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Ca accounting question nov 2019

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PAPER – 1 : ACCOUNTING Question No. 1 is compulsory. Answer any four questions from the remaining five questions. Wherever necessary, suitable assumptions may be made and indicated in answer by the candidates. Working Notes should form part of the answer. Question 1 Answer the following questions: (a) Prepare cash flow from investing activities as per AS 3 of M/s Subham Creative Limited for year ended 31.3.2019. Particulars Amount (`) Machinery acquired by issue of shares at face value 2,00,000 Claim received for loss of machinery in earthquake 55,000 Unsecured loans given to associates 5,00,000 Interest on loan received from associate company Pre-acquisition dividend received on investment made 70,000 52,600 Debenture interest paid 1,45,200 Term loan repaid 4,50,000 Interest received on investment (TDS of ` 8,200 was deducted on the above interest) Purchased debentures of X Ltd., on. 1 st December, 2018 which are redeemable within 3 months 73,800 3,00,000 90,000 Book value of plant & machinery sold (loss incurred ` 9,600) (b) Karan Enterprises having its Head Office in Mangalore, Karnataka has a branch in Greenville, USA. Following is the trial balance of Branch as at 31-3-2019: Particulars Fixed assets Amount ($) Dr. 8,000 Opening inventory 800 Cash 700 Goods received from Head Office 2,800 Sales Purchases © The Institute of Chartered Accountants of India Amount ($) Cr. 24,050 11,800 2 INTERMEDIATE (NEW) EXAMINATION: NOVEMBER, 2019 Expenses ...
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