Calculation of Legal Due Date of a Bills of Exchange

Legal Due Date of a bill of exchange:

The Legal Due Date of Bill of Exchange is that date when the amount of the bill is payable by the drawee. The calculation of due date of a bill of exchange is dependent on the nature of the bill. A bill of exchange is of two types:

CMA Foundation: Fundamentals of Accounting Question Paper Pattern and Important Topics

PAPER – 2: FUNDAMENTALS OF ACCOUNTING

Section A: Fundamentals of Financial Accounting (80%)	Section B: Fundamentals of Cost Accounting (20%)
1. Accounting Fundamentals 35% 2. Accounting for Special Transactions 20% 3. Preparation of Final Accounts 25%	4. Fundamentals of Cost Accounting 20%

Section A: Fundamentals of Financial Accounting [80 Marks]

CMA Foundation Syllabus 2016 (Paper 1): Fundamentals of Economics and Management

Paper – 1: Fundamentals of Economics and Management

Section A : Fundamentals of Economics (50%)	Section B : Fundamentals of Management (50%)
1. Basic concepts of Economics 20% 2. Forms of Market 20% 3. Money and Banking 10%	4. Management Process 50%

Section A: Fundamentals of Economics

CMA Foundation Syllabus 2016 (Paper 2): Fundamentals of Accounting

PAPER – 2: FUNDAMENTALS OF ACCOUNTING

Section A: Fundamentals of Financial Accounting (80%)	Section B: Fundamentals of Cost Accounting (20%)
1. Accounting Fundamentals 35% 2. Accounting for Special Transactions 20% 3. Preparation of Final Accounts 25%	4. Fundamentals of Cost Accounting 20%

Section A : Fundamentals of Financial Accounting [80 Marks]

CMA Foundation Syllabus 2016 (Paper 3): Fundamentals of Laws and Ethics

PAPER - 3: FUNDAMENTALS OF LAWS AND ETHICS

Section A : Fundamentals of Commercial Laws (70%)	Section B : Fundamentals of Ethics (30%)
1. Indian Contracts Act, 1872 40% 2. Sale of Goods Act, 1930 20% 3. Negotiable Instruments Act, 1881 10%	4. Ethics and Business 30%

Section A : Fundamentals of Commercial and Industrial Laws

CMA Foundation Syllabus 2016 (Paper 4): Fundamentals of Business Mathematics and Statistics

PAPER – 4 : FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS

Section A : Fundamentals of Business Mathematics	Section B : Fundamentals of Business Statistics
1. Arithmetic 20% 2. Algebra 20%	3. Statistical representation of Data 10% 4. Measures of Central Tendency and Dispersion 30% 5. Correlation and Regression 10% 6. Probability 10%

Section A : Fundamentals of Business Mathematics [40 Marks]

CMA Intermediate Syllabus 2016 (Paper 5): Financial Accounting

PAPER-5: FINANCIAL ACCOUNTING

Section A: Accounting – Basics 25%	Section B: Preparation of Financial Statements 40%
1. Fundamentals of Accounting 2. Accounting for Special Transactions	3. Preparation of Final Accounts of Profit Oriented organizations, Non-Profit Organizations and from Incomplete Records. 4. Partnership Accounts
Section C: Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts (20%)	Section D: Accounting in Computerised Environment and Accounting Standards (15%)
5. Self-Balancing Ledgers 6. Royalties, Hire-Purchase and Installment System 7. Branch and Departmental Accounts	8. Overview of Computerised Accounting 9. Accounting Standards (Specified only)

Section A: Accounting – Basics