Accountant
Question : Ram is the personal manager of X limited company. He have been directed by the directors of the company to select a chartered accountant for the company. Which of the following process he will choose?
Option 1: Recruitment
Option 2: Selection
Option 3: Training
Option 4: None of the above
Correct Answer: Selection
Solution : Selection is the process of identifying and choosing the best person out of a number of prospective candidates for a job.
Hence, option B is correct.
Question : Assertion A:- In many situations, the accountant has to make a choice out of alternatives available, e.g., choice in the method of inventory valuation, choice in the method of depreciation (straight line or written down value)
Reason R: - The subjectivity is inherent in personal judgment, the financial statements are, therefore, not free from bias. It is a limitation of financial statements.
Option 1: Both Assertion A and reason R are correct but reason R is not the correct explanation of Assertion A
Option 2: Both Assertion A and reason R are correct but reason R is the correct explanation of Assertion A
Option 3: Both Assertion A is correct but the reason R is not correct
Option 4: Both Assertion A and reason R are not correct
Correct Answer: Both Assertion A and reason R are correct but reason R is the correct explanation of Assertion A
Solution : Answer = Both Assertion A and reason R are correct but reason R is the correct explanation of Assertion A
In many situations, the accountant has to make a choice out of alternatives available, e.g., a choice in the method of inventory valuation, or a choice in the method of depreciation (straight line or written down value). The subjectivity is inherent in personal judgment, the financial statements are, therefore, not free from bias. It is a limitation of financial statements. Hence, the correct option is 2.
Since you already have a post-graduate degree and experience working in the accounts and finance department, you can pursue professional certifications in the field to get an increment in your salary. Certifications like CPA or CMA can enhance your skills leading to better salary prospect.
You can also consider courses in areas such as financial analysis, risk management, or taxation.
I hope this helps,
Thank you
Greetings!
So, here is a list of courses which you can do to increase your salary:
These are the courses which can help you to increase your additional skills, certifications and knowledge. And this courses will help you to increase your salary and career advancements.
Question : Who holds the highest law office in India?
Option 1: Attorney General
Option 2: Accountant General
Option 3: Lieutenant General
Option 4: Solicitor General
Correct Answer: Attorney General
Solution : The correct option is Attorney General.
The Attorney General of India holds the highest law office in India. The Attorney General is the government's main legal advisor and represents the government in legal disputes before the Supreme Court of India. The Attorney General of India's duties and functions are not clearly defined in any provision of the Indian Constitution.
Question : The ratio of Current Assets (Rs.3,00,000) to Current Liabilities is Rs.2,00,000 then the ratio is 1.5:1. The accountant of this firm is interested in maintaining a Current Ratio of 2:1 by acquiring some Current Assets on Credit. The amount of Current Assets which must be acquired for this purpose.
Option 1: Rs 1,00,000
Option 2: Rs 50,000
Option 3: Rs 1,50,000
Option 4: Rs 2,00,000.
Correct Answer: Rs 1,00,000
Solution : Answer = Rs 1,00,000 Let the current assets that should be purchased on credit be X $\frac{3,00,000+X}{2,00,000+X}$ =2:1
Then the value of X Rs.1,00,000. Hence, the correct option is 1.
Hello,
Yes, it's possible to do Chartered Accountancy after completing a B.Tech in CS Engineering. Many people choose to switch fields and explore different career paths. It might require some additional studies and exams, but it's definitely doable. You can pursue CA after engineering. you have to know that CA is considered to be the most difficult stream in commerce. It usually takes 5 years to complete the degree. It can take more than that also.
Hope this helps you,
https://dqxeclau.top/careers/chartered-accountant
Hii There,
key aspects of the scope of a CA course:
Audit and Assurance : Chartered Accountants frequently engage in the examination of financial records for businesses, ensuring compliance with applicable laws and regulations. They can work in audit firms or serve as internal auditors within organizations.
Taxation : CAs specialize in matters related to taxation, encompassing income tax, corporate tax, and indirect taxes. They offer tax planning and adherence services to both individuals and businesses.
Financial Accounting and Reporting : CAs are responsible for the preparation and scrutiny of financial statements, aiding businesses in making well-informed decisions. They also ensure that financial statements adhere to accounting standards.
Management Accounting : Chartered Accountants assume a pivotal role in management accounting, assisting organizations with budgeting, cost analysis, and the assessment of performance.
Consulting : CAs frequently pursue careers as financial consultants, offering guidance to clients on a variety of financial and strategic topics, including mergers and acquisitions, investment strategies, and risk management.
Thanks
Hello Aspirant,
Hope you are doing great. For students who passed their 10+2 exams and have mathematics as one of their required topics, they can join the course of Diploma in Accounting and Finance. A candidate who completes this particular course earns a diploma in accounting and finance. Instead of being an academic course, it is more of a professional one. Anyone who has successfully completed their 10+2 coursework from a school that has been duly accredited by the Indian Government is eligible to apply for this programme. For eligibility, the majority of universities require at least a 50 percent grade average.
Although many prestigious universities also hold their own entrance exams for admission to Diploma in Accounting and Finance courses, admittance to this course is mostly dependent on merit.
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