Balance Sheet and Profit
Solved Ans. Accounts CA IPCC Nov. 2010
1
Attention C.A. Pcc & Ipcc Students
Ipcc_Nov.10 Solved Ans. Acc. Ipcc_Nov.10
Keep Watching our website* for further solution.
*www.jainclassesonline.com
(No.1 Institute of Jharkhand)
C.A. CPT, PCC, IPCC & FINAL
Solved Ans Prepared by : C.A Arvind Kumar Jain and Team Members
(Disclaimer : Questions asked in the exam may have wrong/inadequate information and/or ambiguous language. In that case the answers provided by institute may differ from this Ideal Answers. If you find any errors, please email the same.)
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Head Office: - 2nd Floor, Dey Complex, Outer Circle Road, Near – IIFT, Bistupur, Jamshedpur – 831001. ℡: 0657-2317323, : 09431187218 Branch Office : 1st Floor, Jaiswal Complex, Near - Mansorowar Hotel, Sakchi- 831001 ℡ : 0657- 2940016 : 09031765469
Solved Ans. Accounts CA IPCC Nov. 2010
Roll No. ............................ Total No. of Questions - 7 Time Allowed : 3 Hours Accounts_1 Ipcc
2
Total No. of Printed Pages - 16 Maximum Marks : 100
Answers to questions are to be given only in English except in the case of candidates who have opted for Hindi Medium. If a candidate has not opted for Hindi medium, his answers in Hindi will not be valued. Q. No. 1 is compulsory. Attempt any five questions from the remaining six questions. Wherever necessary suitable assumption may be made by the candidates. Working notes should form part of the answer. 1 (a) Following two problems are regarding issues in Partnership Accounts, kindly solve both : [ 4 x 5 = 20 marks ] (ii) Anil and Mukesh are partners sharing profit and losses in the ratio of 3 : 2. Govind is admitted for ¼th share of firm. Thereafter Madan enters for 20 paisa in a rupee. Compute new profit sharing ratios under both the admission of partners. (iii) The following Goodwill Account was opened by the partners of R and S, on the admission of H as a new partner into firm Om and Sons. Calculate the share of profit agreed to be
1
Attention C.A. Pcc & Ipcc Students
Ipcc_Nov.10 Solved Ans. Acc. Ipcc_Nov.10
Keep Watching our website* for further solution.
*www.jainclassesonline.com
(No.1 Institute of Jharkhand)
C.A. CPT, PCC, IPCC & FINAL
Solved Ans Prepared by : C.A Arvind Kumar Jain and Team Members
(Disclaimer : Questions asked in the exam may have wrong/inadequate information and/or ambiguous language. In that case the answers provided by institute may differ from this Ideal Answers. If you find any errors, please email the same.)
Contact us
Head Office: - 2nd Floor, Dey Complex, Outer Circle Road, Near – IIFT, Bistupur, Jamshedpur – 831001. ℡: 0657-2317323, : 09431187218 Branch Office : 1st Floor, Jaiswal Complex, Near - Mansorowar Hotel, Sakchi- 831001 ℡ : 0657- 2940016 : 09031765469
Solved Ans. Accounts CA IPCC Nov. 2010
Roll No. ............................ Total No. of Questions - 7 Time Allowed : 3 Hours Accounts_1 Ipcc
2
Total No. of Printed Pages - 16 Maximum Marks : 100
Answers to questions are to be given only in English except in the case of candidates who have opted for Hindi Medium. If a candidate has not opted for Hindi medium, his answers in Hindi will not be valued. Q. No. 1 is compulsory. Attempt any five questions from the remaining six questions. Wherever necessary suitable assumption may be made by the candidates. Working notes should form part of the answer. 1 (a) Following two problems are regarding issues in Partnership Accounts, kindly solve both : [ 4 x 5 = 20 marks ] (ii) Anil and Mukesh are partners sharing profit and losses in the ratio of 3 : 2. Govind is admitted for ¼th share of firm. Thereafter Madan enters for 20 paisa in a rupee. Compute new profit sharing ratios under both the admission of partners. (iii) The following Goodwill Account was opened by the partners of R and S, on the admission of H as a new partner into firm Om and Sons. Calculate the share of profit agreed to be