Easy Office
Easy Office

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

Page no : 6

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

pata nai boss, koi kya karke aaya h, koi kya kark aaya h... mai to confuse hu...

 

BHAI MUJHKO PASS KARA DO....!!!


Nawaz (CA Final) (195 Points)
Replied 04 May 2010

i got                      90000   in cash flow did  anyone got the same i am confused

 

CF from operating Activities      640000

C F from Inst act                          470000

CF from Financing Act               -260000

 

Total cF                                        -90000

 

tell me where i did mistake.   we have to lee: divident received in operating activities adjestment or not                                 


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

yeh 3 activity add karne par total - 90000 thodi na aayega...!!!
 


Bhargav Patel (CA Final B.Com M.B.A.)   (50 Points)
Replied 04 May 2010

 Paper was so easy but unexpected question asked otherwise scoring paper


Nawaz (CA Final) (195 Points)
Replied 04 May 2010

i got 90000 in cash flow did anyone got the same i am confused



CF from operating Activities          640000

C F from Inst act                           -470000

CF from Financing Act                 -260000



Total cF                                           -90000



tell me where i did mistake. we have to lee: divident received in operating activities adjestment or not




(Guest)

All my friends, My sir had forecasted 60% of the Topics of  Todays Paper & Instructed  the same to us on Saturday so we can do them a bit thoroughly. I have attached the list of Topics which he had marked to study as very Important


Attached File : 10 imp for acc may 2010.doc downloaded: 240 times

dhanashree (article) (97 Points)
Replied 04 May 2010

the paper was good.... but the unexpected was asked... so the morale was reduced!!!!


Nawaz (CA Final) (195 Points)
Replied 04 May 2010

All my friends, My sir had forecasted 60% of the Topics of Todays Paper & Instructed the same to us on Saturday so we can do them a bit thoroughly. I have attached the list of Topics which he had marked to study as very Important


Attached File : 10_imp_for_acc_may_2010.doc downloaded 3 times

 

can u   give  for Auditing and law please



(Guest)

ipcc  paper was easy bt quite lenghty . . . 


CA Ruben Balooni (Professionalism ™) (1324 Points)
Replied 04 May 2010

Originally posted by : kritesh tiwari




Originally posted by : GuNmAsTeR-G9!








Originally posted by : gaurav dogra




hey can anybody temme wat wz the GP ratio ratio in depatmental sum...




Deptt. X = 25% on sales (170000/680000) 
Deptt Y = 30% on sales (168000/560000)
 
Stock Reserve = 7200+3500 = 10700






Hey i got the same answer.. but  i didnt  calculate Stock reserve .. How much i get

 

u'll get 10-14/16!


 

Originally posted by : LLOYD VAZ

Wat was sales ratio for PCC Pre & Post incorporation problem?



Sales Ratio = 480000:1440000 = 1:3


 

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...:)!



full year! (3200000 x 12)


 

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.



you are rite rest are wrong! Intangible assets comes at full year value..


 

Originally posted by : ARUSHI

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




Operating Activity = 740000

Investing activity = (470000)

Financing Activity = (260000)


 

Originally posted by : ARUSHI

i did make assest account n purchase cm up to 520000 rs. and cash flw frm oprtin activity rs. 740000..., investing 470000 rs and financin 380000 rs :(:(



cash from financing activities = (260000)





Abhinav Shah (Article) (61 Points)
Replied 04 May 2010

Hi can any one send the solution of electricity sum and cash flow of PCC paper?


Nawaz (CA Final) (195 Points)
Replied 04 May 2010

Originally posted by : ARUSHI

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







Operating Activity = 740000

Investing activity = (470000)

Financing Activity = (260000)



Originally posted by : ARUSHI

i did make assest account n purchase cm up to 520000 rs. and cash flw frm oprtin activity rs. 740000..., investing 470000 rs and financin 380000 rs :(:(





cash from financing activities = (260000)

 

 

hey buddy  operating avtivities how?       740000        why have you added divident income instead of reducing it                             


CA Ruben Balooni (Professionalism ™) (1324 Points)
Replied 04 May 2010

Originally posted by : nawaz

Originally posted by : ARUSHI

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







Operating Activity = 740000

Investing activity = (470000)

Financing Activity = (260000)



Originally posted by : ARUSHI

i did make assest account n purchase cm up to 520000 rs. and cash flw frm oprtin activity rs. 740000..., investing 470000 rs and financin 380000 rs :(:(





cash from financing activities = (260000)

 

 

hey buddy  operating avtivities how?       740000        why have you added divident income instead of reducing it                             

 

Net Profit after tax = 330000

+depreciation = 220000

+int paid = 140000

- dividend recd = (50000)

- increase in stock = (20000)

+ decrease in debtors = 60000

+ decrease in bills receivable = 10000

+ increase in creditors = 50000

 

NET CASH FLOW FROM OPERATING ACITIVITY = 330000+220000+140000-50000-20000+60000+10000+50000 = 740000


gaurav dogra (article) (82 Points)
Replied 04 May 2010

Originally posted by : GuNmAsTeR-G9!



Originally posted by : gaurav dogra




hey can anybody temme wat wz the GP ratio ratio in depatmental sum...




Deptt. X = 25% on sales (170000/680000) 
Deptt Y = 30% on sales (168000/560000)
 
Stock Reserve = 7200+3500 = 10700

 

i also included purchased goods transfered to calculate GP ratio .... gt correct gross profit.... how much marks will be deducted???????



vikash rathi (Chartered Accountant) (787 Points)
Replied 04 May 2010

ya 16 marks from electricity...very strange...yesterday night only my friend ask me how to do in elecrticity chapter ...whether it is good to leave it...but i suggest him to complete it and taught him whole chapter in an half an hour....and see the magic ...he is geatly thank ful to me for my ..help..and his.whole 16 marks were secured by him,,,



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