Forwarded from Mission CA Inter ๐
57. Exam Question : Under non integrated system, journal entry for purchase of material in cash
Anonymous Quiz
37%
SLC DEBIT , CASH CREDIT
53%
SLC debit, CLC credit
10%
CLC DEBIT, SLC CREDIT
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#CASE_STUDY 3
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐1
Forwarded from Mission CA Inter ๐
Refer case above
Anonymous Quiz
55%
Yes, as he is holder in due course
45%
No, forgery is nullity at law and gives no rights to parties who acquired it with forged signature
๐2
Forwarded from Mission CA Inter ๐
๐ธMission CA Inter๐ธ
๐ธCase Study 3 Explanation๐ธ
โญ๏ธ Question
https://t.me/Mission_CA_Inter/1945
๐ธCase Study 3 Explanation๐ธ
โญ๏ธ Question
https://t.me/Mission_CA_Inter/1945
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Forwarded from Mission CA Inter ๐
#CASE_STUDY 4
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
M/s PQR Inc is a company incorporated in USA, it has no branch in India but itโs online products are bought in India through its website, the company accepts payments through online mode and then goods are dispatched through courier to place of customers in India, can M/s PQR Inc be termed as foreign company within the meaning of Companies act 2013
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
M/s PQR Inc is a company incorporated in USA, it has no branch in India but itโs online products are bought in India through its website, the company accepts payments through online mode and then goods are dispatched through courier to place of customers in India, can M/s PQR Inc be termed as foreign company within the meaning of Companies act 2013
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
Forwarded from Mission CA Inter ๐
Forwarded from Mission CA Inter ๐
๐ธMission CA Inter๐ธ
๐ธCase Study 4 Explanation๐ธ
โญ๏ธ Question
https://t.me/Mission_CA_Inter/1950
๐ธCase Study 4 Explanation๐ธ
โญ๏ธ Question
https://t.me/Mission_CA_Inter/1950
Forwarded from Mission CA Inter ๐
โ
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๐ Audit || Regular Bhaskar Book Notes, Audit Param Question Bank and Audit MCQs Book
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๐ Audit || Regular Bhaskar Book Notes, Audit Param Question Bank and Audit MCQs Book
๐จ๐ปโ๐ By CA Ravi Taori Sir
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