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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - Only items of revenue nature pertaining to the period of accounts are shown in the:
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3 weeks ago | [YT] | 0
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - Opening Stock, Closing Stock, Sales Return and Sales are ₹2,80,000; ₹3,20,000; ₹45,000 and ₹24,20,000 respectively. If rate of gross profit is 25% on cost, then gross profit will be:
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3 weeks ago | [YT] | 0
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - Following information is given for the year ending 31.03.2023:
Salaries outstanding and paid in advance on 01.04.2022 were ₹33,000 and ₹22,000 respectively.
Salaries paid during the year 2022-2023 ₹3,30,000.
Salaries paid in advance and outstanding on 31.03.2023 were ₹16,500 and ₹44,000 respectively.
The amount of salaries to be shown in Income and Expenditure Account for the year ending 31.03.2023, will be:
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3 weeks ago | [YT] | 0
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - On 31.03.2023 the debtors of a trader are ₹7,50,000 before writing off the bad debts of ₹25,000.The provision for bad and doubtful debts is 5% on debtors and provision for discount on debtors is 2%. The amount of net debtors shown in the balance sheet as at 31.03.2023, will be:
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3 weeks ago | [YT] | 1
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - At the end of the accounting year, advances from customers are:
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4 weeks ago | [YT] | 2
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - Profit before interest on loan and manager's commission were ₹4,25,250. Interest on loan is ₹42,000. If the manager is entitled a commission of 5% on net profit after charging such commission then manager's commission will be:
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1 month ago | [YT] | 2
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - Salaries paid during the year 2022-23 were ₹4,70,000. Salaries outstanding on 01 .04.2022 were ₹65,000 and it was also outstanding for three months on 31.03.2023. The amount of salaries shown in Income and Expenditure Account will be:
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1 month ago | [YT] | 1
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - On 31st March, 2023, the debtors of a trader are ₹6,20,000 before writing off the bad debts of ₹15,000. The provision for bad and doubtful debts is 5% on debtors and provision for discount on debtors is 2%. The amount of provision for discount on debtors is:
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1 month ago | [YT] | 1
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - Joint Venture with XYZ Account, is opened:
A - when separate set of books is maintained for joint venture.
B - when not maintaining separate set of books for joint venture but every Co-venturer keeps record his own transactions only.
C - when not maintaining separate set of books for joint venture but every Co-venturer keeps complete record of all the transactions.
D - In all the above situation, (a), (b) and (c)
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1 month ago | [YT] | 1
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Edu for All : CA CMA R.Kumar📚
CMA Inter (December 2023) - Shiva received a bill for ₹58,550 from Vijay and endorsed it in favour of Makkhu. On the date of maturity, the bill was dishonoured and for it noting charges of ₹450 paid by holder. In this case Shiva will debit:
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1 month ago | [YT] | 0
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