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SA 210
Auditing
answered on 25-Mar-24 21:37
Can Management prepare and give engagement letter to the Auditor ? Or it is only responsible for the auditor to prepare engagement letter
latest answer
SAs are the responsibilities of auditor. Even if management prepares, responsibility is only of the auditor Management gives appointment letter, and auditor EL
Janani R
CA Final
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Ind AS 21 Accounting for foreign currency transaction
Financial Reporting
answered on 28-Mar-24 17:04
Video No 14 I llustration 9 Property Plant equipment is measured at closing rate. It is non monetary item so it needs to be measured at historical cost. Am I correct
latest answer
Infotech global will not restate PPE in its books.
swaminathan sundaram
CA Final
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617
Ratio analysis
Financial Management
answered on 25-Mar-24 17:20
What is repayment of loan in this formula, principal amount?
latest answer
Okk
Ramya Telikicherla
CA Final
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Ratio analysis
Financial Management
answered on 25-Mar-24 17:14
In this formula is installment means principal amount per year or total principal amount of loan.and what is interest per year interest or total interest amount of loan
latest answer
Okk thank you
Ramya Telikicherla
CA Final
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Ratio analysis
Financial Management
answered on 03-Apr-24 16:45
What is equity in debt-equity ratio is it esc+r/s or esc+psc+r/s
latest answer
In both the places institute ignored but ideally in ratios chapter unless otherwise mentioned Equity = ESC+PSC+RE
Ramya Telikicherla
CA Final
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368
Difference between Stake Money and Betting Gains
Direct Taxation
answered on 25-Mar-24 12:15
Hi sir, hope you're well. In your example for race horses, what is the difference between stake money and betting gains? I'm unable to understand the difference between the two. Thanks
latest answer
Stake money means the gross amount of prize money received in a horse race by the owner
Devaprasad Jothimani
CA Inter
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604
Investment accounts
Accountancy
answered on 24-Mar-24 18:52
I'll 10 while computing pre acquisition dividend we r calculating on 15/4 /x1 purchased shares Generally v should calculate on opening balance only becoz dividend for 31/3/x1 Shares bought on 15/4/x1 how we can take
latest answer
Dividends are paid on all shares held on record date and not for shares held at the end of financial year.
nive krish
CA Inter
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376
notes
Strategic Management
answered on 24-Mar-24 18:54
is there soft copy available sir?
latest answer
yes. resources
Prashanth Koya
CA Inter
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1
388
Mutual Fund Chapter Illustration 7 & 8
AFM
answered on 24-Mar-24 13:38
Sir, what is the difference in illustration 7 & 8 .In illustration 7 we did one more step by computing Face value to Rs.10 and found the return 16% however in illustration 8 we dint do that step . What's the difference sir?
latest answer
NO diff. I just computed it that way in Ill7 to show you the working that's all formula used in both is same
Abirami Deivanai
CA Final
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254
Ind AS 21 Foreign currency transaction
Financial Reporting
answered on 24-Mar-24 18:51
Page 10.95 Illustration 7 The functional currency and presentation currency of parent P is USD. In this question I assume that invoice is prepared in USD. If invoice is prepared in Euro then parent P should take the conversion rate of Euro on year end date and account for the exchange difference. Am I correct?
latest answer
For sales, conversion rate on date of transaction should be considered.
swaminathan sundaram
CA Final
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