CA Foundation

Shares – CA Foundation Accounts Study Material

Shares – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Shares – CA Foundation Accounts Study Material Question 1. How may a Company utilise its Securities Premium Reserve as per Com-panies Act, 2013₹ Answer: Issue of shares (at premium) [Section 52]: A company may utilise its Securities Premium …

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Not for Profit Organisation – CA Foundation Accounts Study Material

Not for Profit Organisation – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Not for Profit Organisation – CA Foundation Accounts Study Material Question 1. Income and Expenditure A/c. Answer: Income and Expenditure A/c: Income & Expenditure Account – is just like a profit & Loss account. All …

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Account Current – CA Foundation Accounts Study Material

Account Current – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Account Current – CA Foundation Accounts Study Material Question 1. Account Current. Answer: Account Current: → Account Current is a statement rendered by one party to other giving details of transactions with that party together with the …

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Average Due Date – CA Foundation Accounts Study Material

Average Due Date – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Average Due Date – CA Foundation Accounts Study Material Question 1. What is average due date₹ List out various instances when average due date can be used. Answer: Average due date and various instances when average …

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Partnership – CA Foundation Accounts Study Material

Partnership – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Partnership – CA Foundation Accounts Study Material Question 1. Rules applicable in absence of partnership deed. Answer: Rules applicable in absence of partnership deed: In the absence of any provision in partnership deed, following provisions of partnership Act …

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Consignment Accounting – CA Foundation Accounts Study Material

Consignment Accounting – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Consignment Accounting – CA Foundation Accounts Study Material Question 1. Account sale. Answer: Account sale: Account sale is a statement sent by consignee to consignor periodically. It gives details of transactions entered by consignee on behalf of …

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Debentures – CA Foundation Accounts Study Material

Debentures – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Debentures – CA Foundation Accounts Study Material Question 1. Meaning of debentures. Answer: Meaning of debentures: → Debenture means “an instrument in writing issued by a company under its common seal, acknowledging its indebtedness for a certain sum …

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Final Accounts – CA Foundation Accounts Study Material

Final Accounts – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Final Accounts – CA Foundation Accounts Study Material Question 1. Discuss the limitations which must be kept in mind while evaluating the Financial Statements. Answer: Limitations of Financial Statements: The following are the limitations of financial statements: …

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Sale on Approval Basis – CA Foundation Accounts Study Material

Sale on Approval Basis – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Sale on Approval Basis – CA Foundation Accounts Study Material Question 1. Meaning of sale on approval basis. Answer: As per the definition given under the Sale of Goods Act, 1930, in respect of such …

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Depreciation – CA Foundation Accounts Study Material

Depreciation – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Depreciation – CA Foundation Accounts Study Material Question 1. Meaning of depreciation. Answer: Meaning of depreciation: An expenditure which results into enduring benefit (long-term benefit) are treated as capital expenditure/fixed assets. Fixed assets are those assets which are …

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Inventory Valuation – CA Foundation Accounts Study Material

Inventory Valuation – CA Foundation Accounts Study Material is designed strictly as per the latest syllabus and exam pattern. Inventory Valuation – CA Foundation Accounts Study Material Question 1. Periodic inventory system Answer: Periodic/Physical inventory system No records of inventory are maintained. Inventory is ascertained by physical counting at the end of the year and then …

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