| This paper is solved by Mr. Prashant Bhardwaj M.com ,MBA finance ,M.Phil | ||||||||||||||
| Accountancy teacher in Delhi for IPCC AND CA-CPT CONTACT NO. 981066111 | ||||||||||||||
| TEACHING CENTRES – LAXMI NAGAR, PITAMPURA, BRAHMPURI | ||||||||||||||
| SOLUTION FOR ACCOUNTANCY PAPER FOR IPCC GROUP -I CA EXAM MAY 2011 | ||||||||||||||
|
||||||||||||||
| answer 1-a | ||||||||||||||
| CALCULATION OF PURCHASE CONSIDERATION : | ||||||||||||||
| 9% PSC OF BXE LTD : | ||||||||||||||
| 8000 SHARES @ 100 each eee | 8,00,000 | |||||||||||||
| ESC OF BXE Ltd: | ||||||||||||||
| 15000 shares @ ` 140 each | 21,00,000 | |||||||||||||
| Cash | ||||||||||||||
| For psc 8000*10 = 80,000 | ||||||||||||||
| For Esc 15,000*20=3,00,000 | 3,80,000 | Prashant Bhardwaj | ||||||||||||
| Purchase consideration | 32,80,000 | M.com, MBA -Finance,M.Phil | ||||||||||||
| Teaching Experience 10 years | ||||||||||||||
| answer 1 b- | ||||||||||||||
| step 1. | ||||||||||||||
| calculation of Stock before fire: | ||||||||||||||
| stock as on 31St dec 2010 95,600 | ||||||||||||||
| add: purchases | 1,70,000 | |||||||||||||
| less :machinery | 30,000 | 1,40,000 | ||||||||||||
| 2,35,600 | ||||||||||||||
| Add: | Wages | 50,000 | ||||||||||||
| less | installation | 3,000 | 47,000 | |||||||||||
| 2,82,600 | ||||||||||||||
| less: | cost of sales : | |||||||||||||
| Sales | 2,75,000 | |||||||||||||
| less: | not approved sales | |||||||||||||
| 49,500*2/3 | 16,500 | |||||||||||||
| 2,58,500 | ||||||||||||||
| less: | Profit on sales 20% | 51,700 | 2,06,800 | |||||||||||
| cost of stock before fire | 75,800 | |||||||||||||
| step 2 | ||||||||||||||
| calculation of loss of stock | ||||||||||||||
| cost of stock | 75,800 | |||||||||||||
| less: | salvage value | 12,300 | ||||||||||||
| loss by fire | 63,500 | |||||||||||||
| step 3 | Application of average clause: | |||||||||||||
| Claim to be lodged= | loss suffered*insurance policy/insurance should be taken | |||||||||||||
| = | 63500*60000/75800 | |||||||||||||
| = | 50263.85 | Ans | ||||||||||||
|
||||||||||||||
| REGISTRATION IS ON FOR THE NEW BATCHES OF ACCOUNTANCY IPCC FOR NOV 2011 | ||||||||||||||
| CONTACT 981066111 | FEES ONLY `4,000 FOR SINGLE PAPER | |||||||||||||
| CLASSES START FROM | 1 JUNE 2011 AT ALL CENTRES | |||||||||||||
| COURSE COMPLETE | 31-Aug-11 | |||||||||||||
| REVISION BATCH START | 1-Sep-11 | |||||||||||||
| BATCHES TIMINGS | ||||||||||||||
| 1 | MORNING | 7:30AM -10:30 AM THRICE A WEEK | MWF | |||||||||||
| 2 | MORNING | 10 AM TO 1 PM | TTS | |||||||||||
| 3 | NOON | 12:30 TO 3:00 PM | MWF | |||||||||||
| FFE CAN BE SUBMITTED AT CENTRES | ||||||||||||||
| NO FEE IS CHARGED IF NUMBERS BELOW 50% | ||||||||||||||
| Answer 1 C | ||||||||||||||
