Friends , if question says : we have to settle payment of 10000 USD $
"Pay in 3 months @ rate of interest 10%" (per annum is not mentioned)
can we assume it as 10% for 3 months?
9 Replies
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 09 November 2014
i wil say it wil b wrong assumption .. better to assume 10 % per annum
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 09 November 2014
why to talk compounded quarterly and make it hectic.. if nothing is given its advisable to assume its yearly and compunded also annually
Ashish
(student)
(366 Points)
Replied 09 November 2014
but taking compounded anually will make sum hectic since by now u need play with square roots and all. by the assumption of taking compounded quaterly u just need to divide 10 by 4 and so on
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 09 November 2014
boss... We cant go with the easy things and on our choices... i had suggested only the thing which is quite possible and commonly given in questions and assumed by students.. Rest on you..
All the best
deepansh chawla
(CA FINALIST)
(180 Points)
Replied 09 November 2014
will the examiner cancel the whole question if 10% is assumed for 3 months?
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 09 November 2014
if you had wrote below the solution in assumption that u had assumed this and this...
too i think u can get marks dear..!!!
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 09 November 2014
your welcome dear.!!! All the best
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
