CA FOUNDATION JUNE24 || ACCOUNTANCY || COMPLETE DETAIL DISCUSSION AND SUGGESTED ANSWERS || ICAI

[@b3academybycaarundaga293]

In BRS q. Correct answer is 19820

[@vikramff8357]

Sir in admission of partnership answer after distributing ranu's goodwill , why we did not deduct that 42000 from his capital in the left side (dr) .generally we will record it in both sides right?

[@b3academybycaarundaga293]

Because i have not added the amount first to capital . I have directly distributed the amount between sacrifice partner by passing the following journal Bank dr To sacrifice partner

[@ishantbatra6819]

Sir admission wale question me goodwill laane ke baare me to kuch kaha hi nhi. To capital me se deduct nhi honi chahiye?. Balance sheet ka total 988100 bnn raha h...

[@b3academybycaarundaga293]

Normally when partner doesn't bring goodwill premium we debit his current account

[@mral_aman6942]

988100+42000=1030100 Ranu goodwill k liye 42000 le kr aa rha aur 1lakh capital k liye total 142000 then cash at bank balance sheet me 142,000+30100

[@Shrutisomya-ch7oz]

@@b3academybycaarundaga293 Then current account ka entry balance sheet ke liability side me aana chahiye tha na ..

[@b3academybycaarundaga293]

@Shrutisomya-ch7oz we have debited current account that means humne partner se paisa lena hai. He became debtor for us thats why we have to show it on the asset side not liabilities

[@adityapurwar5835]

Sir forfeiture Pehle hue 5 c wale question me toh capital reserve toh increase ho gya nh so why we didn't use increased capital reserve

[@b3academybycaarundaga293]

Transfer entry is done at the end of the year that’s why didn’t used it

[@mral_aman6942]

Sir admission k ques me goodwill ka amount q ni show kiya aur sir profit every year increase ho rha to sir super profit method uuse hoga n?

[@b3academybycaarundaga293]

For self generated goodwill we pass adjustment entry we do not show it in the books only purchased goodwill is shown in the books and while calculating goodwill method is clearly mentioned in the q. To use was average profit method

[@AditiPrabhat-j9j]

sir in last question CRR is already given in the question why we created it again

[@b3academybycaarundaga293]

Because of redemption we made this year out of profits

[@priyanshujain1859]

Sir in question 5(c) General reserve to 120000 ka he hai aap ne answer me 200000 kese liya

[@b3academybycaarundaga293]

Its wrongly written instead it will be pl and in place of pl it will be general reserve

[@hussamsayed2820]

Sir admission k qt me cash and bank 30100 hai.. to apne balance sheet 172100 q likhe ho? Pls answer🙏🙏

[@b3academybycaarundaga293]

You have to consider new partners capital and his share of goodwill

[@Monika-ok1ji]

Sir 6th question ma notes to account ma preference share kyu nhi liye

[@bajrangchandra887]

preference shares ko redeem kardiye,notes mein dikane ki zarurat nhi hai

[@Monika-ok1ji]

@@bajrangchandra887 ok sir

[@Janani_S_A]

in question 5 c can we use capital reserve 80000 from forfeited shares for bonus issue??

[@b3academybycaarundaga293]

No

[@pranithpallipurath]

Sir I forgot to write”by" and "to" while posting to ledger in few question but I got the balance sheet tallied will they deduct the entire mark

[@b3academybycaarundaga293]

No not entire marks but you won’t be allotted full marks

[@pranithpallipurath]

@@b3academybycaarundaga293 Thank you so much sir

[@tanmaykapoorpura123]

Sir meri balance sheet match ho gyi thi or working note bhi bnaya tha pr thodi kata pitii ho gyi thi kiya mujhe full number mil jaege or depreciation mae grace marks milege

[@b3academybycaarundaga293]

Yes you will be alloted grace Marks

[@PushkarSharma-vz2pq]

incomplete records wale questions me debtors accounts 8614500 hoga or credit sale 8469100 ayegi

[@b3academybycaarundaga293]

Kindly cross cheque you making some mistake

[@childseducation1638]

Library book par interest kaise charge kar diye sir Is par to dep h hi nahi

[@b3academybycaarundaga293]

You have given opening balance purchase and closing balance If you calculate the difference it has to be treated as depreciation

[@childseducation1638]

​@@b3academybycaarundaga293 sorry sir dhyan nahi diya

[@atharvabarote699]

Manufacturing accounts me direct account likhe hai instead of separating direct and indirect expenses.. step marking milegi kya?

[@b3academybycaarundaga293]

Yes you will be alloted marks

[@INSANECRICKET]

BRS ka value 19820 hai

[@parassharma2191]

True

[@mahipalff3522]

@@parassharma2191 TRUE I ALSO GOT 19820 , SIR HAS DONE WRONG

[@b3academybycaarundaga293]

I have pinned a msg for wrong total in comment box

[@JosyabhatlaAnusha]

Sir I have a Query I had done Retirement instead of admission by mistake not gone question thoroughly so how much marks will icai will give step marking

[@INSANECRICKET]

3

[@b3academybycaarundaga293]

If you have done revaluation correct then for that you will be allotted marks

[@JosyabhatlaAnusha]

Ok sir

[@priyanshujain1859]

Or sir ye security premium 110000 kese aaya 5(c) me

[@b3academybycaarundaga293]

In question already 1 lakh was given and you have issue shares at premium waha se 10k aaya. In this way total came to 110000

[@priyatiwari7163]

Agar manufacturing account mei 2-3 entry nhi ki h toh kitne matks katenge

[@b3academybycaarundaga293]

I don’t think in that q. You will get any step marks

[@sahilbagadi3987]

Sir admission ka balance sheet total 981000 ke ass pass aayega na?

[@b3academybycaarundaga293]

Its 10,30,100

[@Prativa_Shital]

Sir true or false fifth number true hoga

[@b3academybycaarundaga293]

According to me it is false