please answer this query regarding rtp-accounts-pcc-may2010

hey caclub members,

 

plz dwld the attachment which is RTP issued by ICAI for May 2010 (PCC)

 

please look into Question no. 10 (Partnership –Admission cum Retirement) & explain me the working (given in answer) of the motor vehicle taken over by Glad...its depreciation calculation actually..

 

 

Rgds,
G9!

Attached File : 39 18218rtp pcc may10 paper1.pdf downloaded: 230 times
Replies (4)

i think in the following point

 

 

(3) Glad on retirement had taken over one of the firm’s motor vehicles and it was

agreed that he should be charged for it at its written down value on the date of his retirement. The vehicle had cost Rs.1,400 and up to 30th September, 2009

depreciation of Rs.625 had been provided on it.

 

 

date should be 30th september, 2008..

some one please solve this query and correct me if m wrong!

someone please reply!

 

6. Car taken over by Glad Rs. Rs.
Cost                                                                                                1,400
Depreciation – to 30th September 2009     625
to 31st March, 2009                                    175                               800
                                                                                                         600
 
 
so yes i think u r right the date should be 30 september 2008

^ thanks ...

 

i want more responses on this as mailing this thing to ICAI is of no benefit!

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