| case 1 | ||||||||||||||
| if Goodwill is valued at 5 years of super profit | ||||||||||||||
| Capital employed=3,00,000+2,00,00 | = | 5,00,000 | ||||||||||||
| normal profit = | 5,00,000*20% | = | 1,00,000 | |||||||||||
| Super profit = | Avg profit - Normal profit | 1,36,000-1,00,000 | = | 36,000 | ||||||||||
| Goodwill of the firm | = | 36000*5=1,80,000 | ||||||||||||
| case2 | ||||||||||||||
| if goodwill is calculate at capitalised method | ||||||||||||||
| capitalised value of the firm | avg profit*100/20 | = | 6,80,000 | |||||||||||
| Goodwill of the firm | = | 6,80,000-6,00,000 | = | 80,000 | ||||||||||
| case3 | ||||||||||||||
| if goodwill is calculate avg profit method | ||||||||||||||
| goodwil = | 1,36,000*3 | = | 4,08,000 | |||||||||||
| Answer 1D | ||||||||||||||
| DR | investment a/c | CR | ||||||||||||
| date | NO. | ` | DATE | NO. | ` | |||||||||
| 2010 | 2010 | |||||||||||||
| 1-Apr | b/d | 50,000 | 7,50,000 | 5-Nov | BANK | - | 20,000 | |||||||
| 20-Jun | bank | 10,000 | 1,60,000 | 2011MAR31 | C/D | 9,50,000 | ||||||||
| 1-Aug | bonus share | 10,000 | - | |||||||||||
| 5-Nov | bank | 20,000 | 40,000 | |||||||||||
| 5-Nov | p&l a/c (profit) | - | 20,000 | |||||||||||
| 90,000 | 9,70,000 | 9,70,000 | ||||||||||||
| NOTE: | ||||||||||||||
| As per AS -13 ,para 13 if righ are not subscribed and sold in the market , sale proceed is treated as income. | ||||||||||||||
| Answer 2 | ||||||||||||||
| WN1 | ||||||||||||||
| calculation of p/s ratio and sacrificing ratio: | ||||||||||||||
| Amit 's sacrificing share | 3/5*1/3 | = | 1/5 share | |||||||||||
| Amit 's new share | 3/5-1/5 | = | 2/5 share | |||||||||||
| Sumit sacrificing share | 2/5*1/4 | = | 2/20 share | |||||||||||
| Sumit new share | 2/5-2/20 | = | 6/20 share | |||||||||||
| Sacrifing ratio | 2:01 | |||||||||||||
| new ratio | 4:03:03 | |||||||||||||
| Revaluation a/c | ||||||||||||||
| stock | 60,000 | land & building | 1,00,000 | |||||||||||
| prov for dd | 5,000 | investment | 5,000 | |||||||||||
| profit t/f | ||||||||||||||
| amit | 24,000 | |||||||||||||
| sumit | 16,000 | 40,000 | ||||||||||||
| 1,05,000 | 1,05,000 | |||||||||||||
| Partner's capital a/c | ||||||||||||||
| Amit | Sumit | Punit | Amit | Sumit | Punit | |||||||||
| cash | 60,000 | 30,000 | balance b/d | 1,76,000 | 2,54,000 | |||||||||
| balance c/d | 4,00,000 | 3,00,000 | 3,00,000 | G.reserve | 18,000 | 12,000 | ||||||||
| Rev a/c | 24,000 | 16,000 | ||||||||||||
| punit's loan a/c | - | - | 3,00,000 | |||||||||||
| Premium a/c | 60,000 | 30,000 | ||||||||||||
| cash(b.f.) | 1,82,000 | 18,000 | ||||||||||||
| 4,60,000 | 330,000 | 3,00,000 | 4,60,000 | 3,30,000 | 3,00,000 | |||||||||
| balance b/d | 4lac | 3lac | 3lac | |||||||||||
