Solution to ipcc fm november 2014 paper
Page no : 2
sneha
(student)
(209 Points)
Replied 17 November 2014
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 17 November 2014
@ Aksh*t bajaj, u can see it is a typing mistake. the answer is taken considering 10 days and 20 days only. Secondly, I have already mentioned that in the absence of information, i have assumped opportunity cost @ 10%. If u dont assume it, there is no question of opportunity cost. Not even on sales.
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 17 November 2014
@ Raman Bhatia.. Even though long term debts are given nil, if u follow all other instructions, ur balance sheet will not tally as Net worth is given as 90% of Fixed assets. There is mistake in the question. thats why bal. figure taken as debt.
Raman Bhatia
(student)
(99 Points)
Replied 17 November 2014
Sadique Ahmed
(student)
(52 Points)
Replied 17 November 2014
arpit jain
(ty bcom)
(43 Points)
Replied 17 November 2014
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 17 November 2014
@ sadique Ahmed it is at 50% Rs. 7,50,000 and at 60% Rs. 3,31,200
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 17 November 2014
@ Arpit Jain... it is a mistake in the paper
shardendu pathak
(sorry)
(25 Points)
Replied 18 November 2014
shardendu pathak
(sorry)
(25 Points)
Replied 18 November 2014
Ankit
(a)
(23 Points)
Replied 18 November 2014
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 18 November 2014
@ Shardendu Pathak... yes, ur observation is correct. But Operating and finance lease are not there in FM so I thought it must be the mistake and I considered it as Operating and Financial leverage. If u take it as it is, u can apply AS 19 to write the answer
Regards,
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 18 November 2014
@ Ankit ....Reserves and surplus is the part of net worth. the question has already mentioned that it is 25% of equity capital. So this assumption will not work
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