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Questions and Answers
What is the main objective of the CAT Paper III: Financial Accounting-2 course?
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?
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?
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?
What is the main purpose of asset accounting in the CAT Paper III course?
What are the special transactions covered in the Financial Accounting-2 course?
What are the special transactions covered in the Financial Accounting-2 course?
Which organization published the study notes for Paper III: Financial Accounting-2?
Which organization published the study notes for Paper III: Financial Accounting-2?
Where is the headquarters of The Institute of Cost Accountants of India located?
Where is the headquarters of The Institute of Cost Accountants of India located?
What is the contact telephone number for CMA Bhawan, Kolkata?
What is the contact telephone number for CMA Bhawan, Kolkata?
Where were the study notes for Paper III: Financial Accounting-2 printed?
Where were the study notes for Paper III: Financial Accounting-2 printed?
Who holds the copyrights of the study notes for Paper III: Financial Accounting-2?
Who holds the copyrights of the study notes for Paper III: Financial Accounting-2?