| B/s of New Firm | ||||||||||||||
| EPF | 10,000 | L/B | 4,20,000 | |||||||||||
| Creditors | 50,000 | Investment | 55,000 | |||||||||||
| capital a/c | Debtors | 3,00,000 | ||||||||||||
| Amit | 4,00,000 | Less prov | 15,000 | 2,85,000 | ||||||||||
| sumit | 3,00,000 | Stock | 50,000 | |||||||||||
| Punit | 3,00,000 | 10,00,000 | Bank | 2,50,000 | ||||||||||
| 10,60,000 | 1,060,000 | |||||||||||||
| This paper is solved by Mr. Prashant Bhardwaj M.com ,MBA finance.M.Phil | ||||||||||||||
| Accountancy teacher in Delhi for IPCC AND CA-CPT CONTACT NO. 981066111 | ||||||||||||||
| TEACHING CENTRES – LAXMI NAGAR, PITAMPURA, BRAHMPURI | 
|
|||||||||||||
| Answer 3 | ||||||||||||||
| In the books of Mars Ltd | ||||||||||||||
| WN1 | ||||||||||||||
| Purchase consideration: | ||||||||||||||
| L/b | 10,80,000 | |||||||||||||
| Stock | 7,70,000 | |||||||||||||
| B/R | 30,000 | |||||||||||||
| 18,80,000 | ||||||||||||||
| This amount is settled by: | Prashant Bhardwaj | |||||||||||||
| 10%PSCof Jupiter ltd | 4100*100 | 4,10,000 | M.com, MBA -Finance,M.Phil | |||||||||||
| ESC of jupiter ltd(b.f) | 14,70,000 | Teaching Experience 10 years | ||||||||||||
| Purchase consideration | 18,80,000 | |||||||||||||
| No. Of shares are issued : | ||||||||||||||
| PSC | 4100 SHARES OF `100 EACH | |||||||||||||
| ESC | 1,83,750 SHARES OF ` 10 EACH `8 PAID UP. | |||||||||||||
| Realisation a/c | ||||||||||||||
| L/B | 7,64,000 | PROV FOR DD | 8,000 | |||||||||||
| Stock | 7,75,000 | B/P | 40,000 | |||||||||||
| Debtors | 1,60,000 | CREDITORS | 2,26,000 | |||||||||||
| B/R | 30,000 | PROV FOR TAX | 2,20,000 | |||||||||||
| Bank a/c: | JUPITORS LTD | 18,80,000 | ||||||||||||
| B/P | 38,000 | BANK(DEBTORS) | 1,50,000 | |||||||||||
| tax | 2,22,000 | |||||||||||||
| Exp (8000-5000) | 3,000 | 2,63,000 | ||||||||||||
| bank(credtiors from wn) | 2,16,000 | |||||||||||||
| Profit t/f to ESH | 3,16,000 | |||||||||||||
| 25,24,000 | 2,524,000 | |||||||||||||
| BANK A/C | ||||||||||||||
| BALANCE B/D | 3,29,000 | REALISATION A/C | 2,63,000 | |||||||||||
| REALISATION A/C | 1,50,000 | REALISATION A/C(B.F FOR CREDITORS) | 2,16,000 | |||||||||||
| 4,79,000 | 4,79,000 | |||||||||||||
| ESH A/C | ||||||||||||||
| PSC OF JUPITORS LTD | 4,10,000 | ESC | 10,00,000 | |||||||||||
| ESC OF JUPITOTS LTD | 14,70,000 | CAPITAL RESERVE | 42,000 | |||||||||||
| CONTIGENCY RESERVE | 2,70,000 | |||||||||||||
| P/L A/C | 2,52,000 | |||||||||||||
| REALISATIION | 3,16,000 | |||||||||||||
| 18,80,000 | 18,80,000 | |||||||||||||
| This paper is solved by Mr. Prashant Bhardwaj M.com ,MBA finance,M.Phil | ||||||||||||||
| Accountancy teacher in Delhi for IPCC AND CA-CPT CONTACT NO. 981066111 | ||||||||||||||
| TEACHING CENTRES – LAXMI NAGAR, PITAMPURA, BRAHMPURI | ||||||||||||||
