1. If i cover from 11 to 20 April AUDIT subject ....nd dont revise it till 10 th of april ...suppose audit paper falls due on 11 th of may....then would there be any probs with AUDIT and practical subject too ( same case like FM )...?
2.Which is the correct cash flow format of operating activities? :-
CFOA
N/P
+TAXATION
+PROV FOR D/D
-INCOME TAX PAID
OR
NET PROFT BEFORE TAXATION
ADJUSTMENT FOR NON CASH AND NON OPERATING ACTIVITIES
ADD;_ DEC IN C.A AND INC IN C.L
CASH GENERATED FROM OPERATIONS
3.Interest on debentures is charged on closing balance of debentures....why? and why do we add it to operating activities
Expenditure on construction work in progress ...why this is not added in operating act?
4.Amortisation means depreciation?
5.Do we have to write " Account " in all places or would it be ok if i write in xam just A/cs....bcoz my friend said if u dnt write full marks will be deducted....same probs with "b/d" and "brought down"?
CAclubindia
