Discuss and download IPCC exam question paper May 2014

Page no : 9

Mahendra (Articled Assistant ) (57 Points)
Replied 28 May 2014

Problem no.2a is wrong, equity dividend percentage is 20% but profit is not sufficient to pay this dividend how can we apportion to others mentioned.

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Swarna prabha (CA in the making) (59 Points)
Replied 28 May 2014

Thanks for sharing. All papers ar one place & together.

Vishal (b.com) (21 Points)
Replied 28 May 2014

Question paper was really lenghty. Couldn't complete at all. And question no 2a was wrong , was printed 75000 equity shares of 100 each instead of 10 each. Institute should give fill marks for students who attended this question.

phani bhaskar (student) (39 Points)
Replied 28 May 2014

Q.2A had been given wrong it seems true?? what say?? will there be any add score??

Saiyam Aggarwal (None) (64 Points)
Replied 28 May 2014

Only ques 2 was a little mess except that the whole xam was like "mkhan"..

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sushant kansal (delhi vivek vihar) (22 Points)
Replied 28 May 2014

can any1 tell sales ratio kaise calculate krni thi

ankitha jain (student) (27 Points)
Replied 28 May 2014

hey the sales ratio of question2(b)

4,80,000/6= 80,000

80,000*3= 2,40,000(pre)

24,00,000-2,40,0000=21,60,000(post)

sales ratio is 1:9

all the best!!!

Laxmi Jain (student) (36 Points)
Replied 28 May 2014

29marks ka nahi kiya

nikhil (student) (21 Points)
Replied 28 May 2014

Question number 2 was incorrect..!!right..?

Rohit Chouhan (student) (24 Points)
Replied 28 May 2014

ques 2( @ ) ws frm practise manual.....share price ws wrong.....i ws waitin fr d correction bt nobody came..

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pratik porwal (student) (27 Points)
Replied 28 May 2014

Does anybody knw what is the ans. Of p&l in single entry que.??? The B/s tallied or not

Manish Sharma (Article Assistant) (22 Points)
Replied 28 May 2014

If anybody can able to solve the amalgamtion question..then pls mail me the solution at manish8961 @ gmail.com

sravan (student) (21 Points)
Replied 28 May 2014

lack of tym attempted only 70 ;-)

N.Naveena Maheswara Rao (Assistant manager for accounts) (1096 Points)
Replied 28 May 2014

Below is the suggested answer for question no. 2(a).

We need not pay equity dividend in case of insufficient profits

Current year Profit	1,000,000
Less: Depreciation	37,500
Tax provision	120,000
Balance available for appropriations	842,500
Less: Transfer to reserve (842,500 * 25%)	210,625
Staff bonus provision (75,000 X 100 X 20% X 10%)	150,000
Balance available for distribution of dividend	481,875
Less: Preference dividend (12,000 X 100 X 15%)	180,000
Balance	301,875
Less: Carried forward profit (12,000 X 100 X 14%)	168,000
Balance for additional dividend	133,875

Distribution of additional dividend
Balance for additional dividend	133,875
To preference share holders (1/3)	44,625
To equity share holders (2/3)	89,250