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21st August 2014, 11:03 AM
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| Re: IPCC Exam Last Year Solved Question Papers
Here is the last year solved question paper of CA – IPCC – Accounts Exam On 1st April, 2008, Chhotu started business with an initial Capital of Rs. 70,000. On 1st October, 2008, he introduced additional capital of Rs. 40,000. On 7th of every month, he withdraw Rs. 5,000 for household expenses. On 31st March, 2009 his Assets and Liabilities were Rs. 2, 00,000 and Rs. 70,000 respectively. Ascertain the Profit earned by Chhotu during the year ended 31st March, 2009. [ 10 x 2 = 20 Marks ] Omshanti Club has 500 members with annual fee of Rs. 1,000 per member. At the end of the accounting year, accountant noticed that 40 members have not paid annual fee and 70 members had paid fee in advance. Help the accountant to compute Cash receipts of annual fee for the year. The Companies Act. 1956 limits the payment of managerial remuneration. What is the maximum managerial remuneration, which can be paid in case of a company consistently earning profits and has more than one managerial persons.     Rest of the Questions are attached in below file with solution |