Share your(questions) doubts - CPT exam

CPT 4040 views 292 replies

sumwhere itz givn overstated by 45000... n next questn ka revenue...

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sumwhere itz givn overstated by 45000... n next questn ka revenue...

Originally posted by : PARUL


 

Opening stock understated by 20,000 Closing stock overstated by 25,000. The net profit is

(a) Overstated by 5,000 (b) Overstated by 45,000

(c) Understated by 5,000 (d) Understated by 45,000 isme opening stock understated hi aya tha?

 

→As opening stock comes on debit side of Trading & its understated by 20,000, It'll overstate profit by Rs. 20,000

→Closing Stock overstated by 25000, credit side is more, again profit is overstated by 25k
hence profit will be overstated by 45k


Now Downloading ---> IPCC Notes /forum/all-my-ipcc-notes-218078.asp#.UNChHuRy0aY

 

A monopolist can control ________
(a) Both price and output (b) Either price or output
(c) Neither price nor output (d) none
 

Did you guys get 33,000 in Gross Purchases or something else?

Originally posted by : PARUL

 

A monopolist can control ________

(a) Both price and output (b) Either price or output

(c) Neither price nor output (d) none

 

 

Either Price or Output

 

A monopolist can controll ... i think it will be both price and output
@ aditya Pls post full quest
Originally posted by : harish ragav
@ aditya
Pls post full quest

 

 

I don't remember :(
The only thing I remember is
Purchase Return was given - 5000

Originally posted by : harish ragav

 




Originally posted by : Gaurav Mohnani






why no entry dude ??

 






ans is 100% correct but i couldn't explain why it is bcoz u didn't post the full question.....

Yes ans is correct it is irrelevant when he deposited the in the bank, we've paid him we'll make entry for the same on same day! it can be used only for reconcilation :) 

@ adiya R u really sure about that no entry will psssed? Bcoz am also little bit confused about that...

 

An agreement restraining a person from his existing trade is—
(a) Valid (b) Void (c) Voidable (d) Illega
Originally posted by : harish ragav
@ adtiya
R u really sure about that no entry will psssed?
Bcoz am also little bit confused about that...

99.99% sure :P :)

@ parul void contract

the answer for understating and overstating was----- profit will be overstated by 45000 

 

100 % SURE


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