How was today's PCC-IPCC accounts???

Page no : 4

Nitesh Kumar Sharma (Student) (136 Points)
Replied 04 May 2010

Dear all,

please help me regarding May,10 A/c paper QN. 3 ELECTRICITY COMPANY.

In this question IN PLACE OF COST OF INTANGIBLE ASSETS,

MONTHLY AVG. OF INTANGIBLE ASSETS IS GIVEN, WHICH, I THINK, IS PURELY A MISTAKE.

Every person i met, solved this question without considering the MONTHLY AVG.. & they reached the right answer.

BUT i solved this question(as question says MONTHLY AVG. ) by considering it as a monthly avg. & multiplying this by 12, & due to this my whole question resulted in Negative Reasonable Return, i.e. NO ANSWER.

PLEASE HELP ME. I HAVE JUST FOLLOWED THE LANGUAGE.
PLEASE COMMENT, I AM VERY UPSET & WAITING FOR YOUR SUGGESTIONS/ COMMENTS.

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CA RADHIKA AGARWAL (CA) (300 Points)
Replied 04 May 2010

intangible assets figure shud be taken as it is given in d ques

Nikhil (B.COM(H)) (140 Points)
Replied 04 May 2010

Mistake in Electricity taken as (average of intangible assets, very confusing point)

LLOYD VAZ (Free Lancer) (158 Points)
Replied 04 May 2010

It should be original cost of intangible asset that means monthly average x 12 that cost.....

ARUSHI (student) (34 Points)
Replied 04 May 2010

Originally posted by : Nitesh Sharma
	Dear all, please help me regarding May,10 A/c paper QN. 3 ELECTRICITY COMPANY. In this question IN PLACE OF COST OF INTANGIBLE ASSETS, MONTHLY AVG. OF INTANGIBLE ASSETS IS GIVEN, WHICH, I THINK, IS PURELY A MISTAKE. Every person i met, solved this question without considering the MONTHLY AVG.. & they reached the right answer. BUT i solved this question(as question says MONTHLY AVG. ) by considering it as a monthly avg. & multiplying this by 12, & due to this my whole question resulted in Negative Reasonable Return, i.e. NO ANSWER. PLEASE HELP ME. I HAVE JUST FOLLOWED THE LANGUAGE. PLEASE COMMENT, I AM VERY UPSET & WAITING FOR YOUR SUGGESTIONS/ COMMENTS.

i e1 hv done da same thng n gone thru language f term :( i hope we get marks :(! ill definately mail icai to consider da same...... OR MAY B we r ryt....thy would hv done ths deliberatly... to chk da presence f mind :p wssay ??

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Nikhil (B.COM(H)) (140 Points)
Replied 04 May 2010

Yes Nitesh, if was disappointed too, it takes me 15 minutes on single point

ARUSHI (student) (34 Points)
Replied 04 May 2010

post answer for CFS pls.... m shockd it din tally :(!

vaibhave (article) (51 Points)
Replied 04 May 2010

hehehe

paper wass laddu...........

kuch b kam ka nhi tha....

sare ques hanif mukherji se aaye the................bt deptt wala bhul gaya :(:(:(

Vishal Nahata (CA) (56 Points)
Replied 04 May 2010

mine got tallied but took lot of tym :(

i think u hav'nt prepared the Asset account !!!

the asset purchased was 522000.

1 Like

CA. ESHAN GOYAL (ca) (63 Points)
Replied 04 May 2010

todays paper was very easy

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RagePersonified (thinker) (21 Points)
Replied 04 May 2010

i think its a lesson taught by icai to all d students that its not just any examination(or course for that matter) and you hav to MASTER your subjects especially accounts

this paper was least expected

i relied heavily on Banking, HP, single entry, NPO and amalgamation and reconstruction( not to forget those 5-6 small chapters of bonus,underwriting, esop,etc)

was expectin to score exemption and now ..........

wtf!

vaibhave (article) (51 Points)
Replied 04 May 2010

vishal

asset purchased amt is 520000 nt 522000

Nikhil (B.COM(H)) (140 Points)
Replied 04 May 2010

Yaar koi electricity ki galti ke liye bhi kuchh batao? and how u get stock reserve in department..

chetan jain (cj) (203 Points)
Replied 04 May 2010

Originally posted by : ARUSHI

hey any1 pls lemme knw.. in electricity company question.. whether intangibl assests would come at monthly average or full year.. current assets ka m sure it wilb monthly bt intangibl ?? re[ply asap..well 80% qyuestns askd r frm tulsian...:)!

yaar i also didn't noticed about it... if u get the answer then tell me too...!!!