| SOLUTION FOR ACCOUNTANCY PAPER FOR IPCC GROUP -I CA EXAM MAY 2011 | ||||||||||||||
| Answer 4 | ||||||||||||||
| CFS AS PER AS3- REVISED | ||||||||||||||
| PARTICULARS | AMOUNT | |||||||||||||
| (a) CASH FLOW FROM OPERATING ACTIVITIES: | ||||||||||||||
| PBT | 1,35,000 | |||||||||||||
| ADD: | NON CASH CHARGES | |||||||||||||
| DEP | 75,000 | |||||||||||||
| 2,10,000 | ||||||||||||||
| ADD: | STOCK | 20,000 | ||||||||||||
| LESS: | ||||||||||||||
| CREDITORS | (1,00,000) | |||||||||||||
| DEBTORS | -20,000 | (1,00,000) | ||||||||||||
| OPERATING PROFIT AFTER WORKING CAPITAL CHANGE | 1,10,000 | |||||||||||||
| LESS: TAX PAID | -45,000 | |||||||||||||
| CASH FLOW FROM OPERATING ACTIVITIES | 65,000 | |||||||||||||
| (B) CASH FLOW FROM INVESTING ACTIVITIES: | ||||||||||||||
| PURCHASE MACHINERY FOR CASH | (1,25,000) | |||||||||||||
| SALE OF INVESTMENT | 60,000 | |||||||||||||
| CASH USED IN INVESTING ACTIVITIES | -65,000 | |||||||||||||
| (C) CASH FLOW FROM FINANCING ACTIVITIES: | ||||||||||||||
| ISSUE OF ESC FOR CASH | 1,50,000 | |||||||||||||
| BANK LOAN PAID | (1,00,000) | |||||||||||||
| CASH FLOW FROM FINANCING ACTIVITIES | 50,000 | |||||||||||||
| A+B+C | INCREASE IN CASH AND CASH EQIVALENTS | 50,000 | ||||||||||||
| ADD: | OPENING CASH AND CASH EQIVALENTS | |||||||||||||
| CASH | 2,00,000 | |||||||||||||
| BANK | 3,00,000 | 5,00,000 | ||||||||||||
| CLOSING CASH AND CASH EQIVALENTS | 5,50,000 | |||||||||||||
| ANS 5 | ||||||||||||||
| NOTE TO CA INSTITUTE: | ||||||||||||||
| INFO ABOUT SUBSCRIPTION GIVEN IN THIS QUESTION HAS A PRINTING MISTAKE. | ||||||||||||||
| AS PER ADDITIONAL INFO NO. 1 WE ARE INFORMED THAT IN THE BEGINING OF YEAR SUBSCRIPTION WAS OUTSTANDING ` 5,000 | ||||||||||||||
| BUT AS PER RECIEPT & PAYMENT A/C FOR THE CY ,SUBSCRIPTION RECEVIED FOR LAST YEAR IS `2,11,000. WHICH NEVER CAN BE | ||||||||||||||
| POSSIBLE. | ||||||||||||||
| SO WE ARE ASSUMING IT AS A PRINTING ERROR. | ||||||||||||||
| PLEASE NOTE (ASSUMPTION FOR SIMPLYFICATION THE QNS) | ||||||||||||||
| WE ARE ASSUMING | ||||||||||||||
| `2,11,000 | IS RECEVIED FOR CY I.E 2010-11 | |||||||||||||
| `4,500 | IS RECEVIED FOR PY I.E 2009-10 | |||||||||||||
| `7,500 | IS RECEVIED FOR NY I.E 2011-12. | |||||||||||||
| WN1 | ||||||||||||||
| B/S AS ON 1 APRIL 2010 | ||||||||||||||
| SUNDRY EXP O/S | 7,000 | BANK | 1,02,500 | |||||||||||
| CAPITAL FUND(B.F) | 31,05,500 | SUBSCRIPTION O/S | 5,000 | |||||||||||
| STATIONERY | 5,000 | |||||||||||||
| BUILDING | 10,00,000 | |||||||||||||
| INVESTMENT | 20,00,000 | |||||||||||||
| 31,12,500 | 31,12,500 | |||||||||||||
| INCOME & EXPENDITURE A/C FOR THE YEAR ENDED 31 MARCH 2011 | ||||||||||||||
