CA Inter Advanced Accounting MTP January 2025: Question Paper and Solutions

How to Prepare for CA Intermediate Advanced Accounting

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Question directory and available solutions

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

1. Fly Ltd. made a sale of INR 7,00,000 to Wings International in May 2023 and recognised Trade Receivables which was initially recorded at the…
2. X Ltd. purchased 3,000 shares of Amazing Ltd. in December 2023 @100 each and paid brokerage @ 1%. In May 2024, Amazing Ltd. issued bonus shares at…
3. Sun Limited has acquired 40% share in Moon Ltd. for 500,000 on 01.07.2023. Moon Ltd. is holding 40% stake in Star Limited. Now, sun limited can…
4. Cost of current investment acquired was 1000but the fair value was - 800. The Investment was recorded at 800. Now the fair value of Investment is…
5. As per AS 20 an enterprise should present/disclose the following: (a) the amounts used as the numerators in calculating basic and diluted earnings…
6. Accounting Standard 10, Property, Plant and Equipment is applicable to:
7. A Ltd. provides after sales warranty for two years to its customers. Based on past experience, the company has the following policy for making…
8. As per provisions of AS-26, how would you deal to the following situations: (1) ₹ 23,00,000 paid by a manufacturing company to the legal advisor for…
9. Indicate in each case whether revenue can be recognized and when it will be recognized as per AS-9. (1) Trade discount and volume rebate received.…
10. The following is the Trial Balance of MN Limited as on 31.3.2024: (Figures in ‘000) Debit Credit Land at cost 220 Equity Capital (Shares of 10 each)…
11. Following information is supplied by K Ltd.: Number of shares outstanding prior to right issue - 2,50,000 shares. Right issue - two new share for…
12. Following is the summarized Balance Sheet of Fortunate Ltd. as on 31st March, 2024. Particulars Amount (₹) Liabilities Authorized and Issued Share…
13. The financial details of X Ltd. and Y Ltd. as on 31st March, 2024 was as under: X Ltd. (₹) Y Ltd. (₹) Equity Shares of 10 each 30,00,000 9,00,000 9%…
14. Consider the following summarized Balance Sheets of subsidiary MNT Ltd. Liabilities 2022-23 2023-24 Amount in ₹ Amount in ₹ Share Capital Issued and…
15. Briefly explain the elements of financial statements. Or In the financial statements of the financial year 2023-2024, Alpha Ltd. has mentioned in…
16. A Ltd. sold JCB having WDV of 20 lakhs to B Ltd. for 24 lakhs and the same JCB was leased back by B Ltd. to A Ltd. The lease is operating lease. In…
17. Give Journal Entries in the books of Branch A to rectify or adjust the following: (i) Head Office expenses - 3,500 allocated to the Branch, but not…
18. Excellence Ltd. is a Real Estate Company which constructs residential and commercial projects for selling. The Company has commenced a new project…
19. Supercool Itd. is a manufacturing company, engaged in manufacturing eco-friendly equipment. On April 1, 2023, the Company received a grant of 20…
20. Super Ltd., a manufacturing company, has the following summarized Balance Sheet as of March 31, 2024: Equity Shares of 10 each fully paid…
21. Accounting Standard 19, Lease is applicable on following Leases:
22. How should the dividend paid by the Company should be disclosed in the Cash Flows Statement:
23. On 31st March 2024, Sri Radhey shyam Enterprise finds that the cost of a partly finished unit on that date is 530. The unit can be finished in…
24. State with reasons, how the following events would be dealt with in the financial statements of Hari Ltd. for the year ended 31st March, 2024…
25. Honey Ltd. is in the process of developing a new production method. During the financial year ended 31st March, 2023, total expenditure incurred on…
26. Exe Ltd. acquires 70% of equity shares of Zed Ltd. as on 31st March, 2024 at a cost of 70 lakhs. The following information is available from the…
27. From the following data, determine Minority Interest on the date of acquisition and on the date of consolidation in each case: Case Subsidiary…
28. Given the following information of Rainbow Ltd. On 15th November, goods worth - 5,00,000 were sold on approval basis. The period of approval was 4…
29. The following information of Rocky Ltd. as at March 31, 2024: ₹ in lacs Fully paid equity shares of 10 each 500 Capital Reserve 6 12% Debentures 400…
30. From the following particulars furnished by Hello Ltd., prepare the Balance Sheet as on 31st March 2024 as required by Part I, Schedule III of the…
31. A Limited and B Limited are carrying on business of same nature. On 31st March, 2024 the information given by both these companies is as follows:…
32. "One of the characteristics of financial statements is neutrality”– Do you agree with this statement? Or What do you mean by Carve outs/ins in Ind…
33. "The company has not made provision for warrantee in respect of certain goods considering that the company can claim the warranty cost from the…
34. Why goods are marked on invoice price by the head office while sending goods to the branch?