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Introduction to Law and Legal System in India – CMA Inter Law and Ethics Question 1.Distinguish between ‘Ratio Decidendi’ and ‘Obiter Dicta’ in a judgement by a Court. (Dec 2018, 4 marks)Answer:Ratio Decidendi: These are the principles derived from a particular case, which underlie any judicial decision. These principles act as guidelines for future similar […]
ICMAI Result The ICMAI result is announced periodically by the Institute of Cost Accountants of India. Students are informed of their scores and grades once the evaluations are completed. ICMAI CMA Foundation Result June 2023 The ICMAI CMA Foundation result for June 2023 was declared after the assessments were conducted. Candidates were provided with their marks and pass status […]
Celebrate Dussehra with a 30% off on All New Admissions at Excellent Commerce Point! As the festive season approaches, Excellent Commerce Point is delighted to announce an exciting offer that will make your journey toward academic excellence even more rewarding! This Dussehra, we are offering an incredible 30% discount on all new admissions. Whether you’re […]
Business Ethics and Emotional Intelligence – CMA Inter Law and Ethics Question 1.Write a qualitative note on ‘ethics philosophies’. (Dec 2012, 5 marks)Answer:The following are some of the ethics philosophies:1. Deontological ethical theoryThe word ‘deontological’ is derived from the Greek word “Deon” meaning ‘duty’ or ‘obligation’. Deontological theories focus on certain fundamental duties that we […]
FINANCIAL ACCOUNTING QUESTION ANSWERS Accounting Fundamentals Bills of Exchange, Consignment, Joint Venture Preparation of Final Accounts of Commercial Organisations, Not-for-Profit Organisations and Incomplete Records Preparation of Financial Statements of Commercial Organisations Preparation of Financial Statements of Not-for-Profit Organisations Preparation of Financial Statements from Incomplete Records Partnership Accounting Lease Accounting Branch (including Foreign Branch) and Departmental […]
CMA Inter Financial Accounting MCQs Question 1.From the four alternative answers given against each of the following cases, indicate the correct answer:(i) Realisation account is opened at the time of(A) Admission of a new partner(B) Retirement of a partner(C) Dissolution of the Firm(D) In all the above situationsAnswer:(C) Dissolution of the FirmDissolution of the firm: […]
Accounting Standards Question 1.Write short note:Recognition of Govt. grants related to specific fixed assets (PPE). (June 2017, 4 marks)Answer:Recognition of Govt. grants related to specific fixed assets (PPE):Grants received specifically for fixed asset(PPE) is disclosed in the financial statement either(i) by way of deduction from the gross block of the asset concerned, thus granted recognized […]
Hire Purchase and Installment Sale Transactions Question 1.Distinction between Hire Purchase Agreement and Instalment Purchase Agreement (Dec 2018, 5 marks)Answer:Hire Purchase Agreement differs from Installment Purchase Agreement in the following respects: Basis of Distinction Hire Purchase Agreement Installment Purchase Agreement 1. Act governing It is governed by Hire Purchase Act 1972. It is governed […]
Insurance Claim for Loss of Stock and Loss of Profit Question 1.Write short note on the following:Consequential Loss Policy. (Dec 2018, 5 marks)Answer:Business enterprises get insured against the loss of stock on the happening of certain events such as fire, flood, theft, earthquake, etc. Insurance being a contract of indemnity, the claim for loss is […]
CA Inter Classes At ECP Institute, CA Intermediate classes are offered with structured study plans and expert faculty guidance. Every subject is explained in depth so that exam preparation is handled in a systematic way. Modern teaching methods are used to make learning easier for students. CA Inter Classes Near Me When searched for CA Inter classes near me, ECP Institute […]