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Forex - illustration - 91
AFM
answered on 28-Nov-23 10:13
Sir , in the question ,the margin given for buying is 0.075% and for selling 0.20 % But in the solution, when we are selling the USD at spot to cancel the interbank transaction, why did we deduct 9 0.075 % ? rather than 0.20 %? , because if we are selling, so selling margin should be applicable right ? margin given from whom point of view ? How to identify ?
latest answer
Even for margin and premium Pls think of Buy and selling as Bid and Ask and both of them are from bank perspective - Bank always buys at a cheaper rate and sells at a higher rate. IN solution - org contact was to buy US as the customer is importer - when the contract ahs to be cancelled - the customer has to now agree to Sell currency - so sale rate for customer will be buy for bank which is bid Whenever bid currency rate is used, bid margin is used. Same way for new fwd contract customer agrees to buy currency so for bank it is ask rate so ask premium is added
Enuguru Sai Nithin
CA Final
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1
400
CMA articleship
Exams
answered on 27-Nov-23 15:23
I have joined CA articleship, it's been 3 months now. I have also cleared my CMA intermediate both groups in June 23. I wanted to write CMA final in June 24. Is CA articleship enough for cma articleship or shall I keep dummy articles for CMA. Or are there any other ways?
latest answer
You have complete cma articleship before appearing cma finals.
Nanditha Yara
CA Final
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Forex illustration - 55
AFM
answered on 27-Nov-23 11:01
Sir in the image attached , when customer is buying USD , margin of 5 Paisa is added , but when he is selling USD, why is margin not deducted? Can you please explain this.
latest answer
MArgin provided in Q is also on INR - there is no margin provided in Q for USD / SGD
Enuguru Sai Nithin
CA Final
★ 78K+
2
408
Joint venture
Accountancy
answered on 28-Nov-23 17:51
M and N enter into joint venture where 'M' supplies goods worth 12,000 and spend 200 on various expenses. 'N' sells the entire lot for 15,000 meeting selling expenses amounted to 400 profit sharing ratio equal. N remits M the amount due. The amount of remittance will be (a) 13,400 (b) 14,600 (c) 12,800 (d) 12,200
latest answer
12200+1200 = 13,400.
Sowmiga Chandrasekaran
CA Inter
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2
576
Lost marksheets and admit card
Others
answered on 27-Nov-23 21:19
I lost both my previous marksheets and admit card. Is there any way to apply for duplicate marksheet without roll number as I don't have previous admit card. Or is there any possible way to recover admit card. Kindly help me with this
latest answer
Sure will try thanks
Shiva R
CA Final
★ 15
4
598
About Debt collection period and debt collection ratio
Financial Management
answered on 26-Nov-23 22:19
In illustration 13 Formula of DCP used as ( Avg debtors ÷ credit sales ) But in illustration 14 1( c ) Nov 2018 DCP formula used as (credit sales ÷ avg drs) Which is correct formula?
latest answer
DCP= avg drs/credit sales DTR= credit sales/avg debtors
Shivashankar Jawai
CA Inter
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MCQ question
Economics
answered on 27-Nov-23 11:03
Please answer the MCQS correctly
latest answer
You share you answer and specific queries
Aakash Raavi
CMA Inter
★ 320
2
474
Ratio and analysis
Financial Management
answered on 26-Nov-23 14:43
illustration 12 (M ltd) CR is given that 2:4, hence it = 0.5 But in answer took CR as 2.4 Which is correct?
latest answer
Will get it corrected in video
Shivashankar Jawai
CA Inter
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418
Doubt
Others
answered on 27-Nov-23 15:49
https://finance.careers360.com/articles/ca-foundation-new-syllabus Sir can you please give some clarification regarding the above link they are telling that paper 1 and paper 2 are objective Type and paper 3 and paper 4 are subjective type🤔🤔
latest answer
I am not scared about the syllabus or information just I want to know that whether information given right or wrong thats it
sai t
CA Foundation
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5
462
Forex
AFM
answered on 26-Nov-23 23:33
Sir while doing problems I am getting answers slightly different from icai answers like if the answer in icai is 4824 , I am getting 4800 , it is due to rounding off the rate , is this small difference ok ? or it should exactly match with solution ? Can u please tell how to round off let's say the rate I got is 6.510175763 , I rounded off to 6.5102 is it correct ?
latest answer
Thankyou sir
Enuguru Sai Nithin
CA Final
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