Forums
Ratio analysis
Financial Management
answered on 05-Mar-24 19:11
I made the notes for capital structure ratios, are those alternative names and and their meanings are correct or not sir
latest answer
Thank you sir
Kavitha Krishnan
CA Inter
★ 665
3
315
Bank audit
Auditing
answered on 05-Mar-24 23:16
Is it only Central auditors are responsible for obtaining understanding of IT controls?
latest answer
no. branch auditors will also be required to get an understanding of the same
Chandu vadla
CA Final
★ 11K+
1
294
SA 299 - Joint Audit of FS
Auditing
answered on 05-Mar-24 23:18
Hello mam, In this question, CA Z could have provided a separate audit report. agreed. But he has communicated the same to other auditors. Isnt this "matters brought to notice of joint auditors" that come under common audit area which makes everyone responsible?
latest answer
When it comes to opinion, though its a shared responsibility, they cannot come to one conclusion. or give two opinions in one report. as you righty said it comes as a common responsibility, i.e the reason all of them should be responsible for the opinion given by them, so separate reporting is important.
Susee Arunachalam
Qualified CA
★ 26K+
1
339
SEC 12(3)
Indirect Taxation
answered on 07-Mar-24 15:11
Why u didnt take location of suppier for identifying it is CGST/SGST/IGST.
latest answer
In case of Section 12(3), POS will be place where property is located or intended to be located.
Satya Reddy
CMA Final
★ 1K+
1
195
GAAR
Direct Taxation
answered on 07-Mar-24 15:11
If the GAAR is applicable for certain arrangement. Is there any rate of tax prescribed under the GAAR or we need to follow the rates applicable in the absence of GAAR?
latest answer
Rates applicable.
Chandu vadla
CA Final
★ 11K+
1
304
Forex Illustration 31
AFM
answered on 05-Mar-24 13:53
Hello Sir, In the institute's answer, they have taken if forward premia is equal to interest rate differential, then there exists no arbitrage opportunity. Is it correct to assume that? However, they have made a mistake in the computation but as an approach is this correct?
latest answer
NO it is not correct to make such assumptions - also their working is way too complex. Since INR int rate is 9% and France is 12% . INR will appreciate and what i have done and what is available in compiler is logical and correct May be they issued a corrigendum - pls check
Suresh Avinash
CA Final
★ 3K+
3
169
Reversal of ITC if payment not made within 180 days
Indirect Taxation
answered on 07-Mar-24 15:13
Whether the recepient will voluntarily reverse ITC in such case? How the department will monitor whether the recepient has revered the ITC for non payment within 180 days
latest answer
Department checks when Scrutiny notice or Audit notice is issued. They check the creditors outstanding and then decide about reversal.
Amala Joy
CA Inter
★ 70
1
292
Accounting software courses
Others
answered on 05-Mar-24 10:11
What are all the basic accounting software knowledge required for a finance job and suggest other skills (in addition to communication) needed to have an upperhand
latest answer
Sure thing sir thank you
Dhakshana Dhakshana
CFA L2
★ 18K+
4
342
Sec 10(26AAA) INCOME OF A SIKKIMESE INDIVIDUAL
Direct Taxation
answered on 07-Mar-24 15:13
Exemption is allowed even in the case of a sikkimese women marrying a non sikkimese on or after April 1,2008
latest answer
Yes. It is.
Lavanya royal Lovely
CA Inter
★ 150
1
229
audit of items of FS
Auditing
asked on 05-Mar-24 06:11
as per example in vid,if gds dispatched before 31/3,and invoice after that date,to be included in trade receivables.But how come for bill and hold sales,the same must be recorded as sales although only invoice or bill made with no dispatch?Does trade receivables depend on invoice or dispatch ?
latest answer
No answers yet!!
SANSKRITI BADRI 2111339
CA Final
★ 4K+
0
188