Hello aspirant,
Here's a brief solution to your question:

• 1st July 2012: The plant is purchased for Rs. 40,000.
• 31st December 2012: Depreciation for 6 months (July to December) is calculated as 10% of 40,000 * 6/12 = Rs. 2,000.
• 30th June 2013: Depreciation for the next 6 months (January to June) is calculated as 10% of 40,000 * 6/12 = Rs. 2,000.
• 1st July 2013: The plant is sold for Rs. 35,000.
  • Calculate the profit or loss on sale:
    • Book value of the plant on 1st July 2013 = Cost - Depreciation = 40,000 - (2,000 + 1,000) = Rs. 37,000
    • Profit on sale = Selling price - Book value = 35,000 - 37,000 = -Rs. 2,000 (Loss)
  • Transfer the loss to Profit & Loss account.
    
    

The depreciation method used here is the straight-line method, where depreciation is calculated on the original cost of the asset. The plant account shows the complete history of the plant from purchase to sale, including depreciation and the final disposa

Hello aspirant,

Certified Management Accountants is what CMA stands for. The Association of Accountants and Financial Professionals in Business awards the CMA certification in accounting and finance. Candidates must first register as an IMA member in order to be eligible for the CMA 2023 certification. In CMA, there are two sections. The CMA Part 1 and Part 2 tests must be taken by candidates in any sequence. US CMA testing takes place in three windows: January/February, May/June, and September/October.

To know complete information, please visit the following link:

https://finance.careers360.com/articles/us-cma

Thank you

Hope it helps you.

Hello,

CMA or Cost and Management Accounting is a certificate course providing CMA designation to the qualifiers. CMA has both descriptive and objective questions. CMA foundation is a mixture of questions. It is a three hour long exam conducted by ICMAI and it is a paper based on mainly class 12th concepts.

CMA examination has a mixture of objective and descriptive questions.

I hope this helps,

All the best

Hey student,

Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields.

No,there is no step marking in cma exam as it was online mcq based exam.

All the best student,

Hope this helps you.

Hello,

The categories of aggregates include gravel, sand, recycled concrete, slag, topsoil, ballast, Type 1 MOT, and geosynthetic aggregates (synthetic products commonly used in civil engineering projects used to stabilise terrain).

Hello,

Challan receipt will be required while filling the form at your CMA centre, so what you can do is you can go to the bank where you have received the challan again and ask them for help. They can help you to get a copy if possible.