Few important tips & suggestions for Paper 1 - Accounts ( IPCC )

Few important tips & suggestions for Paper 1 - Accounts ( IPCC )

1. Start with AS, there will surely 10-15 marks paper out of it. First read it from your material or book whatever you had and in lastfor practice please do all question of Study Material & Practice Manual issues by ICAI.
 

2. Than do small Chapters & topics like Managerial Remuneration, Pre &Post Incorporation, Average Due Date & Account Current and Bonus Issue ( 8-12 Marks question will be surely out of it. ) Also read out and do question from Practice Manual.
 

3. Now you can do Chapter like Investment Accounts, Incomplete Records, Financial Statements of NPO, Self Balancing Ledgers, InsuranceClaims ( This topics are easiest as well scoring topicsand cover around 16-20 marks ) Again just go through the Practice Manual Questions.
 

4. Now do Internal Reconstruction, ­Amalgamation & Partnership receptively. ( Covers 30-40 Marks )
 

5. In last do Hire Purchase asit is lengthy topic and many students find difficult to do this chapter, so if you have time than do otherwise just read out the question from Practice Manual. You can leave this question in choice also.
 

6. Finally do theory from Practice Manual as theory questions will be repeated in all exams, so do all theory questions from PM. And start with " Computerized Environment "