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Illustration 63

AFM

answered on 17-Apr-24 09:36

Hello Sir, In option 1, they have mentioned that the average of spot has to be considered right for the invoicing which will be @ 1.1965 as there is no transaction risk.

latest answer

Here question is not saying average of bid ask. it just average spot rate - but yes what you said could also be an interpretation However transaction risk not being there is not with ref to bid ask spread but w.r.t UK company invoicing in Pounds to a german co. so that inflows will be in pounds

Suresh Avinash

CA Final

★ 3K+

General

Accountancy

answered 2 days ago

Sir I still have to complete amalgamation internal reconstruction and consolidation chapter videos I am pannic I have more videos to watch, how to complete on tym i am in struggle of tym I wanted to write mock for accounts Plz help me out with tis Kindly provide me some marathoon for consolidation alone plz sir I have rest of my subjects also to complete

latest answer

Don’t panic Based on the time available make a plan of your own. Whatever you have completed be 100% clear in those concepts

nive krish

CA Inter

★ 255

Ind AS 12 deferred tax

Financial Reporting

asked on 16-Apr-24 22:00

Video No 14 Illustration 4 Tax base and carrying are required to take a decision whether the difference is DTA or DTL.. In this question tax base and carrying can I assume and do it.

latest answer

No answers yet!!

swaminathan sundaram

CA Final

★ 110

Presentation of sections in Exam

Exams

answered on 17-Apr-24 08:52

What if we forget about the sub sections / proviso in a section but we are good at sections.. shall we write like this in exams ? "As per the provisions of Section 105" as attached below for reference whether we lose marks If we write like this without mentioning sub-sections ?

latest answer

Yes, but for scoring good marks try to remember the sections & subsections.

Jashvanth.K

CA Inter

★ 5K+

Test Series on Individual Chapters

Exams

answered on 16-Apr-24 19:47

Dear Team, A notification came that mock test series have been updated in your profile. But when i saw the profile status its not get updated. Please update regarding the issue. I attach the notification. And i have an another doubt regarding mock test exams. can you conduct exams based on each chapter or with each 3 chapters in every subject??? and explain how many full 100 marks test will be conducted for each subject?? Kindly, share the schedule details of mock test for each subject with chapters list.

latest answer

Mock are for students who buy full subject and not individual topics. we have only full mocks and no chapter wise mocks

PG Bhanusree

CA Final

★ 0

ITC

Indirect Taxation

asked on 16-Apr-24 11:47

ITC is claimed on inward supplies. So in this sum it shd be calculated on 75L but we are calculating on 80L . How?

latest answer

No answers yet!!

Shruthi Nachammai

CA Inter

★ 4K+

Sa 510

Auditing

answered on 16-Apr-24 11:52

Mam precedesor auditor of xyz Ltd is AB&co where B is engagement partner. Current auditor is BC&co now also B is engagement partner Is now SA 510 is applicable mam?

latest answer

It will be applicable as we discuss auditors in the context of firm. For his wrong opinion, the new firm will be liable. Therefore, it’s important for him to verify the opening balances. However, usually in case of companies, u need to check with the concept of rotation and also about common partners . There could be familiarity threat so same engagement partner will not be appointed as a measure of safeguard to any threat to independence.

lohith perumalla

CA Inter

★ 8K+

Supply

Indirect Taxation

answered on 16-Apr-24 07:47

In this example 80 why they treated separately as Supply of goods and Supply of service Why they didn't take principal supply of labour service as Supply of service and ancillary activity of providing spare parts as Supply of goods and the entire activity is regarded as Supply of service right .. please explain

latest answer

If they are shown seperately in a invoice then it is a individual supply