@ ankush sharma. balance sheet total was 1135000.but how u got bod 100000. they clearly given current liabilities comprises of current liabilities in the ratio 2:1.then bod 150000.
sukanya
(student)
(81 Points)
Replied 12 November 2013
@ ankush sharma. balance sheet total was 1135000.but how u got bod 100000. they clearly given current liabilities comprises of current liabilities in the ratio 2:1.then bod 150000.
Tushar Thakar
(student)
(57 Points)
Replied 12 November 2013
sukanya
(student)
(81 Points)
Replied 12 November 2013
@ tushar thakar dont worry they award marks even i too did the same like u. be positive hope for the best
Tushar Thakar
(student)
(57 Points)
Replied 12 November 2013
Kumar
(Student)
(211 Points)
Replied 13 November 2013
Paper was very easy, but had a very bad time management, could complete only 80% :(
Still cant believe I completed Accounts (92 marks) but not tax (only 82 marks i wrote),
Gave so many notes for 5 marks sum of VAT and ST....feeling sad NOW
IS IT POSSIBLE TO SCORE 60+ BY ATTEMPTING ONLY 80 MARKS? ANYONE ?
sukanya
(student)
(81 Points)
Replied 13 November 2013
@ tushar thakar. inventory turnover ratio= cogs/ stock. u will get cogs. 25% on sales i.e 20% on cost. add cogs + profit u will get sales. by average collection period u will get debtors.
Ankush sharma
(Auditor Article Assistant)
(816 Points)
Replied 13 November 2013
| Originally posted by : sukanya | ||
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@ ankush sharma. balance sheet total was 1135000.but how u got bod 100000. they clearly given current liabilities comprises of current liabilities in the ratio 2:1.then bod 150000. |
 |
current liablities were 300000 and it will be divided in 2:1 so 300000/3*1=100000bod and 200000 cl
Ankush sharma
(Auditor Article Assistant)
(816 Points)
Replied 13 November 2013
| Originally posted by : sukanya | ||
|
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@ tushar thakar. inventory turnover ratio= cogs/ stock. u will get cogs. 25% on sales i.e 20% on cost. add cogs + profit u will get sales. by average collection period u will get debtors. |
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sukanya sorry but that is incorrect
if it is 25%on sales then it will be 33.333% on cost 1/3 to sale 1/4....... cost 1/4 to sale1/5........but if sale1/4 that is 25% to cost 1/3 that is 33.33%
sukanya
(student)
(81 Points)
Replied 13 November 2013
@ ankush sharma a small doubt. as per u, cl=200000, bod = 100000. nw u verify they given cl and b.od in the ratio 2:1. but nw u will get 3:1. dont compare 200000 and 100000. as per my view we should compare curent liabilities (including bod) and bod. thanks for u r reply
sukanya
(student)
(81 Points)
Replied 13 November 2013
@ ankush sharma thanks for rectifing my mistake. yes 1/3. in exam i did correctly.
Ankush sharma
(Auditor Article Assistant)
(816 Points)
Replied 13 November 2013
| Originally posted by : sukanya | ||
|
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@ ankush sharma a small doubt. as per u, cl=200000, bod = 100000. nw u verify they given cl and b.od in the ratio 2:1. but nw u will get 3:1. dont compare 200000 and 100000. as per my view we should compare curent liabilities (including bod) and bod. thanks for u r reply |
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yes i was facing same difficulty but there are not ration its simple division of ratio
300000 will be in 2L and 1L ,,i am sure because i hv solved many similar question before
sukanya
(student)
(81 Points)
Replied 13 November 2013
@ ankush sharma oh k k. thanks for u r reply.
prince soni
(ahmedabad)
(21 Points)
Replied 13 November 2013
ankitha jain
(student)
(27 Points)
Replied 13 November 2013
accounts and costing fm solutions nov 2013
https://shrigurukripa.com/lat4stud.php
shruti
(ipcc)
(110 Points)
Replied 13 November 2013
CAclubindia
