Pls provide the guidelines for coming statutory bank branch audit.

Dear Sir ,
Can u help me solving this problem.
Rahul deposited Rs. 2,000 at the end of every month in a bank for five years. The rate of interest is 1% per month. The closest accumulated amount at the end of 5 years will be
A)
Rs. 1,20,000
B)
Rs. 1,63,340
C)
Rs. 1,34,630
D)
None of the above Correct Answer: B

Hi sir ,pls need explantion for the below problems for answers

32)
You can borrow and lend at 5%. You have Rs. 100,000 today and you can consume today or a year later. You have now an opportunity to invest at 8% for a year in a real estate project. If you would like to consume everything now and nothing one year later, what is the maximum you can consume today (to the nearest integer)?
A)
Rs. 100,000
B)
Rs. 150,000
C)
Rs. 102,857
D)
Rs. 97,222 Correct Answer: C
33)
You can borrow and lend at 7%. You have Rs. 150,000 today and you can consume today or a year later. You also have an opportunity to invest at in a real estate project for a year. If decide to consume everything (the maximum you can) now and nothing one year later. You realize that the amount you can consume is Rs. 152,804. Given this, what is the rate of return that the real estate project offered you?
A)
7%
B)
9%
C)
10%
D)
Cannot be determined Correct Answer: B
34)
You can borrow at a certain rate for a one year period. You have Rs. 125,000 today and you can consume today or a year later. You also have an opportunity to invest at in a real estate project for a year at 9%. If decide to consume everything (the maximum you can) now and nothing one year later. You realize that the amount you can consume is Rs. 128,534. Given this, what is the borrowing rate in the market today for a one year period?
A)
6%
B)
9%
C)
8%
D)
10% Correct Answer: A
64)
Rahul deposited Rs. 2,000 at the end of every month in a bank for five years. The rate of interest is 1% per month. The closest accumulated amount at the end of 5 years will be
A)
Rs. 1,20,000
B)
Rs. 1,63,340
C)
Rs. 1,34,630
D)
None of the above Correct Answer: B


Waiting for your reply with solution sir

Sir/Madam

I am a practicing Chartered Accountant and i have been doing the concurrent audit of Canara Bank for the period from 01.07.2013 to 30.06.2015 & At present i have received a mail from them appointing me as the Statutory auditor of Canara Bank for the Year 2015-2016 .Kindly advise me at the earliest as to whether i can accept the audit for 2015-2016 .

Thanking You

Jayam P.V

Hello friends,
is it possible to withdraw a sum more than the balance remaining it, ie. can i withdraw 30000 if balance is only 25000. My presumption is such that Current Account can not go negative. Please give me an asnwer

Hi All,
for IEC code registration what are the documents required Please Let me Know

Thank you in advance
Regards
Chandrashekar

what will be rate of Tds in case of revenue sharing agreement

hello experts,

Good evening,

can I get my establishment registered online? for nagpur.

If yes then let me know the process.
Please reply

thanks & Regards
Aparna

sir,
i am starting a retail shop on 2nd week of august 2016 ,I have taken shop licence on 1st jan 2016 ,then i have taken vat cst proff tax no on febuary 2016 so my business is not started yet
do i have have to file tax return as vat other tax return etc
For first year of business starting forn 2nd week of august do i have to pay tax ?

Dear sir, I want to know about gap for articleship?? CA article students can take gap for 1 year, In that gap can we eligible for ipcc exam??