How was IPCC accounts paper ?

IPCC 1971 views 29 replies
I am from Kerala, as our accounts exam stands postponed due to the local body elections, will any questions be repeated ??? There is no chance at all but still asking
Replies (29)
I am from Kerala, as our accounts exam stands postponed due to the local body elections, will any questions be repeated ??? There is no chance at all but still asking
Capt reserve was 799000 I think.
Shivam u were wrong..correct Answer is :- Capital Reserve 59,43,000 and Balancesheet Total 1,10,03,000
When can we get a solution ser for yesterday's paper
Answer may vary due to different assumptions.
How do you people manage to finish so lenghty paper ?
Guys how much of theory was there in the paper?
How much of theory was there in the accs paper? Marks i mean

can anyboby tell answer for 2nd adjustment in reconstruction question? also equity and preference share capital amount  

What was the method of solving the average due date problem? How to proceed with it?
9%Preference Share Capital (10) DR. 40L To 9%Preference Share Capital (8) 32L To Capital Reconstruction 8L Based on Assumption that reduction implies reduction in face value not paid up value. All preference shares of 8 instead of 10 are further issued in question which implies reduction in face value. For more, you can refer RTP Nov 2010 Question No. 11 Adjustment (a)
It was easy .. Question1 was easiest.

Q2--    CAPITAL RESERVE 943000  B/S TOTAL= 1,26,33,000

                                                                                              

Q5--    BALANCE SHEEET TOTAL= 9,00,850.

           CLOSING BANK BALANCE = 1,90,950

           NAINA'S 10% LOAN BALANCE AT THE END= 2,85,000

          CAPITAL A/C.:  RADHA = 1,02,000   KHUSHI = 1,18,000  ASMITA(new part.)= 75,000

          CURRENT A/C.: RADHA = 65,340     KHUSHI=  80,340     ASMITA(new part.)= 40170

          PROFIT DURING THE YEAR= 2,57,100

         I HOPE THESE ARE THE CORRECT ANS.TO Q5. IF SOME ONE GOT DIFFERENT                     ANSWERS,  PLEASE DO POST.

       

            

For internal reconstruction capital reserve=5500500 and b/s total is 12640500
Can anyone say the answer to the residential status question tax ipcc November 2015?


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