A Ltd purchased Fixed assets costing 6000 lakhs on 01.01.09. this was financed bu foreign currency loan (Us $) payable in three annual instalments. exchnge rate 1$ = 40 and 45 as on 01.01.09 & 31.12.09 respctly. first instalment was paid on 31.12.09. state how these are accounted for.

Does this come under AS 11 or AS 16?

Am confused :(

^ AS-11

Great thanks :)

So does it mean the closing value as on 31.12.09 shud be taken to calculate the value of instalment?

CAn anyone tell the answer for IPCC cash flow statement. Thanks in advance

Originally posted by : Ragav Manian
	Great thanks :)   So does it mean the closing value as on 31.12.09 shud be taken to calculate the value of instalment?

yes 

there will be a exchane loss of 750 lakhs

and after that loan will increase to 6750 lakhs 

installment amount will 2250 lakhs (6750/3)

hi i wrote the ipcc accounts exam today and the ques paper was moderately difficult but lengthy. Looking at the questions yu cannot judge whether the paper is easy or not, u must sit in the hall and experience the exam pressure. Few of my friends who are very good at studyin finished even revisions twice failed to complete the paper, they left 16 marks 15 or 11 marks, but i jus finished reading once full portions b4 exam and i completed the paper fully.

IPCC Paper

16 marks- incomplete records and amalgamation.

10 marks - HP trading

6 marks - Investment accounting

8 marks - Not for profit org and Cash flow

From a survey of 15 friends of mine

16 marks- incomplete records- moderate and lengthy

                        and amalgamation.-Difficult but nt lengthy

10 marks - HP trading- Very Easy

6 marks - Investment accounting Easy

8 marks - Not for profit org Very Easy

                    and Cash flow Moderate(due to lack of sufficient time)

10* 2 marks questions - Very very easy

4 marks - AS 12 easy

4 marks AS 10 Easy

4 marks Adv of pre packaged software Easy

4 marks AS 2 moderate.

But overall the Paper was Lengthy Which would be the cause for poor results in Accounts this time.

you are correct hari paper was quite lengthy

REALLY EASY ONE............. NOT TOO MUCH DIFFICULTY....... BUT LENGTHY...... "ALLTHE BEST FOR AUDITING TO ALL PCC AND IPCC STUDENTS".......

PCC paper was lengthy but was easy, n IPCC paper was raelly very easy..

Electricity , Dep , cash flow, Profit prior , AS covered a lot....

Highly Unexpected!!!! Dats all every1 has to say...But i dun think it wuz lengthy...

Originally posted by : kritesh tiwari
	IPCC paper was easy...as compared to.... PCC..( Unexpected) .... Atleast ..In IPCC  Amalgamation , HP, Investment, main chapters were asked.. but in PCC it was sh*t...

dude..... u talkin abt imp chapters!!!! v din get ny ques frm partnership, profit prior...., internal reconstrctn,.....

chapters asked wer never IMPORTANT chapters!!!!

d paper was easy bt still ws unexpected.....

plz can any1 tell me ...how is the mark system ??

do we get marks for steps ??