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Urgent

SAURABH (Chartered Accountant) (142 Points)

24 January 2012

I WANT TO KNOW THAT IN NOV.2011 ACCOUNTS PAPER OF PCC ONE QUES. OF INTERNAL RECONSTRUCTION CAME OF 16 MARKS IN WHICH WE REQUIRED TO POST ENTRIES & MAKE BALANCE SHEET . I POSTED ENTRIES & MADE BALANCE SHEET CORRECTLY BUT I DID NOT WROTE NARRATIONS FOR ENTTRIES . I WANT TO KNOW HOW MANY MARKS WOULD BE DEDUCTED FOR THE SAME , ONE OF MY FRIENDS IS SAYING HALF THE MARKS THAT IS 8 MARKS WOULD BE DEDUCTED.

THANKING YOU.

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10 Replies

Abdu Raghoof K A (student) (23 Points)
Replied 24 January 2012

out of 16 marks, 4 or 3 marks will be deducted for not writing narrations,as the question doesn't say about make entires without narrations, it is necessary to write narrations in order to entry to be complete,

Abdu Raghoof K A (student) (23 Points)
Replied 24 January 2012

SAHIL (Chartered Accountant/ CFP / B.com(AF)/ NCFM) (760 Points)
Replied 24 January 2012

Don't worry dear brother...........Entries r much more important than narration.........they must be correct!
So just forget about it......& hope 4 the best!
Good luck!

sur ( ) (97 Points)
Replied 24 January 2012

ok! 1st of all if they asked for bal sheet and entries then bal sheet presentation obviously contains marks. 2ndly each entry contains part markings.narration does carry marks but out of the whole question may be 1 or 2 (max to max) will be deducted. i hv seen the suggested answer scriptt of the previous year from an examiner.dnt panic.all the very best.

Tony John (Chartered Accountant) (6085 Points)
Replied 25 January 2012

Hey bro, don't be too much concerned about losing marks for not writing narrations. They won't take a lot of marks. May be a couple of marks. Hope for the best. Good luck

sai kumar (CA) (160 Points)
Replied 25 January 2012

Actually for journal entries ,narration is compulsory ,,so they may deduct max of 2 to 3 marks for that not more than that,,,,so dont worry....jst enjoy the result..

swathi (Accounts Officer) (349 Points)
Replied 25 January 2012

Originally posted by : sai kumar
	Actually for journal entries ,narration is compulsory ,,so they may deduct max of 2 to 3 marks for that not more than that,,,,so dont worry....jst enjoy the result..

VIBHU (Article) (22 Points)
Replied 25 January 2012

I came to know that to change the status of a dormant company to 'active' in the master data of MCA portal, we need to file form-61 along with an application and a resolution for the same. I am not able to get a format of resolution to change the status to 'active company' and authorizing a director to file form-61.

Please help