3 M forward contract to sell CAD @0.67 But in Step-6 we are doing selling DM and getting CAD as per 3M forward If you don't mind can you explain it sir ?
latest answer
We have updated the videos. Thanks once again
Hanumanthu Rajesh
CA Final
★ 7K+
5
296
FEMA
Corporate & Other Laws
answered on 19-Apr-24 09:23
How is it Resident outside India, when his stay in India in the immediately preceding financial year is 200 days?
latest answer
Yes
NANDHINI U S
CA Inter
★ 37K+
18
535
Financial instruments
Financial Reporting
answered on 13-Apr-24 10:25
Hi Sir, For Financial liabilities, we account it at Net transaction price which is FV of loan (-) Processing fee. However, we pay interest on loan amount of 1 Lakh and repay 1Lakh at the end of loan tenure. In this case, why do we initially recognize Financial liability at Net transaction price instead of loan value of 1L.
latest answer
This will clarify
ahmad bunyamin
CA Final
★ 1K+
2
349