15 July 2013
i am ipcc student and have given ipcc group 1 in may 2013.i have a doubt in accounts paper,my paper went well but in internal reconstruction question which came for 16 marks except for 2 entries all my entries are correct, i have put the narrations for every entry and solved the question in a very neat way but as in question the figures/amount for every transaction and for balance sheet was given in hundred and lakhs was written in bracket or written seperately for example 200 lakhs so i solved the question taking it 200 or i took figures in hundreds and thousands and forgot to multiply with lakhs or forgot to mention that the figures are in lakhs, i thought if i would have multiplied it with lakhs then it would have been a great confusion for me and a lot of time would also be wasted in puttting zeros but i have taken all amounts correctly.pls answer my query as soon as possible really tensed.
CAclubindia
