
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

CA IPCC : Revision Test Paper (with Answers) - ACCOUNTING Nov 2011

36 pages, 33 questions, 0 questions with responses, 0 total responses,

CA IPCC
Tilak Vidyalaya Higher Secondary School (TVHSS), Kallidaikurichi

+Fave Message

Profile Timeline Uploads Q & A

Home > ca_ipcc >

Formatting page ...

PAPER 1 : ACCOUNTING QUESTIONS Preparation of Financial Statements of Companies 1. (a) A company can declare and pay dividend out of profit available for distribution. Interpret the distributable profit. A company has earned profit before depreciation ` 80 lakhs, depreciation as per books is ` 26 lakhs and depreciation as per section 205 of the Companies Act works out to ` 62 lakhs. Compute the maximum amount that can be paid as dividend for the relevant accounting year. (b) A joint stock company, earning adequate profits, has four part-time directors and a whole time director. What is the maximum managerial remuneration it can pay to its (i) Part-time directors taken together and (ii) to wholetime director? What will be your answer if the company had only part-time directors and no whole-time director? Cash flow Statement 2. From the following summarized cash book of Z Ltd., prepare Cash Flow Statement for the year ended 31st March, 2011 in accordance with AS 3 (Revised), using the direct method: ` in lakhs Cash and bank balances on 1st April, 2010 Receipts from customers 10 560 Issue of equity shares Sale of land and building 60 20 650 Payments to suppliers 400 Purchase of machinery Wages and salaries paid 55 20 Payments for overhead expenses Taxation 40 35 Dividend Repayment of Bank Loan 10 60 31st Cash and bank balances on March, 2011 The company does not have any cash equivalents. The Institute of Chartered Accountants of India (620) 30

Formatting page ...

Tags : CA IPCC, sample / model / mock / past / previous / old / online test papers, Group I, Group II, accounting technician course, atc, accounts, accounting, business laws, ethics, communiation, cost accounts, cost accounting, financial management, fm, tax, taxation, advanced accounting, audit, auditing, assurance, itsm, it & sm, information technology, strategic management, Integrated Professional Competence Course, may, november, 2015, 2014, 2013, 2012, 2011, 2010, 2009.

ca_ipcc chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: