Sir
I would like to clarify some doubt regarding Financials Presentation and E Forms for Annual Filing i.e. As per AS Financials should be presented in Hundreds, Thousands,.... But while Fill up the E Forms AOC 4 everything should be filled up in absolute rupees only (INR ) .No rounded off allowed .
Then how will ROC Cross verify these things if we presented the amount in Hundreds but filled in INR ?
Or Financials should be presented with complete digit like Rs.100000 may be disclosed as
Rs.1000.00 in case Figures mentioned in Hundreds ?
Kindly clarify the above
If I don’t write Ca Final Exam in Nov 23 after filling the exam form, will I get Set C and Set D exemption from May 24 onwards ? Or will it change ?I have cleared both groups of IPCC in 2017. I have given 7 papers during IPCC according to that times course. So are Set C and Set D completely exempted or only 1 of it is exempted?And I have also attempted Ca Final Exam in earlier attempts but could not clear.
Answer nowI have made a mistake by entering the wrong date in the registration form I.e. 26/12/2022 instead of 13/12/2023 in the form 103 due to which I'm loosing my attempt in Nov 24 and it came to my knowledge when confirmation letter came from institute and served 8 months in the current firm.
Please tell me how to rectify it
My due date of Articleship registration is on or before 30 th April,2023
I want to fill again fresh Articleship registration form on 10 may,2023( i.e after 30th April) because old form filled on 4th April,2023(i e before 30 th April) was wrongly filled due to which not getting ro approval .
Now last option is to request cancellation of old form and fill new Articleship registration form
Would my ca final attempt get delayed or there are extra 30 days available (with penalty) after 30 th April to refill fresh Articleship form?
Please help me out with same!
Please suggest a reference book for CA final new syllabus
Answer nowHi,
I had started my articleship on 19th October, 2021 at a firm and terminated the same on 6th December, 2021 (after 1 month and 17 days).
I had joined another firm on 19th April, 2022 ( after a break of 4 months and 13 days).
My firm is treating me as second year trainee from 19th October, 2022.
Please guide me when will I be eligible for Industrial training and how the gap of 4 months and 13 days will be treated for this purpose?
If we consider it as normal study leave, i will be eligible from 19th April, 2023. However, if it is treated as a gap and is avoided for the 18 months eligibility count, I will be eligible from 1st September, 2023.
Please help me out with this.
Thanks and regards,
Harshit Singh
Q.5 The following figures of Ram Ltd are presented as under:
EBIT
Rs. 23,00,000
Less: Debenture Interest @ 8%
Rs. 80,000
Long Term Loan Interest @ 11%
Rs. 2,20,000
PBT
Rs. 20,00,000
Less: Income Tax
Rs. 10,00,000
PAT
Rs. 10,00,000
EPS
Rs. 2
MPS
Rs. 20
PE
10
The Company has undistributed reserves and surplus of Rs. 20 Lakhs. It is in need of Rs. 30 Lakhs
to payoff debentures and modernize its plants. It seeks your advice on the following alternative modes
of raising finance.
Alternative 1: Raising entire amount as term loan from banks at 12 percent
Alternative 2: Raising part funds by issue of 1,00,000 shares of Rs. 20 each and the rest by term loan
at 12%
The company expects to improve its Rate of Return by 2% as a result of modernization, but PE is
likely to go down to 8, if entire amount is raised as Term Loan.
Advise the company on the Financial Plan to be selected.
For CA Final FR Nov'23 attempt, which faculty is good - Parveen Sharma or saarthak jain?
Answer nowDear Sir/Madam,I have applied for CA INTERMEDIATE Group II for May 2023 attempt under unit 10 scheme. I have not give attempt for May 2022 &Nov2022. I have opted unit 10 in notification it has been mentioned that single sitting. What is the meaning of single sitting. Is I need to write 3 papers or 4 papers? . Please resolve this issue sir/madam.
Answer now
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Financials Presentation Vs E Forms for Annual Filing Reg