Solved Ans. Accounts CA IPCC Nov. 2010 1 Attention C.A. Pcc & Ipcc Students Ipcc_Nov.10 Solved Ans. Acc. Ipcc_Nov.10 Keep Watching our website* for further solution. *www.jainclassesonline.com (No.1 Institute of Jharkhand) C.A. CPT‚ PCC‚ IPCC & FINAL Solved Ans Prepared by : C.A Arvind Kumar Jain and Team Members (Disclaimer : Questions asked in the exam may have wrong/inadequate information and/or ambiguous language. In that case the answers provided by institute may differ from
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Constitutional Law - The term constitution comes from the Latin word constitutio‚ used for regulations and orders. Constitutional law is also referred to as “supreme law or “highest law of the land”. This is because it is the foundation of a state wherein it comprises primary law and fundamental principles which defines the relationship of the three important branches within a state‚ namely‚ the executive‚ the legislature and the judiciary. This law also illustrates the scope and limitations of the
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refers to the amount of Current Assets that exceeds Current Liabilities (i.e. CA - CL) - Working Capital refers to that part of the firm’s Capital‚ which is required for Financing Short-Term or Current Assets such as Cash‚ Marketable Securities‚ Debtors and Inventories. Working Capital is also
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Tutorial 8 10.20 You are an assurance services senior and your client is Antique Collectibles Pty Ltd (AC)‚ a small company that specialises in buying and selling antique Australian-made bush furniture. AC purchases pieces at auction‚ cleans and repairs them‚ then sells them to the general public. This is the first year that your firm has conducted AC’s audit. AC is a small owner-managed business that does not have complex organisational structure or an advanced information system. Due to the size
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Business Report To The Investors Executive Summary For any organization that is starting it is very important to know the financials operation of the business in details. This helps the leaders to perform better research and take correct decisions at the correct times. The various issues that are involved in the operations of the enterprise would be dealing in a manner that the budgets and other statements might help them to analyze the future prospects in a better way. The various things that are
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stuck the Toyota’s cash and hence making the company susceptible to drop down in industry. “It is used to analyze the performance of a business. This ratio defines the effectiveness of the business while utilizing its working capital blocked in debtors. It also defines the frequency of alteration of receivables into
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EVALUATING FINANCIAL PERFORMANCE 1 Prepared by: Kha Pham CHAPTER OBJECTIVES The principles of interpretation of financial information‚ especially the importance of comparisons Why non-financial information is needed to supplement financial information How to calculate and interpret profitability ratios‚ especially ROCE and its components How to analyse a company’s borrowings in terms of gearing and interest cover 2 CHAPTER OBJECTIVES (CONT’D) How to calculate liquidity and
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Study Session 12 : Dissolution Of Partnership Introduction In the previous study session‚ you have learnt about the reconstitution of a partnership firm which takes place on account of admission‚ retirement or death of a partner. In such a situation while the existing partnership is dissolved‚ the firm may continue under the same agreement if the partners so decide. This brings an end to the existence of firm‚ and no business is transacted after dissolution except the activities related to closing
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existing credit prior to the contract to be rescinded b. fraud on the part of the debtor c. creditor cannot recover his credit in any other manner 4. Contracts which refer to things under litigation 5. All other contracts specially declared by law to be subject to rescission Article 1382 ▪ Payments made in a state of insolvency ***Payments made in state of insolvency for obligations to whose fulfilment the debtor could not be compelled at the time of they were effected‚ are also rescissible.***
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a) Advise on the relationship between a bank and its customer. Explain the duties and rights each has towards each other. b) Name and discuss any three types of negotiable instruments AUTHOR: KATALILO JOY INTRODUCTION This paper is aimed at discussing the relationship between a bank and its customer and the duties and rights each has towards each other. In discussing the relationship a scenario will be considered. The paper will further discuss
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