Inherent limitation on auditing

answered on 09-Sep-21 10:29

Factors affecting inherent limitation of audit is good or bad for the entity

latest answer

Thanks

Gandhi k

CA Inter

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2

2K+

Bailment

answered on 10-Sep-21 12:02

Sir give an example for Suit by bailor and Bailee against wrong doers

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If a third person wrongfully deprives the bailee of the use or possession of the goods bailed, or does them any injury, the bailee is entitled to use such remedies as the owner might have used in the like case if no bailment had been made; and either the bailor or the bailee may bring a suit against a third person for such deprivation or injury. This is from book example

B. S. V Subramanyam

CA Inter

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2

284

Bailment

answered on 09-Sep-21 17:51

Sir explain 9 que 2 nd point c point

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Still they should retain until they pay

B. S. V Subramanyam

CA Inter

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3

278

Bailment

answered on 09-Sep-21 12:09

Sir explain not to set up an adverse title 7 que 6th point

latest answer

Adverse title means title set up in opposition to another's title. Point says, bailee has a duty not to claim title / ownership of goods. It cannot later say, no these are mine or X's goods, not bailor's goods

B. S. V Subramanyam

CA Inter

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1

252

AS 10

answered on 09-Sep-21 08:39

Asset acquired in exchange . Journal entry of the attached question ?

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My pleasure

Chandan Subudhi

CA Final

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7

288

Error in trial balance

answered on 03-Oct-21 17:15

When we will come to whether we have created any compensating or non compensating error in trail balance

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okay

Harsh sharma

CMA Inter

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8

360

Bailment and pledge

answered on 08-Sep-21 21:47

Difeerence bw possesion and custody

latest answer

Custody relates to care or legal right over goods. Example, servant has custody of goods to look after them. Possession involves more control over them which could be in the form right to use, right to move / shift around etc.

B. S. V Subramanyam

CA Inter

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1

343

Basic doubt

answered on 08-Sep-21 23:24

What is the logic behind using "To" and "By" in Ledger accounts?

latest answer

Thank you

Girinath A

CA Inter

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3

298

salaries additional illustration 5

answered on 09-Sep-21 15:33

conveyance alloowance of rs 1000 pm is given by the company towards actual reimbursment of conveyance spent on official duty This point is not discussed in the video. what is tthe treatment in relation to such point?

latest answer

ok thank u

Vijay Ramesh

CA Final

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2

276

npo

answered on 08-Sep-21 16:10

sale of machine comes to which account b/s or I&E ? ifcomes in I&E which head its come ?

latest answer

In case of sale of fixed assets by a non profit organisation the gain or loss if any will be recorded in the income and expenditure account, the cash proceeds will be recorded in receipts and payments account and the cost of the amount is deducted from the respective asset in the balance sheet.

Fayis E

CA Inter

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1

262