What after CA, CS, CMA? When i was doing my CA, i thought after i clear my exam it will be the end of studies. Not sure how many of your felt this way. But i have realised that learning is a never ending process. And in this fast evolving and connected world, being updated with the changing world is not a luxury but necessity. In this Webinar Bhave Sir shares this experience and takes questions from participants. What Career path one has to take, what are the feasible career option after you have qualified?, I am a CA but want to make a career in Law? , I am CS and thinking about Global course etc.
CA Final remains one of the most difficult exam to crack. With pass percentage ranging from 4-6%. There are many students who are unable to clear the last hurdle. Students are in doubts about what to do? Is my approach right? Are things going wrong? What should i do to clear the exam? Should i look for alternate career opportunity? Peer Pressure. A sense of being marginalised and left out. Bhave Sir shares his experience on Tips to pass CA Final. Why in CA Final 200 is equal to 400 and 199 is equal to 0 ? Bhave Sir has his own unique prescriptive to things and that's why he is popular among student.
Why do company issue debentures, when they can borrow money from Bank.
Debentures are loan which company borrow's from general public .Although Companies can borrow money from Bank many companies go to bank as a last resort of funding. When bank lend money they generally place restriction on how that money can be used. ex- borrowed fund can be used only for capital expenditure or they limit companies ability to raise additional funds till this loan is repaid. etc.
Thus most companies in order to avoid this go for loan from general public i.e Debenture.
General public on the other hand get good return 11-13% . Compared to Government deposit schemes (NSC 8.5% ) or Bank Deposit (8%-9.5%) . Surely this extra returns of 2-4% comes with risk.
Definition Consideration Section 2(d) "When at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing or promises to do or abstain from doing something, such an act or abstinence or promise is called consideration for the promise"
Lets break the definition :
1.When at the desire of the promisor
2a. the promisee or any other person has done or abstained from doing [past tense]
2b. or does or abstains from doing [present tense]
2c. or promises to do or abstain from doing something[future tense]
3.such an act or abstinence or promise
4.is called consideration for the promise
1.A new machine was purchased in Delhi and brought to Jaipur factory site for installation. The machine was damaged during transit and repair expenses were incurred amounting to Rs.20,000. Such repair will be treated as :
(a) Capital expenditure
(b) Revenue expenses
(c) Deferred revenue expenditure
(d) Reserves
2.A cheque for Rs.500 received from Yuvraj & Co. was dishonoured and debited to Discount Account. Due to rectification of this error, net profit will :
(a) Decrease by Rs.1,000
(b) Increase by Rs.500
(c) Increase by Rs.1,000
(d) No change
3.The beginning stock of the current year is overstated by Rs.500 and closing stock is overstated by Rs.1200. Effect on profit :
(a) Rs.1700 (overstated)
(b) Rs.1200 (understated)
(c) Rs.1700 (understated)
(d) Rs.700 (overstated)
4.What will be the effect when return inward is wrongly entered as return outward ?
(a) Gross Profit is increased by 100.
(b) Gross Profit is decreased by 100.
(c) Gross Profit is increased by 200.
(d) Gross Profit is decreased by 200.
Visit to take chapter wise quiz: http://www.meraskill.com/cpt-question-paper
Answer :1b,2b,3d,4c