Q.2 From the following Trial Balance of M/s Nightingale Traders, you are required to prepare a
Trading and Profit & Loss Account for the year ended 31s March, 2014 and Balance Sheet as on
that date:
Adjustments:
(D Closing stock was valued at Market price Rs. 40,000. Market Price is 120% of cost price.
(2) Depreciate motor car by 20% & plant & machinery by 10%
(3) Write off Rs. 2.000 as bad debts and provide 5% RDD. on Sundry Debtors & Reserve for
discount on debtors at 4%
(4) Unused postal scamps is Rs 800,
(5) Goods of Rs 6000 were destroyed by fire & insurance Co. admitted B0% of the amount
claimed
6) Write off advertisement expenses Rs 4000
Answers
Answer:
With such a change in regulation, ACCA will increase it's value. And, even otherwise, it is a globally recognised professional qualification and it has been there for more than 100 years. If it did not lose any value in all those years, why would anyone think it will lose it now?
Fully qualified members of the ICAEW and CAI earn the designation ACA (Associate Chartered Accountant). ... The term Chartered Certified Accountant was introduced in 1996. Prior to that date, ACCA members were known as Certified Accountant. It is still permissible for an ACCA member to use this term.
The start salary of ACCA qualified professionals is at par with any other similar professional and is in the range of INR 4-6 lakhs p.a. in India. Hence you get an excellent start in corporate sector at an early age of 20 years.
Answer:
With such a change in regulation, ACCA will increase it's value. And, even otherwise, it is a globally recognised professional qualification