Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - Assertion (A) and Reason (R):
Assertion (A): Goodwill is an intangible asset but not a fictitious asset.
Reason (R): Goodwill does not have any physical existence.
Fictitious assets are not realisable whereas goodwill can be purchased or sold.
Choose the correct option:
A - Both Assertion and Reason are not correct.
B - Reason is correct but Assertion is not correct.
C - Assertion and Reason both are correct but Reason is not the correct explanation of Assertion.
D - Assertion and Reason both are correct and Reason is the correct explanation of Assertion.


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3 hours ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - State which of the following statements is true.
A - The buyer gets immediate possession but not ownership under installment payment system on signing of contract.
B - A marine insurance policy is taken to cover the claim for loss.
C - For independent branch, incorporation of branch trial balance is required.
D - Short-term lease which is often cancellable is known as Leverage lease.

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2 days ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - B & C entered into a joint venture for export of Indian handicraft goods to overseas customers. B sent goods worth ₹2,00,000 to C for export to the U.S.A. C exported goods worth ₹1,75,000 to U.S.A. for ₹2,10,000 and agreed to take away the remaining stock at the same gross profit rate as in the other exports.
The goods will be valued at

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4 days ago | [YT] | 1

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - State which of the following statements is not true relating to AS 10:

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6 days ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - Rekha draws a BOE on Reba ₹20,000 payable in 3 months. On the due date Reba could not make the payment and Reba got it notified from the notary public on payment of noting charges ₹100. Reba requested Rekha to draw a fresh bill for another three months at 12% interest. The amount of fresh bill be

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1 week ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - On January 1, 2025, goods costing ₹1,32,000 were consigned by Mr. Rana of Chennai to his agent Mr. Dhana in Amritsar, at a proforma invoice price of 20% above cost. Mr. Rana paid freight charges ₹4,000. The consignee was paid ₹2,000 per annum towards establishment cost. Mr. Dhana paid ₹1,000 as godown rent for 3 months ended 31st March 2025. 3/4th of goods were sold at 33-1/3% profit on cost.
The value of unsold stock (invoice price) as on 31st March,.2025 is

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1 week ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - State which of the following statements is true.

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1 week ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - If capital at the end of the year is ₹80,000, capital introduced during the year is ₹60,000, drawings for the year are ₹40,000, and loss for the year is ₹1,20,000, then the capital at the beginning of the year was

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2 weeks ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - The following information is given in the trial balance of Rupa Dresses as on 31st March, 2025:
• Bad Debts - ₹12,200
• Provision for Bad and Doubtful Debts on 1.4.2024 - ₹7,500
• Debtors - ₹2,00,000
If further bad debt is ₹1,800 and Rupa Dresses makes a provision for bad and doubtful debts @ 5% on Debtors, the amount of such provision to be shown in Balance Sheet as at 31st March, 2025 will be

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2 weeks ago | [YT] | 0

Edu for All : CA CMA R.Kumar📚

CMA Inter (June 2025) - Which of the following is not an accounting convention?

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2 weeks ago | [YT] | 0