Q.No.1(C ) Answer
Profit and Loss Account for the year ended 31stMarch-2015 (Assuming it is not a going concern)
Amount
Rs Amount

To Opening Stock
To Purchases
To Expenses
To Depreciation
To Provision For Doubtful Debts
To Deferred Expenditure
To pre payment loan Penalty
To Net Profit 36000
450000
16500
5000
4000
15000
2000
10000
By Sales
By Closing stock
By Trade Creditors 500000
38000
500
538500 538500
My Answer is Net Profit Rs.10000/-

Has icai awarded marks for error in question paper before?

On noticing the Advanced accounting question paper I have a query related to question number 6.
The balance sheet states '7% Preference Shares' but the reconstruction scheme states adjustment for '8% Preference shares' where the balance sheet does not have any 8% Preference shares. Is it an error in the question paper? Will the marks be awarded for people attending the question?

Please advise.

Is covering of only Practice Manual sufficient for IT paper?

Sir,
I am Working executive and I am Going To write CMA Inter Exam in June 2016, Can any one please Provide me Time Table Schedule.

Please Help me and Do needful

Thanking You

I am a first attempt ipcc cleared student..I cleared in may2012, After that I did my articleship for one year and than i took dummy coz of my college issues and low attendance in my college..During my first attenpt of final I was diagnosed with Tuberculosis in march 2015 and couldnt appear neither for the may term nor for the nov term,now i am very low on confidence on pursuing CA with lack of practical xposure and work and two attempts already being missed.What should i do now?? How should i take it further?? What future does it hold?.

Hi,

I have started a coaching institute for Competitive English in U.P. I want to register it but i could not find the required information regarding the registration of the institute.
Please show me the right path ans share any link, if needed.

Thank you Very much,
Ravi Chauhan

whether self study is enough for clearing CA final. I couldn't go to classes due to some prblms and I have reference book of following .... paduka for SFM, m p vijayakumar for FR, vikas Oswal for Auditing, munish bhandari for Law ... I am preparing for may 2016 and first group only... i am an average student.can any one give suggestion or tips for my studies??

is gst applicable for may-2016 examinations?

I have not received the article completion certificate as my articleship completed on 19 july 2105 but I have printed the same from reprint letter sites suggested by icai my query is it equivalent to original letter from icai because I have to submit the same to some job purpose originaly