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….

dear friends,
I'am prparing for my pcc may 2009 exam. but I preffered to go for dummy and prepare throughly for the exam ,and then go for training while doing my final. But I'am worried that was it a bad decision and willl it hamper me anyhow in my career.But there is a surity that I will be registered with the best firm of my city after I clear pcc,but I still doubt my decision.please help and tell me.

1.CAN one include stt in cost of equity?
2.can one simultaneously show capital gain and income from other sources( i.e income from capital assets like equity)
what will be the status of income from derivatives, Futures and options like index futures, option)?

Plz reply only with supporting material or reference.

Is the prosecution , for not filing annual accounts, B/s and Annual return applicable only to listed companies or all including unlisted and Private companies

what shall be the rate of TDS on commission paid to a mega store (%age of MRP)for providing shelf space. 194H or 194C?

Dear Sir/ Madam,

I am facing a query for which i have not been able to get a clear answer.
My Query is that in case of contractors engaged in construction of residential/ commercial complex, who are providing only labour i.e where they have entered into a contractor with the builder for construction and the material is supplied by the builder,(for civil construction, flooring, electrical and finishing services) whether such contractors can get their registration changed form the head Construction of residential/commercial complex and get themselves registered under works contract to take the benefit of concessional rate of service tax. Also would it be advisable for them to do so?

I would be waiting for your response.
Thank you,
Yours truly,
Ruchi Jain.

I would like to know last date of submitting VAT Audit report.

We are paying Rs.70000/- rent to our landlord. This property owned by hunband and wife on 50:50 basis. In this case service tax registration is required or not? Please clarify.

Ulaganathan

Could u suggest anybody what is contract and sub contract and difference between these two?