Here today I am submitting the solution of
IPC NOVEMBER 2014 ADVANCE ACCOUNTING
HOPE YOU ALL LIKE IT
KINDLY GREET WITH THANKS IF YOU FOUND IT USEFULL
Q1 A. Unearned Finance Income = 1,93,212
Q1 B. Opening Revenue Reserves A/c Dr. 16 lakhs
To Intangible Asset A/c 16 lakhs
Q1 C. 42,000 X 4 months / 6 months = 28000
Q2. PUCHASE CONSI. Rs.3,79,600
Q3 A. Bank A/c 25000
Esop A/c 45000
TO Equity Share Cap. 5000
TO Sec. Prem 65000
Q5 A. Premium 7556000
Claims 5163000
Commission 157000
Operating 190000
Q5b Tier 1 Capital 726.10
Risk weighted 11,083
= 6.55%
Q6 B. Net Profit 3,18,078
IN THE END ALL THE SOLUTIONS OF IPC NOVEMBER ARE IN DETAIL
DOWNLOAD AND VIEW THE SOLUTIONS OF ALL QUESTIONS
I AM VERY SORRY ABOUT THE EDITIND AND DRAFTING OF SUCH DOCUMENT
THANKS
CAclubindia
