want to know the answers for accounts ca pe2 paper

Case A:
Ramesh and Suresh are partners with profit sharing ratio 2:1. their capitals are 102000
And 73000. They admit Mahesh with 1/5 share. He brings Rs 14000 as his share of goodwill. He agrees to contribute capital in new profit sharing ratio. How much capital will he bring?
a) 47250 b) 45000 c) 47000 d)48000


1)T Ltd has issued 14% debentures of Rs 20lakh at a discount of 10% on April 1 2004;the company pays interest half yearly on june 30 and December 31 every year. On march 31, 2006, the amount shown as “interest accrued but not due is how much, and it comes under which category??(How to calculate)


2)Which category in Balance Sheet does “premium of redemption of debentures” come under”?

3)Which among the two staetement is correct
i) All contracts are agreement.
ii) All agreements are contracts. (isn’t it ‘I’ ,coz only those agreements that r enforeceable by law becomes contract)

3) Loss leads to reduction in
a)Liability b) Capital c) Income d) None (isn’t it ‘c’, but in book its given
d”


4) The final position of business is ascertained on the basis of
a) Records kept under bookkeeping process b)Trial Balance c) Acc. Report d)None (isn’t it ‘c’ coz its prepared after B.sheet)



5 )∫ log x =??? Answer according to cpt material (both QB and course) is “x.logx” while according to me and NCERT book it is “ x.logx+ k” coz it is a indefinite integral. What is the correct answer.

Economics Section of some CPT models(BOS) have questions related to chapter, but the facts r not in BOS book?
The topics are such
a) Diamond Water Controversy (related to utility)
b) % of iron and mineral deposits out of total world deposits
c) Gadgil formula
d) Hindu growth rate
e) Who are these Raj Krishna ,VKRV Rao

Things and topics as such if that comes in exams what should we do?
What should I do in this final days b4 cpt? Questions related to that, I have already rotted the answers…in case, similar questions( out of the book) comes….

In the net, where can we download the original CPT papers from may and August 2007. Does the question papers of the Q. bank (book) contain last years' questions as models??

where can we download it??

1)we are damn sure that the answer is sth else than given in options, and the options does not include "None of them";

2) When the answer given in the study material is different than given in answer of Question bank of icai(cpt)


In case 1) which answer shud we darken?? Or we shud leave it blank and write a letter to BOS after the exams

I know somewhat abt how to calc. goodwill when capital is given; but not the other way round. Please help:

Q49
Ramesh and Suresh are partners sharing profits and losses in 2/3 and 1/3, Their capitals as on Dec 31,2004 were Rs 1,02,900 and Rs 73 ,500 respectively. Mohan was admitted into the partnership on January 1, 2005 for 1/5 share. He contributes Rs 15210 as capital. He brings his capital in profit sharing ratio. Capital amt will be :

a) 47902.5 b) 47000 c) 450000 d) none (How)

A little more advise on this wud be highly appreciated
Anwar LTD purchased building woth 99 lakh and issued 12% debentures of Rs 100 each at a premium of 10% . Premium amt will be
a) 9 lakh b) 8 lakh c07 lakh d) 10 lakh (How)

An agency can be created by ________
An agency is said to irrevocable where agency can’t be terminated. An agency is irrevocable in which of the following cases ____________

Which chapter is this topic “ Agency” is in ? Partnership Act or Contract law…
That too in which topic of the topic has this “Agency” been elaborated? I have been trying for 4 days but have not found the answers….

Case A:
If repair cost of building is 15ooo, whitewash epenses are 10000 cost of extension of building is 5 lakh, and cost of improvement in electrical wiring system is 25000; the “amt. to be expense” is _______
a) 50k b)550,000 c) 25000 d) nil

Case B:
X of Kolkata sends out goods worth 1 Lakh to Y of madras at cost +25%. Consignor’s expenses are rs 2000. 3/5 of the goods were sold by consignee at Rs 85000. Commission 2% on sale + 20% of “gross sales less all commission exceeds invoice value”? Amt commisoned is__
a)3083 b) 3000 c)2500 d)2000

Case C:
Micro Ltd issued 15000, 15% debentures of Rs 100 each at a premium of 10%, which are redeemable after 10 years at premium of 20%. The amount of loss on redemption of debentures to “written off” every year is ….
a) 15000 b) 30000 c) 45000 d)22500

The ambiguity lies in the words between “ ”

Plzz help me to find the answers with procedure

Case I: A consigns goods costing Rs 33,000 to B at “PROFORMA price” which was cost plus one sixth profit on “invoice price”. What is invoice price of goods?
a39000 b. 39600 c. 40000 d 45000
In above case, what does “proforma price” mean and what’s its difference from Invoice price?

Case II:
A and B ( Capital 40,000 and 20000) buy land at 60k and sell it for 80k. What’s the profit on Joint Venture?
a) 20k b)30k