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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 

Team Careers360 22nd Jan, 2024

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.

17 Views

i am post graduated and working as a accountant in accounts and finance department last year 2 years... please suggest any course to grow my salary

Tanya Gupta 13th Jan, 2024

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

13 Views

i am post graduated with in commerce background and also working as a accountant last 2 years.... which courses better for me to grow my salary

ishratsadaf8 2nd Feb, 2024

Greetings!

So, here is a list of courses which you can do to increase your salary:

  • Certified Public Accountant (CPA)
  • Chartered Financial Analyst (CFA)
  • Certified Management Accountant (CMA)
  • Data Analytics and Business Intelligence
  • Advanced Excel and Financial Modeling
  • Blockchain and Cryptocurrency Certification
  • Risk Management Certification (FRM)
  • Business Process Improvement (Six Sigma)
  • Business Intelligence and Reporting Tools
  • Negotiation and Communication Skills Training

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.

8 Views

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

Team Careers360 13th Jan, 2024

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.

292 Views

is it possible to do charted accountant after btech cs engineering

Tanya Gupta 6th Jan, 2024

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,

Thank you

https://dqxeclau.top/careers/chartered-accountant


36 Views

Scope of Charted Accountant course?

shivamtrivedi0005 10th Sep, 2023

Hii There,

key aspects of the scope of a CA course:

  1. 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.

  2. 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.

  3. 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.

  4. Management Accounting : Chartered Accountants assume a pivotal role in management accounting, assisting organizations with budgeting, cost analysis, and the assessment of performance.

  5. 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


20 Views

I want to accountant diploma course

LALBEE 29th Jun, 2022

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.

ALL THE BEST

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