Solution to ipcc accounts november 2014 paper

IPCC 5609 views 29 replies
Ma'am i'll be really grateful if you can provide us with law's suggested answers
Replies (29)
Ma'am i'll be really grateful if you can provide us with law's suggested answers
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?

@ 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??????

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

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

tanx a lot madam !!!!

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

@ 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

mam it means both the methods are right ? btw thanks for replying so fast mam
madam if possible pls upload advance accounting solution

@ 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 

Mam in the cash flow stat ques admin nd selling exp may be assumed that has not been paid??

@ Nitesh Gupta... if it is not shown as outstanding in the balance sheet, it means it must have been paid no? no question of assumption.

But mam in the given ques balance sheet is not given....only balances of debtors and crs are given?

@ Nitesh Gupta... my dear, had the balance sheet been given to u, why the question would have asked you to prepare it?


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