| telephone exp | 10,000 | Subscriptttion (450*500) | 2,25,000 | |||||||||||
| add:o/s exp | 3,500 | 13,500 | Profit on sports fund | 1,55,000 | ||||||||||
| Income from Investment 1,00,000 | ||||||||||||||
| Sundry exp | 92,500 | add:Accrued interest 3,750 | 1,03,750 | |||||||||||
| less : paid for py | 7,000 | 85,500 | ||||||||||||
| stationery consumed: | ||||||||||||||
| purchase | 40,000 | |||||||||||||
| add;opening stock | 5,000 | |||||||||||||
| lessclosing stock | -9000 | 36,000 | ||||||||||||
| depreciation | 50,000 | |||||||||||||
| salary | 2,08,000 | |||||||||||||
| rent | 60,000 | |||||||||||||
| Surplus(b.f) | 30,750 | |||||||||||||
| 4,83,750 | 4,83,750 | |||||||||||||
| B/S AS ON 31 MARCH 2011 | ||||||||||||||
| Sub rec in advance | 7,500 | cash in bank | 45,000 | |||||||||||
| telephone bill o/s | 3,500 | Sub o/s | ||||||||||||
| capital fund | 31,36,250 | for 2009-10 | 500 | |||||||||||
| add: surplus | for 2010-11 | 14,000 | 14,500 | |||||||||||
| stationery | 9,000 | |||||||||||||
| building less dep | 9,50,000 | |||||||||||||
| investment | 21,25,000 | |||||||||||||
| accrued int on investment | 3,750 | |||||||||||||
| 31,47,250 | 3,147,250 | |||||||||||||
| ans 6 | ||||||||||||||
| WN1 | ||||||||||||||
| SALES FOR 2009-10=5,00,000 | ||||||||||||||
| SALES FOR 2010-11=5,00,000*120/100=6,00,000 | ||||||||||||||
| CASH SALES | 6,00,000*20/100=1,20,000 | |||||||||||||
| CREDIT SALES | 6,00,000*80/100=4,80,000 | |||||||||||||
| WN2 | ||||||||||||||
| DEBTORS A/C | ||||||||||||||
| B/D | 1,00,000 | BANK(B.F) | 4,60,000 | |||||||||||
| SALES | 4,80,000 | C/D | 1,20,000 | |||||||||||
| 5,80,000 | 5,80,000 | |||||||||||||
| WN3 | ||||||||||||||
| CREDITORS A/C | ||||||||||||||
| BANK | 3,00,000 | B/D | 82,000 | |||||||||||
| BALANCE C/D | 1,46,000 | PURCHASE(B.F) | 3,64,000 | |||||||||||
| 4,46,000 | 4,46,000 | |||||||||||||
| WN3 | ||||||||||||||
| CASH BOOK | ||||||||||||||
| DATE | CASH | BANK | DATE | CASH | BANK | |||||||||
| B/D | 28,000 | 38,000 | ||||||||||||
| SALES | 1,20,000 | - | SALARY | 24,000 | ||||||||||
| CASH(CONTRA) | - | 80,000 | OFFICE EXP | 14,400 | ||||||||||
| DEBTORS | - | 4,60,000 | DRAWINGS | 6,000 | ||||||||||
| CREDITORS | 3,00,000 | |||||||||||||
| RENT | 16,000 | |||||||||||||
| BANK | 80,000 | |||||||||||||
| C/D | 23,600 | 2,62,000 | ||||||||||||
| 1,48,000 | 5,78,000 | 1,48,000 | 5,78,000 | |||||||||||
| B/D | 23,600 | 2,62,000 | ||||||||||||
| TRADING A/C OF MR. A | ||||||||||||||
| FOR THE YEAR ENDING 2010-2011 | ||||||||||||||
| OPENING STOCK | 2,80,000 | SALES | 6,00,000 | |||||||||||
| PURCHASES | 3,64,000 | CLOSING STOCK | 1,60,000 | |||||||||||
| GROSS PROFIT | 1,16,000 | |||||||||||||
| 7,60,000 | 7,60,000 | |||||||||||||
| DEPRECIATION | 4,000 | GROSS PROFIT | 1,16,000 | |||||||||||
