Cost FM IPCC Nov 2013 Solution

Page no : 2

kedar (student) (49 Points)
Replied 11 November 2013

working capital increase is 10000 if we assume provision for tax as current liability...
and current assets is 450000 not 45000..
question paper was really good...

1 Like

Aditya vaghela (Student CA Final ) (40 Points)
Replied 11 November 2013

Originally posted by : kedar
	working capital increase is 10000 if we assume provision for tax as current liability... and current assets is 450000 not 45000.. question paper was really good...

yea thats what I assumed prov for tax as current liab and do we have to reduce setup hours from working hours to arrive at productive hrs?

suman (student) (105 Points)
Replied 11 November 2013

Yes you have to deduct maintenance and set up hours in order to arrive at actual productive working hours

1 Like

sukriti bhatia (student) (33 Points)
Replied 11 November 2013

Need accounts solution also

sukriti bhatia (student) (33 Points)
Replied 11 November 2013

Need accounts solution also

Ankush sharma (Auditor Article Assistant) (816 Points)
Replied 11 November 2013

Originally posted by : Aditya vaghela
	Q.no 4b working capital increased is 30000

yes WC INCREASED BY 30,000

and yes CA was 450000 was a typing error sorry

Ankush sharma (Auditor Article Assistant) (816 Points)
Replied 11 November 2013

Originally posted by : kedar
	working capital increase is 10000 if we assume provision for tax as current liability... and current assets is 450000 not 45000.. question paper was really good...

yes CA was Rs. 4,50,000 was a typing error sorry

Ankush sharma (Auditor Article Assistant) (816 Points)
Replied 11 November 2013

Originally posted by : VIMALA
	Dear Ankush Kindly send the link for taxation pm applies for nov 2013 examination

please refer to INCOME-TAX - VOLUME - I
https://www.icai.org/post.html?post_id=9882

Please refer to SERVICE TAX AND VAT study material

https://www.icai.org/post.html?post_id=6083

for exam..

check page 24 chapter 1 of income tax study material

Ankush sharma (Auditor Article Assistant) (816 Points)
Replied 11 November 2013

Originally posted by : shruti
	yes ankush plzz send d link..... n thnq u for suggestion......

please refer to INCOME-TAX - VOLUME - II
https://www.icai.org/post.html?post_id=9882

Please refer to SERVICE TAX AND VAT - PRACTICE MANUAL

https://www.icai.org/post.html?post_id=6083

Kunal Chheda (None) (22 Points)
Replied 11 November 2013

Distance will be 18000 km as it was Round way

Ankush sharma (Auditor Article Assistant) (816 Points)
Replied 11 November 2013

Originally posted by : Kunal Chheda
	Distance will be 18000 km as it was Round way

i have found the exact solution in book with solution

same question as (CA inter old course)

same question in kalra sir book 36000km p.a

sukanya (student) (81 Points)
Replied 11 November 2013

@ ankush sharma thanks for u r information on variance problem. i Got the same answer.. and for LEV10000, LRV 14000, LCV 4000

1 Like

Ankush sharma (Auditor Article Assistant) (816 Points)
Replied 11 November 2013

Originally posted by : sukanya
	@ ankush sharma thanks for u r information on variance problem. i Got the same answer.. and for LEV10000, LRV 14000, LCV 4000

Correct answers and thanks