Which of the following is an example of Capital Expenditure?
Anonymous Quiz
45%
Inventory of raw materials, work-in-progress and finished goods;
20%
Insurance premium;
9%
Taxes and legal expenses;
26%
None of the above.
❤2
Which of the following errors is not disclosed by a Trial Balance?
Anonymous Quiz
18%
Errors of Omission
10%
Errors of Commission
23%
Compensating Errors
50%
All of the above
👍3
___________ is specially suited to mines, oil wells, quarries, sandpits and similar assets of a wasting character.
Anonymous Quiz
69%
Depletion
9%
Depreciation
16%
Amortisation
6%
Dilapidation
CMA INTER CAA
Equity shares amounting to Rs.2,00,000 are brought back at premium of 5%, by issue of preference shares amounting Rs.1,00,000 at a premium of 10%. Compute amount to be transfer to CRR.
Equity shares amounting to Rs.2,00,000 are brought back at premium of 5%, by issue of preference shares amounting Rs.1,00,000 at a premium of 10%. Compute amount to be transfer to CRR.
Anonymous Quiz
47%
Rs.1,00,000
27%
Rs.90,000
23%
Rs.1,50,000
3%
Rs.50,000
❤4
The notice of the meeting at which the special resolution is proposed to be passed relating to buy back of shares shall be accompanied by an explanatory statement stating –
Anonymous Quiz
61%
Full and complete disclosure of all material facts
18%
Analysis of debt equity
17%
Gross profit ratio before buy back
4%
Chairman’s view on buy back
When shares are forfeited, the share capital account is debited with
Anonymous Quiz
37%
Called-up value of shares
19%
Nominal value of shares
12%
Market value of shares
32%
Paid up value of shares
🥰3
Forfeiture of shares results in the reduction of ______
Anonymous Quiz
36%
Authorised capital
14%
Reserve capital
48%
Paid-up capital
2%
Fixed assets
❤3
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But if you missed our previous schedules, don’t worry this is your fresh starting point!
From tomorrow, follow the plan consistently
WHAT YOU’LL GET:
✅95 Day Study Schedule
✅ Important Guess Questions by Janav
✅ Test Series
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Intrested Students message us for more details
@sahimayoo
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Interested students dm us @sahimayoo
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EASYY AUDITT.pdf
16.6 MB
Audit Memes Book
It's perfect for last-minute revision
📚 Made by students for the students 🤝💪
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EASY SM.pdf
14.9 MB
SM book📚 with memes.comics.visuals - It's 95% English+5%Hindi, Tamil, Telugu.😉
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For Book related queries DM,JANAV
❤11
CMA INTER TAX
Mr. Saral, aged 60 years, opts out of Section 115BAC for P.Y. 2025-26. His total income is ₹5,60,000, comprising salary and FD interest. Find his tax liability.
Mr. Saral, aged 60 years, opts out of Section 115BAC for P.Y. 2025-26. His total income is ₹5,60,000, comprising salary and FD interest. Find his tax liability.
Anonymous Quiz
8%
₹ 9,880
46%
₹ 22,880
25%
₹ 25,480
21%
Nil
The tax payable by Dharma LLP on total income of ₹ 1,01,00,000, is -
Anonymous Quiz
28%
₹ 35,29,340
28%
₹ 32,24,000
39%
₹ 33,21,500
6%
₹ 31,51,200
Dividend income from Australian company received in Australia in the year 2022, brought to India during the previous year is taxable in the case of –
Anonymous Quiz
22%
resident and ordinarily resident only
30%
both resident and ordinarily resident and resident but not ordinarily resident
35%
non-resident
13%
None of the above
Which of the following income would be exempt?
Anonymous Quiz
0%
Income from farm building
28%
Rent from agricultural land
17%
Revenue from agricultural activities
55%
All the above
CMA INTER FMBDA
In Net Profit Ratio, the denominator is:
In Net Profit Ratio, the denominator is:
Anonymous Quiz
7%
Net Purchases
66%
Net Sales
10%
Credit Sales
17%
Cost of goods sold
Inventory Turnover measures the relationship of inventory with-
Anonymous Quiz
30%
Average Sales
56%
Cost of Goods Sold
4%
Total Purchases
11%
Total Assets
The term ‘EVA’ is used for:
Anonymous Quiz
0%
Extra Value Analysis
76%
Economic Value Added
24%
Expected Value Analysis
0%
Engineering Value Analysis
Return on Investment may be improved by:
Anonymous Quiz
11%
Increasing Turnover
0%
Reducing Expenses
21%
Increasing Capital Utilization
68%
All of the above