Paper III: Financial Accounting-2 Study Notes
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main objective of the CAT Paper III: Financial Accounting-2 course?

  • To prepare students for computerized accounting using Tally ERP 9.0
  • To enable students to gain skills in payroll accounting and asset accounting (correct)
  • To provide knowledge on store accounting and sales accounting
  • To train students in advanced financial accounting techniques

    • What does the term 'statutory deductions' refer to in the context of payroll accounting?

  • Deductions made by the employer for employee benefits
  • Deductions based on individual employee performance
  • Deductions related to professional taxes and other miscellaneous fees
  • Deductions mandated by law, such as EPF, ESI, and income tax (correct)

    • In store accounting, what does 'pricing of purchase of materials' involve?

  • Calculating the net present value of materials
  • Recording the cost of materials purchased (correct)
  • Determining the selling price of materials
  • Calculating the cost of goods sold

    • What is the main purpose of asset accounting in the CAT Paper III course?

    <p>To account for current assets and fixed assets</p> Signup and view all the answers

    What are the special transactions covered in the Financial Accounting-2 course?

    <p>Bills of exchange, consignment, and joint venture</p> Signup and view all the answers

    Which organization published the study notes for Paper III: Financial Accounting-2?

    <p>The Institute of Cost Accountants of India</p> Signup and view all the answers

    Where is the headquarters of The Institute of Cost Accountants of India located?

    <p>Lodhi Road, New Delhi</p> Signup and view all the answers

    What is the contact telephone number for CMA Bhawan, Kolkata?

    <p>+91-11-24666134</p> Signup and view all the answers

    Where were the study notes for Paper III: Financial Accounting-2 printed?

    <p>Sector-63, Noida</p> Signup and view all the answers

    Who holds the copyrights of the study notes for Paper III: Financial Accounting-2?

    <p>The Institute of Cost Accountants of India</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser