November 2018 - Corporate and Allied Law Amendments including IBC 2016

Following are amendments for corporate and allied laws including IBC 2016 for both old and new course for November 2018.

IBC 2016 - https://drive.google.com/open?id=1k-J9HvugB2C-08TXVUudM9TSk16pNvxu
Corporate Laws - Under Progress
Allied Laws - Under Progress

More updates if any will be shared separately.

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Ajmer Din

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Suggested answers November 2018 - Advance accounting Old Course IPCC

November 2018 Following are answers, a care is taken to answer them correctly, however, if any mistakes are identified by you, kindly share with me, I would love to hear them and will incorporate changes accordingly. Question Covered in post 1(a), 1(b), 1(c), 1(d), 2, 3(a), 3(b), 4, 5(a), 5(b), 6(b), 7(a), 7(b), 7(c), 7(d), 7(e) Question Pending 6(a) 1(a) (i) Annual lease rent = Rs. 32,500 (ii) Income = 26,000, 32,500, 39,000 (iii) Depreciation = Rs. 20,000, Rs. 25,000, Rs. 30,000 1(b) (i) Prior period Item adjustment Prior Period A/c Dr. To Salary Payable Salary payable A/c Dr To Cash Prior period item shall be disclosed separately (ii) Wages with retrospective effect It is not taken as error or omission in the preparation of Financial statements and hence this is not a prior period item, additional liability of Rs. 75,000 shall be included in current year Salary 1(c) (i) Present obligation as a r...

Suggested answers – CA Inter EISSM November 2020

1(a) Data analytics initiatives support a wide variety of business use, - Banking and credit card companies analyse withdrawal and spending patterns to prevent fraud and identity theft. - E commerce companies and marketing services providers do click stream analysis to identify website visitors who are more likely to buy a product. Mobile network operators examine customer data to forecast so they can take steps to prevent defections to business rivals - Healthcare organizations mine patient data to evaluate the effectiveness of treatments for cancer and other diseases. 1(b) Types of Mortgage Loan • Home Loan: This is a traditional mortgage where customer has an option of selecting fixed or variable rate of interest and is provided for the purchase of property. Top Up Loan: Here the customer already has an existing loan and is applying for additional amount either for refurbishment or renovation of the house. • Loans for Under Construction Property: In case of under construction p...

Suggested answers May 2018 - Advance accounting Old Course IPCC

Finally, prepared a suggested answers for all the questions except Q2 and Q4, just go through it and let me know if you have different opinion or point to solve it. 1(a) Provision to be made for warranty under AS29 Amount At 31st March 2017 = 80,000 X 2% + 50,000 X 3% 3,100 At 31st March 2018 = 50,000 X 2% + 180000 X 3% 6,400 Amount to be debited to SPL for 31st March 2018 Balance of provision required as on 31st March 2018 6,400 Less opening balance (3,100) Amount debited to SPL 3,300 No provision for 80,000 for 31St March 2018 because warranty has lapsed 1(b) ...

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