| SALARY | 24,000 | |||||||||||||
| OFFICE EXP | 14,400 | |||||||||||||
| RENT | 16,000 | |||||||||||||
| NET PROFIT(B.F) | 57,600 | |||||||||||||
| 1,16,000 | 1,16,000 | |||||||||||||
| B/S OF MR A | ||||||||||||||
| AS ON 31-3-2011 | ||||||||||||||
| CREDITORS | 1,46,000 | FURNITURE | 36,000 | |||||||||||
| CAPITAL | 4,04,000 | STOCK | 1,60,000 | |||||||||||
| ADD | NET PROFIT | 57,600 | DEBTORS | 1,20,000 | ||||||||||
| LESS | DRAWINGS | 6,000 | 4,55,600 | CASH | 23,600 | |||||||||
| BANK | 2,62,000 | |||||||||||||
| 6,01,600 | 6,01,600 | |||||||||||||
|
||||||||||||||
| REGISTRATION IS ON FOR THE NEW BATCHES OF ACCOUNTANCY IPCC FOR NOV 2011 | ||||||||||||||
| CONTACT 981066111 | FEES ONLY `4,000 FOR SINGLE PAPER | |||||||||||||
| CLASSES START FROM | 1 JUNE 2011 AT ALL CENTRES | |||||||||||||
| COURSE COMPLETE | 31-Aug-11 | |||||||||||||
| REVISION BATCH START | 1-Sep-11 | |||||||||||||
| BATCHES TIMINGS | ||||||||||||||
| 1 | MORNING | 7:30AM -10:30 AM THRICE A WEEK | MWF | |||||||||||
| 2 | MORNING | 10 AM TO 1 PM | TTS | |||||||||||
| 3 | NOON | 12:30 TO 3:00 PM | MWF | |||||||||||
| FFE CAN BE SUBMITTED AT CENTRES | ||||||||||||||
| NO FEE IS CHARGED IF NUMBERS BELOW 50% | ||||||||||||||
| This paper is solved by Mr. Prashant Bhardwaj M.com ,MBA finance,M.Phil | ||||||||||||||
| Accountancy teacher in Delhi for IPCC AND CA-CPT CONTACT NO. 981066111 | ||||||||||||||
| TEACHING CENTRES – LAXMI NAGAR, PITAMPURA, BRAHMPURI | ||||||||||||||
| SOLUTION FOR ACCOUNTANCY PAPER FOR IPCC GROUP -I CA EXAM MAY 2011 | ||||||||||||||
| ANS 7A | DATE | AMOUNT | DATE FROM BASE | PRODUCT | ||||||||||
| 5000 | 0 | - | ||||||||||||
| 4000 | 26 | 104000 | ||||||||||||
| 8000 | 80 | 640000 | ||||||||||||
| 10000 | 125 | 1250000 | ||||||||||||
| 9000 | 154 | 1386000 | ||||||||||||
| 36000 | 3380000 | |||||||||||||
| ADD= | BASE DATE +3380000/36000 | |||||||||||||
| 15 JAN+ | 93.88 DAY SAPPROX 94 DAYS | |||||||||||||
| 19-Apr-10 | ||||||||||||||
| INTERST ON DRWINGS= 36000*10/100*63/365 | ||||||||||||||
| 621 | ROUND OFF | |||||||||||||
| ANS 7B | ||||||||||||||
| AS PER AS-2 | ||||||||||||||
| VALUATION OF INVENTORY IS VALUED AT LOWER OF MP AND CP | ||||||||||||||
| THEREFORE VALUATION OF INVENTORY | ||||||||||||||
| P | 475000 | |||||||||||||
| Q | 980000 | |||||||||||||
| R | 289000 | |||||||||||||
| S | 425000 | |||||||||||||
| T | 160000 | |||||||||||||
| 2329000 | ||||||||||||||
| ANS 7 C | ||||||||||||||
| STEP 1 | ||||||||||||||
| CALCULATION OF GAINING RATIO OF X;Z = 13:11 | ||||||||||||||
| STEP 2: | ||||||||||||||
| SACRIFICING RATIO OF X;Z = 2:1 | ||||||||||||||
| 1_ | JOURNAL ENTRIES; | |||||||||||||
| X.......................DR | 39000 | |||||||||||||
