LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Need help

sowmya (CA-IPCC) (55 Points)

29 March 2012

any one please say me the way to do second group accounts.... i not understanding how to get through.... please suggest me how to score good marks in second group accounts... please help me...

Reply
Follow
Share

4 Replies

sudheer paidi (Articleship) (160 Points)
Replied 29 March 2012

In second group accounts you can easily pass first study the topics which have more weightage like amalgamation

If you are worrying about FORMAT accounts the read only the questions of the model asked in previous years they will not ask oher than those model questions

Give priority in this order

1.amalgamation/internal reconstruction 16-20m

2.liquidation of companies 8m

3. amalg/conv of p.firm 16-20M

4.accounting standards 15-25M

revise these topics number of times and if you have time move on to FORMAT accounts

2 Like

Anil keshavalal (Learning) (21 Points)
Replied 29 March 2012

Hi to One and all

Please help me on this topic

A partnership Firm formed with 5 partner with diffrent share 51% 10% 20% 9% 10%

they brought immovable property according to their share ( sec 45 (3) does here applys & is it capital Gain arises?) and one of the partner with 9% want forgone his 6% and he want to retain only 3% ( does here also capital gain arises) the remaining share is taken by another partner with 10%(10+6)

thanking you