Forums
content of engagement letter
Auditing
answered on 03-Apr-24 20:54
hiii mam... is it okay for issuing the El by the co to the auditors ? auditor should issue right ? please clarify this mam
latest answer
Its always the auditor whose prepares the EL and gets the same agreed by Mgt. SAs are always a responsibility on auditor. Mgt give appointment letter and auditor EL
Bhanu Shankar
CA Inter
★ 590
1
279
EARNING BEFORE TAX CALCULATION AT THE END
Financial Management
answered on 11-Apr-24 15:40
HOW CONTRIBUTION IS 60 X 5000 IN QUESTION ITS GIVEN 1000 UNITS ONLY
latest answer
This correction is made and revised file will uploaded by tonight
Ranjith G
CA Inter
★ 510
2
405
Preliminary
Corporate & Other Laws
answered on 03-Apr-24 18:13
For a small company the paid-up share capital and turnover limits are 50Lakhs and 2Crores as per definition of companies act BUT its given as 4Crores and 40Lakhs in as per companies rules which one should we write in exam?
latest answer
The recent amendments to the Companies (Specification of Definitions Details) Rules, 2022, have set the bar at a maximum of Rupees 4 Crores for paid-up capital and Rupees 40 Crores for turnover. These thresholds serve as crucial benchmarks, delineating Small Companies from larger entities.
Monika T
CA Final
★ 7K+
2
388
Exponent
AFM
answered on 03-Apr-24 17:14
Exponent value given in the material has slight difference
latest answer
That is ok. I have computed exact number - icai would have rounded something off. In exam consider what is provided in Q paper
Devika Viswanathan
CA Final
★ 9K+
1
240
FEMA
Corporate & Other Laws
answered on 06-Apr-24 09:44
Highlighted point doubt , Kindly explain me in detailed with abbreviations
latest answer
Cost, insurance and freight- CIF Freight on bord - FOB, FAS- Free along side FOB and CIF terms are used in international trade in relation to shipping when goods enter the national borders. These terms are used to decide when the goods become the buyer’s property from the seller’s property and who is liable for costs and risks associated with goods in transit. FOB is free on board, also known as freight on board.
Sai Akash rockster
CA Final
★ 10
1
406
Lecture is not releated to book?
Auditing
answered on 03-Apr-24 20:56
Many topics are not disscused in class but there in Indigo learn material for eg: CSR and SLR pg-5.16 to 5.20 not discussed and stiil there
latest answer
Some content might be from the old syllabus which is not included in the new books. CRR and SLR concepts are important to be understood for bank audit
Surya Prakash
CA Final
★ 19K+
2
239
Temporary and timing difference
Financial Reporting
answered on 03-Apr-24 12:48
Hi Sir, How is revaluation of assets a temporary difference and not a permanent difference ?could you explain further
latest answer
The difference will ultimately become zero. Due to higher depreciation in books.
ahmad bunyamin
CA Final
★ 1K+
1
238
Illustration - 5
Accountancy
answered on 03-Apr-24 09:40
In illustration - 5 first entry is not given.
latest answer
Thanks for highlighting. we will check and update.
sitaram kollepara
CA Inter
★ 2K+
1
212
Difference between congeneric merger & horizontal merger
AFM
answered on 03-Apr-24 10:31
Difference between congeneric merger & horizontal merger?
latest answer
Thank u so much sir
Revathy N
CA Final
★ 9K+
3
680
COC
Financial Management
answered on 03-Apr-24 22:09
Sir in PQ 7 why they considered the cost of PSC in company's point of view which was not done in previous questions
latest answer
Ok sir thankyou
Ramya Telikicherla
CA Final
★ 6K+
2
379