i m a student of icwai just passed out my foundation exam nd i
wanna know whether it is necessary to 1st go for group 1 of intermediate or group second can also be taken 1st..

Answer Posted / md.shakil

If u hv been admitted in the process of facing the
examination i.e. if u hv got clearance certificate for the
intermidiate examination it is quite clear that u can
appear for any exam either gr.I or Gr II or both at a time.
cma Md.Shakil
M.com, LL.B & AICWA
cma.shakil@yahoo.com
kolkata

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1839


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1479


hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units

1668


how to check which item is sold by the sundry debtors in tally?

1644


which name written in Tan application form Applicant is sole proprieter companies name or individual name?

1471






Suppose the production is more and sales less then what will happen

1551


what is payment method?How many payment method we can assign to company code.

1250


what is Ratio Analysis ?

1813


state and explain THREE types of situation to which accounting concept might be applicable

1685


how many schedules are there in accounting?

1747


how to mention last year profit of ay private limited company in current year balance sheet ?

815


Distinguish between sale and consignment

1538


Which Invoice issued on Central Sale Commercial or Retail?

1584


What is the working formula for Working Capital Turnover

1656


Straight line method to using Indian company names

1482