MCQ 1 — SA 570
The disclosure that sounds mandatory but isn’t stated that way
Zenith Ltd. is facing severe liquidity problems. The auditor concludes that management’s use of the going concern basis is... Читати далі →
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And let’s plan to... Читати далі →
“CA Journey is a marathon, and the last 100m decides the winner ~ You might be ahead all this while, but imporant is to finish the race!🔥”
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Tomorrow’s Topics with Detailed Revision Videos Link -
SA 550
https://youtu.be/EO42KESJgAM?si=JtCnBxvzebWb2lK_
SA 560, 570 & 580 -
https://youtu.be/IhIE_SwL44s?si=9ZzWpCWHbx6lM... Читати далі →
Tomorrow’s Topics with Detailed Revision Videos Link -
SA 550
https://youtu.be/EO42KESJgAM?si=JtCnBxvzebWb2lK_
SA 560, 570 & 580 -
https://youtu.be/IhIE_SwL44s?si=9ZzWpCWHbx6lM... Читати далі →
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MCQ 5 — SA 520
The difference is ₹3.2 crore. The threshold is ₹4 crore. Is the senior finally right?
Zenith Hotels Ltd. reports room revenue of ₹400 crore.
The auditor develops an expectation of ₹396.8... Читати далі →
The difference is ₹3.2 crore. The threshold is ₹4 crore. Is the senior finally right?
Zenith Hotels Ltd. reports room revenue of ₹400 crore.
The auditor develops an expectation of ₹396.8... Читати далі →
MCQ 4 — SA 450 × SA 530
The audit team found an error. Management says it does not need to be accumulated. Is management right?
During the audit of Nova Ltd., the auditor establishes that amounts below... Читати далі →
The audit team found an error. Management says it does not need to be accumulated. Is management right?
During the audit of Nova Ltd., the auditor establishes that amounts below... Читати далі →
MCQ 3 — SA 501
Inventory is material—but the partner says attendance is unnecessary. Could the partner actually be right?
Atlas Ltd. has inventory of ₹180 crore at year-end.
The auditor determines that... Читати далі →
Inventory is material—but the partner says attendance is unnecessary. Could the partner actually be right?
Atlas Ltd. has inventory of ₹180 crore at year-end.
The auditor determines that... Читати далі →
MCQ 2 — SA 540
The auditor prefers ₹96 crore. Management records ₹100 crore. Who is actually right?
Vega Ltd. has recognised a provision for product warranty obligations.
Management’s estimate is:
₹100... Читати далі →
The auditor prefers ₹96 crore. Management records ₹100 crore. Who is actually right?
Vega Ltd. has recognised a provision for product warranty obligations.
Management’s estimate is:
₹100... Читати далі →
MCQ 1 — SA 505
Management refuses confirmation — but is management actually wrong?
During the audit of Artemis Ltd., trade receivables include ₹14 crore due from Zen Ltd.
The auditor selects Zen for a... Читати далі →
Management refuses confirmation — but is management actually wrong?
During the audit of Artemis Ltd., trade receivables include ₹14 crore due from Zen Ltd.
The auditor selects Zen for a... Читати далі →