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CMA Foundation Level

New to the world of Chartered Accountancy? Feeling lost about what teachers to choose? Feeling confused about how to study? Feeling anxious about writing the exam? Feeling unaware about your next time? Don't worry! We, at Aspire, have curated a list of resources you would want in your journey of conquering first step to becoming a CMA.

Select the best teacher

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Mohit Agarwal  Classes

Phone no.: 9830741471
Mail id: 
Website: https://mohitagarwalclasses.com

https://youtube.com/@mohitagarwalsir

Price : Rs. 19875

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CA/CMA Nikhil Gupta


Phone no.: 9643929913
Website: https://sjc.co.in

Price : Rs. 11500

https://www.youtube.com/live/cV0qT0-unCA?feature=share

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Akash Agarwal Classes

Phone no.: 7378327096
Website: https://www.akashagarwalclasses.com/

Price :  Rs. 25000

https://youtu.be/t9uPk95V2j4

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Suraj Agarwal Tax Classes

Phone no.: 8527230445
Website: https://suraj-agrawal-tax-classes.business.site/

https://youtu.be/wayeedYceDU

Rs. 17999

Study using Youtube Videos

Test your preparation

QUESTION 1

There are 250 members in the Sri Krishnan Club where annual subscription is Rs. 500. During 2016-q7 , subscription received Rs. 97500 and subscription receivable is Rs. 47500 . What amount of subscription received in advance during 2015-17?

QUESTION 2

When re-ordering level is 200 units , minimum usage is 20 units, minimum lead time is 5 days, maximum stock is 400 units then re-ordering quantity will be

​

QUESTION 3

Which balance is not considered for closing entries on the basis of trial balance for transferring to Trading and Profit & Loss Account ?

A) Salary and Wages

B) Discount received

C) Commission paid

D) Cash in hand

QUESTION 4

Select journal entry to rectify an error " An amount of Rs. 10000 , withdrawn by owner for personal use debited to Trade Expenses Account " .

A) Drawing Account 

Trade Expenses A/c

B) Trade expenses A/c

Drawing Account

C) Drawing Account 

Cash Account

D) Trade Expenses A/c

Cash A/c

QUESTION 5 

When valuing a call option using the binomial model, an increase in the probability that the underlying will go up most likely implies that the current price of the call option:

A. increases.    B. remains unchanged.   C. decreases.

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