Advanced accounting question paper error

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Vaishali Murali (Querist)
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11 November 2015 On noticing the Advanced accounting question paper I have a query related to question number 6.
The balance sheet states '7% Preference Shares' but the reconstruction scheme states adjustment for '8% Preference shares' where the balance sheet does not have any 8% Preference shares. Is it an error in the question paper? Will the marks be awarded for people attending the question?

Please advise.

Amol S Joglekar

Amol S Joglekar (Expert)
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11 November 2015 why do you think it is error?
Why you did not consider it to be 7% are now being replaced with 8% in the scheme of RECONSTRUCTION? Any specific reason for not considering it as above?

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