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LLP
Corporate & Other Laws
answered on 25-Dec-23 13:56
In LLP, Documents are filed with registrar. Here registrar means registrar of companies or registrar of firms??
latest answer
LLPs are Governed by MCA. So, here registrar means ROC.
Krishnan K
CA Inter
★ 5K+
3
339
Internal audit
Auditing
answered on 25-Dec-23 19:08
When I attended interview there was a question what is internal audit. In the video lecture it is explained that management function is reviewed by internal auditor. Can I give that reply in interview or any better answer is available Video Details Course: Advanced Auditing & Professional Ethics (Without SA) Module: Internal Audit (Final) Section: Management Function and Scope of internal auditor
latest answer
Explain them whats internal audit and functions of it in the organisation, how it's different from external/statutory auditor.. don't always go by definitions
swaminathan sundaram
CA Final
★ 110
1
401
Forward interest rate
Financial Management
answered on 25-Dec-23 11:28
I am attaching question on forward interest rate. Without referring to the solution to the problem when I solve it I am making mistake. I like to know under which problem number this is solved in video lecture.
latest answer
Illustration 5 IRS easy way to check - Ctrl F <116> in compiler https://1fin.page.link/Ah1fuFcCH5TgTJiu9
swaminathan sundaram
CA Final
★ 110
1
338
Sir
Others
answered on 25-Dec-23 08:00
Q Discount as 5%of total amount or Rs 3000 whichever is less in column E sir my formula in excal correct or wrong discount
latest answer
Well done 👍
R G
CA Inter
★ 9K+
2
349
Calculation of forward rate
AFM
answered on 25-Dec-23 06:27
I like to know under which chapter forward rate calculation discussed Video Details Course: Advanced Financial Management - AFM Module: Interest Rate Risk Management Section: Illustration # 2
latest answer
Foreign exchange risk management
swaminathan sundaram
CA Final
★ 110
1
349
Ascertained vs Specific
Corporate & Other Laws
answered on 30-Dec-23 09:01
X agreed to purchase 300 tons of wheat from Y out of a larger stock. X sent his men with the sacks and 150 tons of wheat were put into the sacks Here, is the contract is for a sale of unascertained goods or specific goods?
latest answer
Section 21 has been used in the answer as the question is about who will bear the loss in case of fire. This a contract of sale of specific goods(or ascertained goods) which are to be put into a deliverable state, the goods are identified after the contract of sale is made, therefore they are ascertained goods in the given situation.
Vishnu Muraleedharan
CA Final
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3
756
Inventory Valuation - Page 4.23 Q.4
Accountancy
answered on 13-May-25 15:54
4. Physical verification of stock in a business was done on 23rd June, 2020. The value of the stock was ` 48,00,000. The following transactions took place between 23rd June to 30th June, 2020: i) Out of the goods sent on consignment, goods at cost worth ` 2,40,000 were unsold ii) Purchases of ` 4,00,000 were made out of which goods worth ` 1,60,000 were delivered on 5th July, 2020. iii) Sales were ` 13,60,000, which include goods worth ` 3,20,000 sent on approval. Half of these goods were returned before 30th June, 2020. iv) Goods are sold at cost plus 25%. However, goods costing ` 2,40,000 had been sold for ` 1,20,000 Determine the value of stock on 30th June, 2020. Answer key has assumed that other half of goods sent on Sale or Return has been sold. The cost of goods returned has been added back. My question is, why is the cost of goods returned being added back? These transactions occured between june 23 and june 30, thus the goods sent were a part of stock on june 23rd. Agreed, cost of sold goods will be reduced, but why is the cost of goods sent, and subsequently returned, being added back?
latest answer
Are you talking about case iv) ? There, sale price is 25% over cost. This means that if cost is 100, selling price is 125 Then you reduce selling price by 20% to get to cost
Vishnu Muraleedharan
CA Final
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8
1K+
Consignment Account - Abnormal Loss and Insurance
Accountancy
answered on 26-Dec-23 17:36
If we have an abnormal loss, can we just show it at the gross amount in Consignment Account? Further, what would the treatment be if Insurance paid out more than the loss?
latest answer
Loss - Show at the gross amount as explained in class.
Vishnu Muraleedharan
CA Final
★ 32K+
1
382
Conversion from old course ca final to new course
Exams
answered on 24-Dec-23 15:57
I like to know time limit to apply for conversion from CA final old course to new course
latest answer
It's announced that after completion of Nov 23 exams everything would be automatically converted into the new scheme.
swaminathan sundaram
CA Final
★ 110
1
557
Marginal relief
Direct Taxation
answered on 26-Dec-23 23:13
Why is marginal relief not given even though total income exceeds ₹5crore
latest answer
Ok. Got it.
Sushmita Chowdhury
CA Inter
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19
1K+