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Business Law – Question and Answers

Explain what is Free Consent and the instances under which Free Consent in an agreement would be affected. Please provide examples for each of such instance. ANSWER Free consent is a fundamental principle in contract law, indicating that parties involved in an agreement must willingly and voluntarily enter into the contract without any external pressures …

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Cloud Computing

Case study & questions answers for MBA | MMS | MHA & Other professional courses. COMPT_PREP is an Educational Institute which helps the aspirants to prepare for Engineering and Medical Exams. They have around 20 branches across the country. The aspirant’s base is exploding on a Year-on-Year basis. Suggest a Cloud Solution strategy to help …

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ERP – Enterprise Resource Planning

What is an ERP? ANSWER: ERP stands for Enterprise Resource Planning. It refers to a software system that integrates various business functions and processes within an organization into a centralized system. The primary goal of ERP is to streamline and automate business operations, improve efficiency, and provide real-time data for informed decision-making. An ERP system …

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Treasury Management in Banking question and answers

With Major Central Banks globally busy increasing interest rates to counter inflation impacting the emerging markets like India, what are the challenges faced by commercial banks for Treasury Management in view of tight liquidity situation with higher inflation & higher interest rates increasing the cost of funds? In a tight liquidity situation with higher inflation …

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Income Statement under Marginal Costing Method

Question 1:Office Products Ltd provides the Sales and the cost data for 60,000 units as given below. At full capacity the plant can produce 100,000 units Sales Rs. 12,00,000Costs:Variable:Material Rs. 2,40,000Labour Rs. 3,60,000Overheads Rs. 1,80,000Fixed Cost Rs. 3,20,000Total Rs.11,00,000PROFIT Rs. 1,00,000Prepare the Income statement under marginal costing for production at 80,000 units. Online and offline …

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Vertical Balance Sheet Format

The Final Accounts of a company refer to the annual financial statements consisting of (1) Profit and Loss Account which discloses the results of operation, either profit or loss, for a financial year, and (2) Balance Sheet which depicts the financial position of the company as on the closing day of the year. The Profit …

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CASH FLOW STATEMENT

MBA & BBA Study Material Reference : ICAI Books Cash Flow Statement Solved Sums and complete books available in the below mentioned link from ICAI https://resource.cdn.icai.org/66496bos53751-cp4-u2.pdf