CA Inter Advanced Accounting RTP May 2024: Question Paper and Solutions

CA Intermediate Advanced Accounting RTP Series May 2024 20 Questions Indexed

ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Intermediate Advanced Accounting RTP (May 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

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

  1. RTS Ltd, ("RTS" or the "Company"), is engaged in the business of manufacturing of equipment/components. The Company has a contract with the Indian…
  2. Gyan Ltd. borrowed 10 crore for construction of a plant at the rate of 10% per annum (interest paid annually 1 crore). The construction was being…
  3. What do you mean by Carve outs/ins in Ind AS? Explain
  4. Shiva started a business on 1 st April 2022 with - 15,00,000 represented by 80,000 units of 25 each. During the financial year ending on 31 st…
  5. Based upon criteria for rating of non-corporate entity, categorize the following as Level I, Level II and Level III Level IV entities for the…
  6. From the following particulars calculate cash flows from Operating activities: Particulars ₹ Retained earning 17,000 Depreciation 4,000 Loss on Sale…
  7. You are required to suggest how the above transactions will be treated as at the closing date i.e. on 31 st March, 2023 for the purposes of AS 18…
  8. Arzoo Ltd. is in the business of manufacture of passenger cars and commercial vehicles. The company is working on a strategic plan to shift from the…
  9. ABC Ltd. holds 2,000, 15% Debentures of 100 each in XYZ Ltd. as on April 1, 2022 at a cost of 2,50,000. Interest is payable on June, 30 and…
  10. H Ltd. began the construction of a new building on 1 st April 2022. It obtained a special loan of 6,00,000 on 1 st April 2022 at an interest of 12%…
  11. Sooraj Limited wishes to obtain a machine costing 30 lakhs by way of lease. The effective life of the machine is 14 years, but the company requires…
  12. Naresh Ltd. had the following transactions during the financial year 2022-2023: Naresh Ltd. acquired the running business of Sunil Ltd. for…
  13. Hello Limited belongs to the manufacturing industry. The company received an actuarial valuation for the first time for its pension scheme which…
  14. Surya Limited follows the financial year from April to March. It has provided the following information. A suit against the Company's Advertisement…
  15. The following data is provided for M/s. Raj Construction Co. Contract Price -85 lakhsMaterials issued -21 Lakhs out of which Materials costing 4…
  16. Following information of BS Products Ltd. is given: Goods of 2,00,000 sold to Den Ltd. on 20-03-2023 but at the request of the buyer these were…
  17. Zoom Ltd. acquired 70% shares of Star Ltd. @30 per share. Following is the extract of Balance Sheet of Star Ltd.: Particulars ₹ 15,00,000 Equity…
  18. Aqua Ltd. has authorized capital of 50 lakhs divided into 5,00,000 equity shares of 10 each. Their books show the following ledger balances as on 31…
  19. Mukti Ltd. (a non-listed company) provide the following information as on 31.3.2023: (₹) Land and Building 21,50,000 Plant & Machinery 15,00,000…
  20. As a part of the reconstruction scheme of Getting better Ltd, the following terms were agreed upon- The shareholders to receive in lieu of their…