CMA Inter Paper 6 case studies
CMA Inter Paper 6 · Put your knowledge to work in context.
CMA Inter Paper 6, Financial Accounting, is one of the papers in the intermediate level of India's Cost and Management Accountancy programme. It is aimed at candidates who have cleared the CMA foundation or an equivalent entry route and are building the accounting literacy that later papers in cost, management and strategic finance assume. The CMA Inter Paper 6 case studies are 5 cases and about 4,445 words.
1Four Year-End Judgement Calls at a Sole Trading House
M/s Raghunath & Sons, a sole trading house dealing in machine tools, closes its books on 31 March. The accountant, who has no formal training, has arrived at a draft profit of ₹9,20,000 for 20X4-15 and asks you to review four items before the accounts are signed.
899 words, about 4 min2Consignment of Handloom Carpets: Stock Valuation, Del Credere and NRV
M/s Anand Textiles of Surat consigned 2,000 handloom carpets to Bhalla & Co. of Jaipur on 1 January 20X5.
851 words, about 4 min3Partnership: Guaranteed Minimum Profit, Partner's Loan and Interest on Capital
X, Y and Z share profits and losses 4:3:3. Under the deed, interest on capital is allowed at 8% per annum on capitals of ₹5,00,000 (X), ₹3,00,000 (Y) and ₹2,00,000 (Z).
921 words, about 5 min4Redemption of Preference Shares: CRR, Premium and Which Reserves May Be Used
Vasant Ltd has authorised, issued and paid-up capital of ₹20,00,000 in 2,00,000 equity shares of ₹10 each and ₹8,00,000 in 80,000 9% redeemable preference shares of ₹10 each. The other balances on 31 March 20X5 are: securities premium ₹1,50,000; general reserve ₹6,00,000; capital reserve ₹1,00,000 (arising from revaluation of land in 20X3); surplus in statement of profit and loss ₹4,20,000.
883 words, about 4 min5Bank Branch IRAC Review: NPA Classification, Provisioning and Income Recognition
The Jeewan branch of a scheduled commercial bank is finalising its figures for 31 March 20X5. Two accounts are under scrutiny.
891 words, about 4 min