IPCC Accounting Paper-A brief Analysis

Page no : 2

rahul kumar (Article assistant) (67 Points)
Replied 04 May 2011

excuse me!!!

1/3 rd share means 1/3*3/5 4m amit nd

1/4th of sumit share means 1/4*2/5

hence da total ratio of puneet comes to 1/5+1/10=3/10

so new share of amiot is 3/5-1/5=2/5

new share of sumit is 2/5-1/10=3/10

pls correct me if am wrong!!!!!

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ankit (ca) (30 Points)
Replied 04 May 2011

yeah!!dis is the correct one dude!!

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Gouthami (IPCC ) (80 Points)
Replied 04 May 2011

Originally posted by : Bhavin Pathak-The One Man Army
	lets do the calculation * Puneet takes 1/3rd from Amit 3/5 = 3/5-1/3=(9-5)/15=4/5 * Puneet takes 1/4th from Sumit 2/5= 2/5-1/4=(8-5)/20=3/20 * Puneet's own share 1/3+1/4=(3+4)/12=7/12 Now you can see there is not uniformity in fractions so we have to multiply this with some numbers Amit = 4/5 x 4/4 = 16/60 Sumit = 3/20 x 3/3 = 9/60 Puneet= 7/12 x 5/5 = 35/60 Therefore new PSR = 16:9:35

did ur balance sheet tally...???

Calculation is to be done as said by ankit...

Gouthami (IPCC ) (80 Points)
Replied 04 May 2011

N i guess der is sum MIstake in NPO..

B'coz no1 got d ans...

namita sinha (student) (85 Points)
Replied 04 May 2011

hi,

can anyone tell me the answer for the question on amalgation, ie th number of equity shares in purchase consideration???

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Darshan S Parmar (None) (41 Points)
Replied 04 May 2011

183,750 equity shatres of rs.10 each,8paid up

Pradeep Kumar Saini (CA Final - Student) (104 Points)
Replied 04 May 2011

new ratio is 4:3:3 hi hai

Arun.S (-) (34 Points)
Replied 04 May 2011

Hey the no.of equity shares for cosideration is 183750 only dude... Can anyone say in q.2 the cash absconded adjustment.. I adjusted in pand l a/c.. .Is that right or not ?? Pls do reply

monish babu (nothing) (39 Points)
Replied 04 May 2011

hmm
i too got 4:3:3

Hitesh Jogani (CA Final...!!) (190 Points)
Replied 04 May 2011

well thanx for such analysis...

peace...!!!

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Pravesh Jain (Associate) (24 Points)
Replied 04 May 2011

Guys i really had to ask something. How in the world do u find time to put up such a big discussion for a exam which is already over ?? and i guess most of u are attempting exams till may !!! Shocked with such wastage of precious time !!!!

Regards

Pravesh Jain

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Ashish Kukreja (CA Final Student) (587 Points)
Replied 04 May 2011

Hey Bhavin, I saw d paper and i dont think the psr question is tricky.Dont go by formulaes. It is logical that If one partner on admission wanted some % of profits ,old partners have to sacrifice their part of profits equal to the % he wants multiplied by their old psr.

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