Forums
Inventory Taking
Accountancy
answered on 07-Feb-24 11:03
Adjustment (v) mai problem hai sir
latest answer
You should not include in sales. Add cost to inventory.
Rupesh Kumar
CA Foundation
★ 310
1
354
Sec 52
Corporate & Other Laws
answered on 06-Feb-24 18:55
Could someone please Explain the bracket point?
latest answer
It means that security premium account will be treated as part of paid up share capital of company for the understanding of section relating to reduction of share capital (covered in Section 66).
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
339
effect of memo & articles sec.10
Corporate & Other Laws
answered on 06-Feb-24 16:34
are the members liable to each other at the time of winding up in case of a private ltd. & public ltd. ?
latest answer
Members are not liable to each other at winding up. They are liable to company only upto the extend of unpaid nominal value of shares.
Harshavardini
CA Inter
★ 180
1
325
SA 315
Auditing
answered on 03-Jul-25 11:50
i couldn't understand actually what assertion level means and i can't be able to differentiate between assertion level and financial level.Because usually a mistake will have a wide spread impact in fiancial statement right?
latest answer
There are multiple assets in the organisation. Depreciation in p and L is cumulative number of all assets together. So we can precisely say it will affect account balance. Other factors also will matter in the situation, depending upon materiality of the subject matter .
Satha Sivam
CA Final
★ 6K+
4
357
Query related to new scheme
Others
answered on 06-Feb-24 11:33
If someone passed only group 2 in old scheme and no exemptions in group 1 subjects , then what papers they should write in new scheme ?
latest answer
Law tax and audit
Tharun Guntupalli
CA Final
★ 3K+
7
317
Query in amount
Accountancy
answered on 06-Feb-24 10:49
Sir in question credit sales given as 28400 But while solving we have entered as 28500 under cash received from debtors whether any error in question or we have to include some other item with it
latest answer
Thank you sir☺️
nive krish
CA Inter
★ 255
3
373
AS16
Accountancy
answered on 06-Feb-24 09:13
Why the borrowing costs do not qualify capitalization? Because the extended period is necesaary for the asset to get ready for sale or intended use so the cost incurred during that period should also be capitalize right
latest answer
If active work is not happening and if that interruption is avoidable, do not capitalise
Harshavardini
CA Inter
★ 180
1
308
illustration 4
AFM
answered on 06-Feb-24 10:07
how could he invest 2 crores or 1 crore with Rs.6,99,000?
latest answer
Rs.6.99 lacs is VAR i.e potential max loss. If you are investing for more days, you may incur more loss with same amount of investment. If you want same loss then amount of investment has to be low
Harini Desu
CA Final
★ 2K+
1
170
Finance lease related query
Financial Reporting
answered on 06-Feb-24 21:01
Earlier we said that if assest is given for finance lease we derecognise. Then why in this example we are considering its as investment property
latest answer
Okk sir !! Thank You
Hrishikesh Pradhan
CA Final
★ 18K+
3
326
Exemption and exam form issue
Others
answered on 06-Feb-24 16:11
Hello sir i have query in exemptions in CA inter Could you please advise me on the number of papers I should prepare for in the May 2024 attempt? I cleared my Group 1 CA Inter in November 2021, received an exemption in Advanced Accounting in May 2023, and obtained another exemption in FM&Eco in November 2023. I failed in Group 2 despite attempting three papers in the November 2023 attempt. And while applying exam form it gives more options regarding how many papers can I write for further attempt so please tell me which option can I select?
latest answer
Is that worthy if... To do
Vijaykumar Mynam
CA Inter
★ 5
9
442