IPCC passed students please guide

A/c entries 1025 views 4 replies

Mahak

CA-IPCC-Group 1-Student

33 Points Joined March 2011

Hello Friends, I am an IPCC Group-1 Student, I will give my exam in november attempt, bur before that I want to know from you experienced guys who have cleared the IPCC that can I use abbreviations or short forms in solving accounts and tax paper

for example-

can I write simply " PC " in questions instead of writing repeatedly " Purchase Consideration " ??

can I write simple " ISC " i.e ( Insured Standing Charges ) ??

Will it be proper to give the full form once say in a box and then using such appreviations or short forms or will it put adverse effect on marks ??

Also please tell me that while writing narration of journal entries

for example-

say equity shares of10 each are reduced to4 each

then can i simplY write it -

Equity share capital a/c dr.

to equity share capital a/c

to capital reconstruction a/c

( being equity share capital reduced )

Also please tell a last one too that prior to exam, which sample papers should I follow, Are there any sample papers of ICAI himself are avilable in the market or they have to bought from their ICAI Bhawan, Delhi ??

Please guide about these aspects to me

Replies (4)

VIJAYKUMAR

CHARTERED ACCOUNTANT

203 Points Joined August 2007

Dont use abbreviations in exams.Go through suggested answers issued by ICAI for guidance.

Akansha

student

92 Points Joined September 2011

Yes u can wrire d abbrevaition in a box bt try using dat method,instead use full forms cos examiner ka dhyaan kbi kbi nhi jaat choti choti cheezo pe,U HAV 2 TK CRRE OF DSE SMALL THNGS N ACCS KA PAPER LENGTHY NI HOTA HAI,SO U DUN WRY 4 DAT

n regardn journal entries prefer riting

(being eq sh cap of rs 10 reducd to rs2 each)

n yaeh icai has suggsetd answers,dey send it wd d study material nly n if u dun hav dn u cn gt it 4m ne icai branch if dey hv a library.......,U CN ALSO DO SCANNER BY SHUCHITA PUBLCATIONS,DATS D BEST XCEPT 4 ICAI ............DTS READILY AVAILABLE IN THE MARKT

all d bst

do well

Ateeq

CA - Final

218 Points Joined September 2008

Never prefer abbreviations,

Examiner's will not be reading our papers like novel i.e., with a lot of interest.

They will be targeted to complete these many papers per day and so on.

Your abbreviations might irritate them and might confuse them. Sometimes it may lead to mis-interpretations as well. Hence it is advised not to use abbreviations.

The pattern or preference of allotting marks will be, on how the examiner understood our answer rather than how beautifully we wrote the paper.

So be careful and for preparation try practice manuals issued by ICAI.