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MCQ Solution | CA Inter | Advanced Accounting - Sep 24

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MCQ Solution | CA Inter | Advanced Accounting - Sep 24

For the first time ICAI has officially released MCQ paper. A detailed discussion on MCQ solution is available at the following link.

Click here to access Discussion and Video Solution 

The order of questions is different for different students. 

Question Option Answer
Kay Ltd    
1 C Create a provision for Rs. 45,000 and Disclosure of contingent liability Rs. 5,00,000
2 A Adjusting event - full adjustment of Rs. 75,000
3 A Revenue - 23,50,000
22,00,000 + 75% of 2,00,000
4 B 60,000
5 B 1,65,500
1,50,000 x 12/12 + 50,000 x 5/12 - 32,000 x 2/12
6 C Q Ltd & R Ltd
Jay Ltd    
7 D Cash flow from investing - 22,000
8  A Cash & Cash equivalent - 192,500 
9 C Equity Share CApital after reconstruction 5,50,000
10 B Cash flow from Operating - 5,000
11 B FA Held for sale Current Asset
Mr. Vikram    
12 C 3,05,000
13 A 12,500 to be capitalised and 27,500 to be expensed
14 D Carrying amount of investment is Rs. 82,000
15 B RM - Rs. 50,000 and FG Rs. 3,00,000

 

Author CA Suraj Lakhotia
CA Suraj Lakhotia
13-Sep-2024
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