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

How to Prepare for CA Intermediate Advanced Accounting

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Question directory and available solutions

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

1. Surya Ltd. Has a two fixed asset, FA1 is being carried in the balance sheet for 600 lakhs and FA 2 is being carried at 300 lakhs As at 31st March…
2. The debit or credit balance of "Foreign Currency Monetary Item Translation Difference Account"
3. ABC Ltd. was making provision for non-moving inventories based on no issues for the last 12 months up to 31.3.2023. The company wants to provide…
4. Classify the following activities as (1) Operating Activities, (2) Investing Activities, (3) Financing Activities (4) Cash Equivalents. Proceeds…
5. During the course of the last three years, a company owning and operating Helicopters lost four Helicopters. The company's accountant felt that…
6. Rose Constructions undertake to construct a bridge for the Government of Uttar Pradesh. The construction commenced during the financial year ending…
7. Mithya Ltd. entered into agreement with Satya Ltd. for sale of goods costing 8 lakh at a profit of 20% on cost. The sale transaction took place on…
8. MS Ltd. has acquired a heavy machinery at a cost of 1,00,00,000 (with no breakdown of the component parts). The estimated useful life is 10 years.…
9. Bansal Company Ltd. imported raw material worth US Dollars 12,000 on 15th January, 2024 when the exchange rate was 68 per US Dollar. The payment for…
10. Astha Ltd. is absorbed by Nistha Ltd.; the consideration being the takeover of liabilities, the payment of cost of absorption not exceeding - 10,000…
11. How will interest be capitalized when qualifying assets are funded by borrowings in the nature of bonds that are issued at a discount? X Ltd. issued…
12. A Company has an inter-segment transfer pricing policy of charging at cost less 5%. The market prices are generally 20% above cost. You are required…
13. A Limited has a corporate communications department, which centralises the public relations function for the whole group of A Limited and its…
14. Money Limited leased a machine to Hello Limited on the following terms: (i) Fair value of the machine 24.00 (ii) Lease term 5 years (iii) Lease…
15. XYZ Limited has a wholly owned subsidiary BC Limited. The Group prepares consolidated Financial Statements for the year ended 31st March, 2024. XYZ…
16. ABC Ltd. prepares its accounts annually on 31st March. On 1st April, 2022, it purchases a machine at a cost of 1,50,000. The machine has a useful…
17. A Ltd. invested - 1,00,000 to acquire 10% stake (Investment I) in B Ltd. and later invested - 3,00,000 to acquire additional 20% (Investment II).…
18. What are the disclosure and presentation requirements of AS 24 for discontinuing operations? Give four examples of activities that do not…
19. During 2023-2024, an enterprise incurred costs to develop and produce a routine, low risk computer software product, as follows: Amount (₹)…
20. During the year, QA Ltd. delivered manufactured products to customer K. The products were faulty and on 1st October, 2023 customer K commenced legal…