09 July 2012
Respected Members', What are possible questions may come in the ensuing PCC or IPCC in Nov 2012? Suppose question comes from the chapters like Amalgamation and Reconstruction,Partnership, Redemption of Debenture viz.and it is asked to prepare Balance Sheet, should we make it in 'T' format or according to Revised Schedule VI? We practice from the old books where Balance Sheet are not made in revised schedule VI? Is there any book published by the institute considering the Revised Schedule VI? Should we wait for the revision test paper for Nov 2012 exam for solved question answer? What should we do?
10 July 2012
T format is acceptable. Further you would be tested on the individual line items and not on the format. If your answer is correct then you would be awarded full marks whether you prepare in new format or old format.
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