SUGGESTED ANSWERS OF ACCOUNTING IPCC NOVEMBER 2011

ACCOUNTING
1
  a) effective capital 22800000
      remunaration - 1200000
  b) closing stock - 80000
  c) depreciaton - 56500
      loss on exchange - 17000
      book value - 511500
  d) new ratio: 5:3:2
      amount brought in by A 7500
      amount paid to B 7500
2.
   amount transfererd to capital reserve 298000
   total of balancesheet - 1126000
3.
   surplus - 43490
   profit on bar collection 6000
   capital fund at begning - 65310
   closing balancesheet total - 110910
4
  a) cash from operating activity - 190000
      investing activity - (65000)
      financing - 50000
  b) time ratio 4:5
     sale ratio 2:5
     N.P - 24650
     capital reserve - 7280
5.
  a) closing stock - 90900
      claim 46800
6. b) ADD august 3- 2010
       payment to be made on july 19 2010
7.
  a) value of machinery - 712500 (AS 10)
  b) AS 9
  d) AS 7
  e) AS 6






  NOTE : tough answers can be expected from institute



                                      PREPARED BY,
                                               SUDHEESH T S (IPCC STUDENT)
                                               MOB :9961524969