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urgent query on accounts

CA Paras jain (Audit Senior Assistant) (1544 Points)

11 September 2009

in accounts xamination is it neccessary to draw the performa and writing narration after each entry passed??

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21 Replies

laxman suthar (Asst. Manager Taxtation ) (329 Points)
Replied 11 September 2009

In exam what u mantion is neccessary

CA Sumit Arora (CA) (1410 Points)
Replied 11 September 2009

It is necessary.

CA Paras jain (Audit Senior Assistant) (1544 Points)
Replied 11 September 2009

is it mandatory to write narrations as it is vry time consuming?

CA kavitha Nandini Gudapati (CA) (97 Points)
Replied 11 September 2009

Narrations r necessary & all the working notes should form part of ur answer...

komal nemani (CA Final CS Executive Student) (141 Points)
Replied 11 September 2009

ya narrations are imp & evn d working notes but u cn cut dwn on the no. of working notes only imp notes are to be given

ROHIT (Preparing CS Executive ) (30 Points)
Replied 11 September 2009

Yes it is Neccessary to write up narrations after passing the entry in accounts

PK PREE (CA Final articled student) (128 Points)
Replied 11 September 2009

marks r alloted for naration also.....so its necesary

(Guest)

Proper format and working notes both are important alongwith narations.

Pammi Srivastav (Assistant Finance Officer ) (84 Points)
Replied 11 September 2009

Write the narration in exam only when asked in the question, otherwise just write reference of entry and proceed as there is no time to write extra. While solving redemption and other corporate accounts write the notes to accounts which u know. When bonus is declared write in the balance sheet as (above shares issued utilising divisional profit etc). See the Ideal balance sheet. U might have seen the annual report of companies and balance sheet also. Try to give the practical approach to the answer. This will fetch u marks. The institute should know that u have seen the balance sheet. Its not that u write lengthy narration. Write short and to the point. Its snot necessary that ur presentation should be in good hadwriting, but ur presentation should be right, ie u know where to write what?

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