ICAP Intro to accounting Past Papers with their solutionDownload ICAP CAF 1 IA / Intro to Accounting Past Papers Solution .pdf
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Deletei need Cost and Management accounting past papers with solution. if someone help. Thanks
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ReplyDeleteplease add 2020 papers and there solutions
ReplyDeleteExplain the term ‘Rent’ with relation to ‘Income from property’. (02)
ReplyDelete(b) During the tax year 20X9, Amjad carried out the following transactions in respect of
his properties:
(i) On 1 July 20X8, Amjad purchased a factory building in Sukkur along with the
installed machinery at the price of Rs. 9 million and Rs. 3 million respectively.
To manage the shortage of funds of Rs. 2,000,000, he borrowed the same on
1 July 20X8 from his friend Shamshad through a crossed cheque. The loan
carries interest at the rate of 18% per annum.
On 1 January 20X9, he let out this building along with the machinery to Basit
at a monthly rent of Rs. 500,000 payable in advance.
(ii) On 1 July 20X8, Amjad let out his residential property situated in DHA
Karachi to Mirza Limited at a monthly rent of Rs. 300,000. Rent for the
two years was received in advance on 1 August 20X8.
(iii) On 1 July 20X8, Amjad also entered into an agreement with Zeeshan for the
sale of his plot situated in Quetta for Rs. 50 million. The plot had been
purchased for Rs. 40 million in 20X4. Under the terms of sale agreement, he
received Rs. 5 million at the time of signing the agreement and the balance was
to be received on 30 September 20X8. However, due to financial difficulties,
Zeeshan failed to pay the balance amount on the due date and consequently,
Amjad forfeited the advance in accordance with the terms of the agreement.
On 10 April 20X9, he finally sold the plot to Jamshed for Rs. 65 million.
i need this question solution
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ReplyDeletehttps://www.youtube.com/watch?v=awqyE14Pax0
Please provide solution of (past paper)September 2019 ITA solution
ReplyDeletePlease provide "solution" of "past paper of ITA September 2019 attempt"
ReplyDeleteApni aaraa ka izhaar krain, Write comment.....