Solution to ipcc accounts november 2014 paper

Page no : 2

Kunal Bhati (Student) (23 Points)
Replied 16 November 2014

Ma'am i'll be really grateful if you can provide us with law's suggested answers

Ankit (a) (23 Points)
Replied 16 November 2014

Ma'am, but the qtn paper does not specifically give any amount for closing cce and in such case we assume it to be nil? Right?

shakuntala chhangani (FCA Course co-ordinator WIRC coaching centre) (2525 Points)
Replied 16 November 2014

@ Ankit, It means if you have 6 Rs. in the beginning of the day. You get Rs. 10 and spend Rs. 10 on the same day. Your closing balance will be NIl or Rs. 6??????

Sadique Ahmed (student) (52 Points)
Replied 16 November 2014

Madam plz provide us cost fm solution plz plz m eagerly wtng to match my answers plz at least madam provide question no 6a management of receivables answr!!! Plz

shakuntala chhangani (FCA Course co-ordinator WIRC coaching centre) (2525 Points)
Replied 17 November 2014

@ Sadique Ahmed, I have uploaded FM part solution. Costing solutions are not yet ready. it will be uploaded soon.

Sadique Ahmed (student) (52 Points)
Replied 17 November 2014

tanx a lot madam !!!!

learner (nil) (243 Points)
Replied 17 November 2014

mam sale of right how can be treated as income and y we can not take it as cost reCovered

shakuntala chhangani (FCA Course co-ordinator WIRC coaching centre) (2525 Points)
Replied 17 November 2014

@ Rishabh ...

as per AS 13, if the shares r puchased cum-right, then proceeds of right is credited to investment A/c. else it is credited to P/L A/c

learner (nil) (243 Points)
Replied 17 November 2014

mam it means both the methods are right ? btw thanks for replying so fast mam

Prateek Tiwari (Senior Accountant / Account & Audit Assitant) (149 Points)
Replied 23 November 2014

madam if possible pls upload advance accounting solution

shakuntala chhangani (FCA Course co-ordinator WIRC coaching centre) (2525 Points)
Replied 23 November 2014

@ prateek Tiwari, it has already been uploaded within 12 hours of ur adv accounting paper at caclubindia only. search ipcc adv accounting nov 2014 paper solution