Hi ,,, paper was easy bt it was too lenghty and was required proper concept knowledge....
PRABHJOT KAUR
(Chartered Accountant)
(56 Points)
Replied 10 May 2010
Hi ,,, paper was easy bt it was too lenghty and was required proper concept knowledge....
Prachi Jindal
(CA-Article-Final-Student)
(129 Points)
Replied 10 May 2010
i can only pray to get passing marks this time....such a bad paper for me...left for 30 marks....not sure abt attempted one...!
manoj shah
(CA>IPCC CS>PROFESSIONAL)
(97 Points)
Replied 10 May 2010
Mohit K
(Student of CA Final)
(89 Points)
Replied 10 May 2010
!!!!! damn LENGHTY PAPER !!!!!
Very poor time management from my side !!
Gaurav
(CA FINALIST)
(66 Points)
Replied 10 May 2010
Prachi just leave it & concentrate on d
NEXT PAPER
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 10 May 2010
answer to working capital question
question says :- provision for contigencies @ 10% of net working capital including such provision
let, prov for contigencies = x
3750000+x=net working capital including such provision
x = 10% (375000+x)
x = 37500+0.1x
0.9x=37500
x = 41667
therefore working capital reqd = 375000+41667 = 416667..
hope this solves your query.
CA Karan Joshi
(ACA)
(149 Points)
Replied 10 May 2010
hey...
please check the answer of the contract sum escalation point....
I m uploading the excel file..!!
comment if right or wrong..!!!
reply sooonnnn...!!!
i want to knw how come some answers on d thread r different...plz give the calculations...
Anubhav Jain
(busy)
(734 Points)
Replied 10 May 2010
friends pls concentrate on the next papers and fulfill ur deficiency of this paper if any in the next by securing more marks in tax & it sm
sarvesh
(Owner)
(23 Points)
Replied 11 May 2010
Sales: 3000000
GP: 3000000*25%=750000
COGS: 3000000-750000=2250000
Cogs/stock=6
Stock=375000
Cogs/FA=1.5
FA: 1500000
FA/NW=1.5
NW: 1250000
ESC: 781250
Reserves: 468750
Fixed charge bearing capital/Net worth=0.5
Fixed Charge Bearing Capital (Debt or PSC): 625000
Assuming no bank overdraft: (CA-Stock)/CL=1
(CA/CL)-(375000/CL)=1
1.5-(375000/CL)=1
0.5=375000/CL
CL=750000
CA=1125000
Other CA= 1125000-500000-375000=250000
Balancesheet
Eq. Sh. Capital 781250 Fixed Assets 1500000
Reservers 468750 Stock 375000
Debt/PSC 625000 Debtors 500000
CL 750000 other CA 250000
Sachin
(student)
(214 Points)
Replied 11 May 2010
MY BALANCE SHEET TALLIED BUT I HAVE NOT SHOWN CA SEPRATELY... I HVE SHOWN CURRENT ASSET 1125000..
HOW MUCH MARKS WILL BE DUDUCTED???
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
