CA Final Financial Reporting PYQ November 2024: Question Paper and Solutions

CA Final Financial Reporting PYQS Series November 2024 19 Questions Indexed

ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Final Financial Reporting PYQS (November 2024). Open individual questions for available answers and working notes, then use the subject analysis to review historical marks.

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Question directory and available solutions

19 indexed questions. Open a question to read its full statement and available answer.

  1. Tara Ltd. is engaged in mining and many other industries and prepares its financial statements following Indian Accounting Standards and follows…
  2. When should the government grant be recognized by an entity according to Ind AS 20?
  3. What is the stance of a Chartered Accountant regarding conflicts of interest?
  4. Following statements are given to you in context of Ind AS 101 'First Time Adoption of Ind AS': (i) An entity shall not make estimates in accordance…
  5. Planet Ltd. is a multinational company engaged into the business of manufacturing of various products of different segments. One of the segments is…
  6. Nikhil Pvt. Ltd. acquired 100% of Pranav Pvt. Ltd. on 1st January, 2023. The fair value of the purchase consideration was 20 crores consisting of…
  7. The balance sheets of H Ltd. and S Ltd. as on 31st March, 2024 were as follows: Particulars H Ltd. S Ltd. ₹ in Lakhs Assets: Non-Current Assets…
  8. On 1st January, 2023, Joe & Co Ltd., an Indian company which prepares its financial statements on a quarterly basis has entered into a written put…
  9. Spicer Ltd., a listed company, prepares interim financial reports at the end of each quarter. The following information is provided: (i) On 1st…
  10. Anand Ltd. owns a Building X which is specifically used for the purpose of earning rentals. The Company has not been using the Building X or any of…
  11. Mahadev Ltd. has a block of assets with a written down value of 5,00,000 on 1st April, 2022 for tax purposes. The book value of the assets for…
  12. On 1st April, 2020, Peacock Ltd. started its manufacturing operations by installing a machine in the rented premises. The estimated life of the…
  13. Greater Ltd., in order to reward its employees launched a scheme effective from 1st April, 2021, in which employees will be granted equity shares of…
  14. Big Deal Ltd. is a marketing company having its departmental stores in 'A' class city of India. The company sells diversified products. For the…
  15. Z Ltd. having net worth of 25 crores has opted voluntarily to adopt Ind AS from 1st April, 2022 in accordance with the Companies (Indian Accounting…
  16. Define the concept of 'Offsetting'. In offsetting permitted under the following circumstances: (a) Whether profit on sale of an asset against loss…
  17. An entity provides broadband services to its customers along with voice call service. Customer buys modem from the entity. However, customer can…
  18. Creative Ltd. performed a revaluation of all of its plant and machinery at the beginning of 1st April, 2024. The following information relates to…
  19. You are required to analyse the following cases and advise whether they are related with prior period errors or change in accounting estimate (a) As…