Review Of accountancy group:1

*Covered Topics
As per highest marks covered
1.Partnership Accounts                                               -21(5+16)
2.Amalgamation                                                          -16
3.Incomplete records or single entry                            -16
4.Hire Purchase                                                          -13(5+8)
5.Accounting for bonus issue of shares                         -8
6.Investment accounts                                                 -8
7.Accounting Standards                                              -8
8.NPO                                                                       -5
9.Self balancing ledgers                                              -5
10.Average Due Date                                                -4
11.Accounting in computerized environment               -4

*Uncovered topics
Profit and loss pre/prior
Company accuonts
Internal reconstruction
Account Current
Cash flow

*Paper analysis:
Partnership accounts with basic concepts and revaluation concept.
Amalgamation in nature of merger
Hire purchase under reverse calculation method and hp Adjustment account.
Single entry with ratio and analysis combined.
NPO with basic concept.
Accounting for bonus issue with lots of basics from cpt .
Self balancing with basic concept.

*View:
ICAI by this paper has once again proved that a student has to be through all the topics.
With lot of basic concept asked and no critical things but the paper was made lengthy to
maintain its standards.
Overall average can be ranked but those who have started the paper with 16 marks may have
felt some tension in completing the paper.
Majorly importance was given to journal entries, which are usually not notified by students
to that extent.

*Shock:
Unable to find internal reconstruction, cash flows may have bothered to some reason.
NPO asked for 5 marks is matter to worry along with AS.
both 16 marks are not easy to answers completely .
covering all the remaining questions with some good presentation in long questions
can surely lead you to exemption.
lost marks can be covered in remaining exams


Wishing you All THE BEST

HOPE THIS EXAM ALSO GOES WELL :)