| Z.......................DR | 33000 | |||||||||||||
| TO Y | 72000 | |||||||||||||
| 2_ | CASH ................DR | 64800 | ||||||||||||
| TO PREMIUM | 64800 | |||||||||||||
| 3_ | PREMIUM DR | 64800 | ||||||||||||
| TO X | 43200 | |||||||||||||
| TO Z | 21600 | |||||||||||||
| ANS 7 D | ||||||||||||||
| IT IS PURE THERORITICAL QUS I AM EXPECTING YOU WILL MANAGE IT. | ||||||||||||||
| ANS 7 E | ||||||||||||||
| IN GENERAL LEDGER | ||||||||||||||
| TOTAL DEBTORS A/C | ||||||||||||||
| B/D | 77,500 | CASH | 3800 | |||||||||||
| SALES | 70000 | B/R-ACCEPTED | 26000 | |||||||||||
| DISCOUNT | 1000 | |||||||||||||
| B/R-DISHON | 8500 | SALES RETURN | 2550 | |||||||||||
| CASH(NOTING CHARGES) | 250 | C/D | 88700 | |||||||||||
| 156250 | 156250 | |||||||||||||
| B/D | 88700 | |||||||||||||
| NOTE: | ||||||||||||||
| INT IS ALWAYS CREDITED IF DEBTORS ARE NOT PAYING ON TIME SO IT IS ASSUMED THAT THE GIVEN INTEREST IS | ||||||||||||||
| FOR CREDTIORS A/C. | ||||||||||||||
| APPROCH 2; | ||||||||||||||
| IF INTEREST IS DEBITED IN DEBTORS A/C THEN THE CORRECT STATEMENT SHOULD BE PRINTED AS; | ||||||||||||||
| DEBTORS ARE DEBITED WITH THE AMOUNT OF INTEREST FOR DELEY IN PAYMENY. IN THAT CASE | ||||||||||||||
| CLOSING DEBTORS BALANCE WOULD BE `87450 | ||||||||||||||
| THANKS | ||||||||||||||
| PRASHANT BHARDWAJ | ||||||||||||||
| TEACHING SUBJECT . | ||||||||||||||
| ACCOUNTANCY | CA-IPCC ,CS-EXEC,CA -CPT. | |||||||||||||
| This paper is solved by Mr. Prashant Bhardwaj M.com ,MBA finance,M.Phil | ||||||||||||||
| Accountancy teacher in Delhi for IPCC AND CA-CPT CONTACT NO. 981066111 | ||||||||||||||
| TEACHING CENTRES – LAXMI NAGAR, PITAMPURA, BRAHMPURI | ||||||||||||||
| IF THIS DOCUMENT CONTAINS ANY MISPRINT THEN PLEASE INFORM ME AT MY MAIL.NO | ||||||||||||||
| INFO @ EXAMONLINE.ORG | ||||||||||||||
| FOR NOTES CONTACT ME AT WWW.EXAMONLINE.ORG | ||||||||||||||
| FOR VIDEO OF ANY TOPIC INFORM ME I WILL UPLOAD ON U TUBE FOR YOU. | ||||||||||||||
| THANKS. | ||||||||||||||
|
|
||||||||||||||
| REGISTRATION IS ON FOR THE NEW BATCHES OF ACCOUNTANCY IPCC FOR NOV 2011 | ||||||||||||||
| CONTACT 981066111 | FEES ONLY `4,000 FOR SINGLE PAPER | |||||||||||||
| CLASSES START FROM | 1 JUNE 2011 AT ALL CENTRES | |||||||||||||
| COURSE COMPLETE | 31-Aug-11 | |||||||||||||
| REVISION BATCH START | 1-Sep-11 | |||||||||||||
| BATCHES TIMINGS | ||||||||||||||
| 1 | MORNING | 7:30AM -10:30 AM THRICE A WEEK | MWF | |||||||||||
| 2 | MORNING | 10 AM TO 1 PM | TTS | |||||||||||
| 3 | NOON | 12:30 TO 3:00 PM | MWF | |||||||||||
| FFE CAN BE SUBMITTED AT CENTRES | ||||||||||||||
| NO FEE IS CHARGED IF NUMBERS BELOW 50% | ||||||||||||||
Attached File : 33 ipcc accounts may 2011 soved copy.pdf downloaded: 1793 times
CAclubindia
