Accountancy: Acceptance of approximation in exams.

answered on 31-Oct-22 19:52

If there is a small difference between the answer key and our answers(say, 1-2), due to approximation, will they be considered as an error?If not, then to what extent will they be accepted? Also should we provide by way of footnote that there maybe small differences due to approximation?

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Ok. Thank you

Dharani Chakravarthi

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AS 1

answered on 02-Nov-22 08:59

X & Co. a partnership firm has prepared its books of accounts on cash basis. Comment. Will your answer change, if the entity is a company i.e.,X Ltd.

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https://youtu.be/SBz6fh6rFJI

Mahendar Peraboina

CA Inter

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182

Audit report

answered on 31-Oct-22 17:47

Shouldn't the answer be incorrect as they have mentioned auditor should issue adverse opinion and not disclaimer of opinion Q4

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Thanks

Gauri Shete

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#8 Question of the day (Accounts)

answered on 31-Oct-22 22:23

M/s. Dayal Transport Company purchased 10 trucks @ Rs. 50,00,000 each on 1st July 2017. On 1st October, 2019, one of the trucks is involved in an accident and is completely destroyed and Rs. 35,00,000 is received from the insurance in full settlement. On the same date, another truck is purchased by the company for the sum of Rs. 60,00,000. The company writes off 20% of the original cost per annum. The company observes the calendar year as its financial year. Give the motor truck account for two years ending 31st December, 2020

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Correct Answer

Sudha Reddy

CA Final

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CAPITAL BUDGETING

answered on 31-Oct-22 17:33

How to calculate MIRR

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MIRR = square root of ( FV of + ve cash flows at cost of capital / PV of - Ve cash flows at financing cost) - 1

Manoj Raj

CA Final

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What does profit after tax and depreciation mean

answered on 31-Oct-22 15:45

Does it mean tax has been deducted and depreciation added back?

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Tqsm

Shru Kanda

CA Inter

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366

Theoretical distribution

answered on 01-Nov-22 12:07

9th question

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Thank you so much but Ye question 1/3 se reverse trick se solve que nahi ho raha

Ashwini Kulkarni 19

CA Inter

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Small doubt

answered on 31-Oct-22 09:27

Can anyone explain explain the point of iii part in question no 01.......

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look at b) under exception of cost of inventory...it says storage cost shouldn't be included

Balachandar S

CA Inter

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Bill of exchange

answered on 31-Oct-22 00:01

What does point ii) under notes mean...why is that given here...how is that related to BOE

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Got it ... thanks

Yamuna S

CA Inter

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235

Average due date

answered on 31-Oct-22 15:13

Why interest has to be calculated here.

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Ok sir, understood. Thank you

Vijay K

CA Inter

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