CMA updates
Preparation of Financial Statements of Not-for-Profit Organisations Question 1.Write short note on the following:Features of Income and Expenditure Account (June 2019, 5 marks)Answer:Features of Income and Expenditure Account: It follows Nominal Account. All expenses of revenue nature for the particular period are debited to this Account on accrual basis. Similarly, all revenue incomes related to […]
Preparation of Financial Statements of Commercial Organisations Question 1.Write short note on the following:Provision for Discount on Debtors (June 2019, 5 marks)Answer:Provision for Discount on Debtors:We know that cash discount is allowed by the suppliers to customers for prompt settlement of cash. Naturally a provision is created for this purpose. Thus, the provision which […]
Bills of Exchange CMA Inter Financial Accounting Question 1.Write short flotes on the following:(a) Accommodation Bill (June 2016, 5 marks)(c) Rebate on Bills Discounted (June 2016, 5 marks)Answer:(a) Accommodation Bill: An Accommodation Bill is a bill of exchange signed by-a party as drawer, drawee, endorser to accommodate another party whose credit is not strong enough […]
Accounting Fundamentals – CMA Inter Financial Accounting Question 1.Write short note:(c) Accounting convention of consistency; (Dec 2012, 5 marks)Answer:In order to enable the management to draw important conclusions regarding the working of a company over a number of years it is essential that accounting practices and methods remain unchanged from one accounting period to another. […]
MCQs on The Indian Contract Act, 1872 Part 1 Q.1:- The person making the proposal is called the and the person accepting the proposal is called : a).Proposor/ Proposee b).Promisee/ Promisor c).Promisor/Promisee d).Proposee/ Proposor Correct Option: C Q.2:- Every promise and every set of promises, forming the consideration for each other, is called as: a).A […]
CA Inter May 2023 Exam Date The CA Inter May 2023 exams date was officially announced by ICAI. The schedule was provided on the official website so that students could plan their preparation accordingly. CA Inter Exam Date May 2023 The exams date for CA Inter May 2023 was released by ICAI through an official notification. […]
CMA Bhawan CMA Bhawan is widely recognized as the official hub of the Institute of Cost Accountants of India (ICMAI). Important academic activities, seminars, and student services are conducted here. CMA Bhawan Kolkata CMA Bhawan Kolkata is regarded as the headquarters of ICMAI, where student support, registration, and training programs are provided under professional supervision. CMA Bhawan […]
icmai cma foundation result june 2023 The ICMAI CMA Foundation Result June 2023 was declared on the official ICMAI website, where candidates were able to check their marks using their registration number. cma foundation result date 2023 The CMA Foundation Result Date 2023 was announced by ICMAI, and students were informed through the official portal. cma foundation result The CMA Foundation Result […]
CMA Result The CMA result is declared by the Institute of Cost Accountants of India (ICMAI) for candidates who appeared in the examination. It is published online on the official ICMAI portal, where candidates can check their score and download the marksheet. ICMAI CMA Foundation Result June 2023 The ICMAI CMA Foundation result for June 2023 was announced on the […]
CMA Admit Card The CMA admit cards is issued by the Institute of Cost Accountants of India (ICMAI) to all registered candidates before the examination. It is made available on the official website and can be downloaded by entering the required login details. The admit card is provided as proof of the candidate’s eligibility to appear […]