Full Solution | Advanced Accounting | Jan 25 CA Inter Exams | CA Suraj Lakhotia (AIR 1,4,2)

[@k.sujatha4024]

Sir cash flow statement is in indirect or direct i did in indirect method is it correct

[@RajuSingh-qv6mg]

Sir mene consolidation wala sum pri man ker ker diya jisse goodwill ki jagah mera reserve create ho gaya tha magar baki sara sum including minority int is all correct but goodwill ki jagah reserve create huya tha and reserve and surplus wrong hae so sir please aap bata sakte hae kya ki kitne marks mil sakte hae

[@yashv8621]

Sir in amalgamation i distributed the cash received from sale of other assets to equity shareholders how many marks will be deducted?

[@1fin]

@@yashv8621 1

[@yashv8621]

But sir becoz of that my goodwill also comes to .75 will there be any further deduction of marks?

[@abilashc1696]

@@yashv8621 even same for me….

[@yugtehalani5995]

Net off done of 5000 in cash flow for interest

[@1fin]

@@yugtehalani5995 incorrect

[@KarishmaAggarwal-oy2sl]

Sir agar net off kar diya toh kitne ma te ka deduct honge

[@1fin]

@ 2

[@KarishmaAggarwal-oy2sl]

@@yugtehalani5995 sir please tell me amalgamation main agar sale of other assets main agar mistake ho toh kitne marks deduct honge please sir bta do

[@axuedits]

Q. 3 (a) invoice dated 27th january, 2022 ₹47000 Warranty since expired on 27th january 2024 than why we need provision for such invoice and also provision is made at 31st march, 2024 (after expiry of warrnty )

[@1fin]

Thanks for highlighting. It is an unintentional error. will rectify

[@sakshamsingh7602]

Sir meine consolidated financial statements mein goods costing 300000 ko ko selling price le liya aur baki sab sahi kiya hai kitne marks katenge

[@1fin]

@@sakshamsingh7602 2

[@priyankukumaricutesy]

Can we assume pre acquisition profit in consolidation. We will get full marks.

[@1fin]

We cant assume. Since invetment is made on incorporation

[@user-nn9xf8vl3b]

(a) In the Solution given to alternative Q. No. 6(a) on drawing up P&L Account on 'Not a Going Cocern Basis', would it be correct as per applicable Accounting Standards if the Depreciation on Machinery were recorded at Rs. 15,000/- (Rs. 1,80,000 - Rs. 1,65,000) and to further debit P&L with Rs. 5,000/- as expense toward realisation value of Machine on sale, resulting in an overall Net Profit of Rs. 73,900/- (considering other adjustments as given in the question) for the FY 23-24? (b) Further, please clarify, if Balance Sheet as at March 31, 2024 were to be drawn up, the Balance sheet would tally after taking into account realisable value of Machinery @ Rs. 1,60,000 (net of expense of Rs. 5,000) and considering Cash / Bank balance as Rs. 1,45,000 as the balancing figure on the Assets side? Would appreciate if the above two points are clarified, as no one (except youself) has attempted to solve this question so far. Thank you.

[@1fin]

a) Yes. b) Bank Balance = Bank Balance Bank Overdraft -20000 Add: 820000 Purchases -650000 Other expenses -25000 Penalty -2500 Cls balance 122500 Balance Sheet (Assuming no amount received from TR or paid to TP) during the year. Capital 1,60,000 Machinery 160000 P&L 1,66,900 Stock 78,000 8% Loan 41600 TR 70000 TP 62000 Bank 122500 4,30,500 4,30,500

[@user-nn9xf8vl3b]

@@1fin Thank you for your prompt response, much appreciated

[@anandjha.18]

Sir invoice agar balance warranty period ke base pe banana h to march 2023 me July 2021 ka 2.5 percent Banega na kyuki balance warranty 1 year se kam h

[@1fin]

@@anandjha.18 question based on invoice

[@ryuk7985]

Dhanyawad sir ji

[@1fin]

welcome

[@CAINTER-ry5dm]

Sir, Mene exam me Advance account Me consolidated balance sheet ke question tha usme Pre profit: general reserve Post profit: p&l ac Tu mere pura answer wrong hoga please reply me tension me hu bhutt Kyuki mene padha tha if additional entry me agar p&l and general reserve ka Opening Balance nhi diya hota tu hoto General always pre hota hai p&l always post

[@1fin]

@@CAINTER-ry5dm 6-7 marks milenge. Aur ye kaha padha ki general reserve pre hota hain?

[@CAINTER-ry5dm]

@@1fin ke agar Opening balance nhi diya hai question me general reserve ka aur balance me ne p&l and general reserve closing side hi hota hai tu we assume ke general reserve me koi change nhi aya hai vu pre profit ka part haii aur p&l me me changes hui hunge tu use post me dal denga

[@yashv8621]

Sir in internal reconstruction some of my entries are wrong will i get step marking?

[@KarishmaAggarwal-oy2sl]

Please sir reply I some entries wrong how much step marking there

[@1fin]

@@KarishmaAggarwal-oy2sl for journal entries, each entry will normally have 1 mark.

[@bhoomiraheja]

internal reco exam mein manageable lga tha, abhi kyu hard lag rha hai

[@1fin]

@@bhoomiraheja sirf debenture adjustment was confusing.

[@ayushagarwal0429]

Sir , i think that your question 3 a solution is wrong. Please chech it

[@jkokaur25]

Yes I also think it is wrong Would you pls tell your answers Mine was dr 905

[@ayushagarwal0429]

@@jkokaur25 bro my answer was 6750 , 7655 and 905

[@jkokaur25]

@@ayushagarwal0429 Thanks 😊

[@ayushagarwal0429]

@@jkokaur25 no problem

[@anandjha.18]

​@@jkokaur253 (a) me match 2023 pe July 2021 ke invoice ka 2.5 percent provision banega na kyuki balance warranty period 1 year se kam h