Forum - CA, CMA & CS Exams

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Way of writing

answered 1 day ago

Can we write answers in our own words ?or do we have to learn by heart the the concept given in the notes?

latest answer

examples are for understanding

Kumar Sarthak

CA Inter

★ 9K+

Audit of items of FS

answered 1 day ago

What does Test check mean? Does it mean to select a sample and check that Or To check the assertions made

latest answer

Thank you sir

Venkatesh Rathinam

CA Inter

★ 13K+

Study material

answered 1 day ago

Sir,I bought ca inter both group classes, And I have taken printout of Indigo learn notes provided in free resources and recently you have started uploading new study material inside the course for LAW,EIS, and economics for finance You did not even mention about such new materials before Now it will be difficult for me to take printout of new books and also it is not good to change material at this point of time since I already started my revision.. So please what do you suggest now.., Shall I continue with old books or they outdated or should i go with new books??

latest answer

Pls continue with old ones. All are updated and relevant - new ones have more charts etc that's all.

Sai Teja

CA Inter

★ 13K+

Proportions

answered 1 day ago

In this example i didn't understand how we find c.p

latest answer

If SP is 100% and Profit on SP is 17.5% then CP is 82.5% right? So if SP is 8.8 then CP is 82.5% of 8.8 i.e 7.26

Bhuvanesh Reddy

CA Foundation

★ 0

AS 19

asked 1 day ago

In AS19 definition of financial lease what is the meaning of - 1. major part of economic life 2. MLP amounts to substantially FV of leased asset what can be considered as the exact % or amounts considered substantial or major

latest answer

No answers yet!!

Priyanka Udeshi

CA Inter

★ 6K+

ROI

answered 1 day ago

In this example, if mr. Paras has 200,000 as interest of NR a/c and not permitted by RBI then whether it will be liable to file return ?? Plz explain..

latest answer

If you are assuming that Mr. Paras has not been permitted by RBI to maintain the account, then it is not exempt. After inclusion, his total income before giving deduction is more than basic exemption limit. Hence he has to file his return. All depends on the assumption.

rinky sharma

CA Inter

★ 720

Overheads

answered 8 hrs ago

Why is insurance taken at 91lacs Instead of 1crore? please explain

latest answer

In the current illustration, icai solved with the assumption that the salvage value will be subtracted from any loss settlement. This assumption may not hold good in all the practical situations.

Priyanka Udeshi

CA Inter

★ 6K+

Exam

answered 1 day ago

I haven't completed my portions yet.. there are many more left, is it possible for me to attend nov 21 exams only grp-1

latest answer

Thank you sir for ur positive words