Can we one post the solution or answers of queston of PCC may 2012 Account Paper
Manish H. Agrawal (Audit Assistant) (41 Points)
03 May 2012Can we one post the solution or answers of queston of PCC may 2012 Account Paper
feroz
(ca)
(67 Points)
Replied 03 May 2012
SAURABH
(Chartered Accountant)
(142 Points)
Replied 03 May 2012
plz someone upload accounts pce solution for may 2012
Pankaj Saraogi
(Faculty - Tax Laws)
(611 Points)
Replied 10 May 2012
Solutions - IPCC Tax paper May 2012......for detailed solutions, visit www.saraogi.co.in (downloads section)
|
Q. No. |
|
Answer |
|
1(a) |
|
Total income = 9,83,820, Tax = 1,50,530 |
|
1(b) |
|
Tax payable = 88,065 |
|
1(c) |
|
Net VAT payable = 80,000 |
|
2(a) |
(i) |
Yes he is reuired to file ROI |
|
|
(ii) |
15,000 |
|
2(b) |
|
Value of taxable services = 8,45,330, Tax = 87,069 |
|
3(a) |
|
24,531 |
|
3(b) |
|
False, False, False, False, False, True, False, False |
|
3(c) |
|
False, False, False, True, False, False, False, True |
|
4(a) |
|
Total income = 10,64,000 |
|
4(b) |
|
Service tax = 91,052 |
|
4(c) |
|
Tax payable = 5,15,350 |
|
5(a) |
|
Mr. A = 2,60,500, Mrs. A = 2,40,000, Minor child = 20,000 |
|
6(a) |
|
20 lacs |
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6(b) |
|
6,25,567 |
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6(c) |
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10,488 |
|
7(a) |
|
2,65,300 |
Caeser
(article student)
(46 Points)
Replied 11 May 2012
nithya
(article assistant)
(63 Points)
Replied 11 May 2012
please some one post the answer for pcc accounts paper
abcd
(abcd)
(25 Points)
Replied 16 May 2012
HEY IS ANYONE INTERESTED IN DISCUSSING THE PAPER...WE CAN START ONE BY ONE
abcd
(abcd)
(25 Points)
Replied 17 May 2012
ans 1a)7500000-750000/5=1350000 to be deducted every year on account of depreciation
Ist year:Fixed asset a/c...dr 7500000
To bank a/c 7500000
Fixed asset a/c...dr 1350000
To p&l a/c 1350000
The above entry should be passed for the second year again
This is wat i attempted and i revenuised the government grant.
Ans 1 b)Asset realised=2%*25,00,000=50,0000
pref cred=3%*75,000=2250
unsec cred=3%*(75000+15,00,000)=47,250
=Rs99,500
abcd
(abcd)
(25 Points)
Replied 17 May 2012
can anyone confirm if the above is correct or not...............atleast share your views
CAclubindia
