-
Admin posted in the group CA Final Direct Tax (Paper 7) Discussion Group
The turnover of Mr. Aarav, engaged in wholesale trading business, for
the P.Y.2020-21 is ` 2 crore and the gross receipts of Mr. Vishal,
engaged in legal profession is ` 50 lakhs. Mr. Aarav has been regularly
following mercantile system of accounting and Mr. Vishal regularly
follows cash basis of accounting. Out of the turnover of Mr.…Read More -
Admin posted in the group CA Inter Audit Discussion Group
Statement 1: The establishment of the overall audit strategy and the
detailed audit plan are not necessarily discrete or sequential process but
are closely inter-related.Statement 2: The auditor shall establish an overall audit strategy that
guides the development of audit plan.(a) only Statement 1 is correct
(b) Only Statement 2…Read More
1 Comment -
Admin posted in the group CA Inter Audit Discussion Group
(IESBA Code) related to an audit of financial statements establishes
which of the following as the fundamental principle of professional ethics
relevant to the auditor when conducting an audit of financial
statements:(a) professional judgement;
(b) professional skepticism;
(c) professional intelligence;
(d) Professional…Read More
3 Comments-
Integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
-
Further sa 200 discusses the concept of exercising professional judgement during the course of audit and maintain an attitude of professional skepticism. ( but this are not part of ethical requirements as given in question)
-
You are genius
-
-
-
-
Admin posted in the group CA Final Law Discussion Group
KDS Agro Pvt. Ltd., a newly incorporated company has not mentioned
the names of first Directors of the company in its Articles of Association.
Referring the provisions of the Companies Act, 2013, who shall be
deemed to be the first Directors of the company?(a) The members of the company shall be deemed to be the first
Directors of the…Read More1 Comment-
Subsciber to memorandum shall be the first director of company. Refer section 152(1)
-
-
Admin posted in the group CA Inter Law Discussion Group
Namita Ceramic Goods Limited having 152 members was incorporated
with the main objects to manufacture ceramic goods, glazed, unglazed
floor and wall tiles, etc. and to carry on trading in such products. After
three years of successful operation, it wants to diversify its business by
entering into the field of manufacturing electronic…Read More3 Comments-
d
-
d
-
Testing
-
-
Admin posted in the group CA Inter Taxation Discussion Group
Miss. Raksha is engaged in providing private coaching services in Noida, Uttar Pradesh and is not
registered under GST till 25-Sep-2020. Her aggregate turnover is ` 19,00,000/- on 30-Sep-2020. She got
GST registration on 30-Sep-2020. Which of the following options are available to her?(a) She can pay tax @ 18%, charge it from customer and…Read More
-
Admin posted in the group CA Final Audit Discussion Group
AS PER CLAUSE (XV) OF PARAGRAPH 3 OF THE CARO, 2016, THE AUDITOR IS REQUIRED TO REPORT ON:
a) Whether the title deeds of immovable properties are held in the name of the company. If not,
provide the details thereof.b) Whether the company has entered into any non-cash transactions with directors or persons connected with him
c) Whether…Read More
-
Admin posted in the group CA Final Audit Discussion Group
M/s Ram Raj & Associates have been appointed as statutory auditors of
Venus Ltd. for the FY 2019-20. During the year, the company has
entered into some related party transactions. CA Ram, the engagement
partner has taken a management representation letter regarding the
proper accounting, presentation and disclosure of such related party…Read More -
Admin posted in the group CA Final Law Discussion Group
The Board of Directors of Very Well Ltd. wants to contribute ` 60,000 to
a charitable organization during the financial year 2017-2018. During
the financial year 2015-2016, the company suffered losses. The
Directors are contemplating to contribute the said amount inspite of the
losses. In this connection, state whether the Board of…Read More -
Admin posted in the group CA Inter Law Discussion Group
Innovative Tech Sol Limited intends to invite subscription to ` 1.10
crores equity shares of ` 10 each on private placement basis. The
persons identified as potential subscribers are within the statutory limit
and also include the two other categories to which such statutory limit
is not applicable. One such category is employees of the…Read More - Load More Posts
CA Students' Social Hub
and then
Both the statement are correct.