For those who had written yesterday's paper - final new course .., the question no 6(a) was quite odd
It is exactly the same as question No.15 in RTP May - 2010 but the value of debentures was not given in the question ( 30 lacs being given in RTP - May 2010). However the value of equity of Rs.1,85,400 is the same. How does one solve the problem without knowing the amount of debentures that were issued. Should we take par value of 100 and solve the same or is there a way to identify the value of debentures issued ?
Or was it a case of a printing error in the question by the institute .., if so will students get credit for the same ?
If someone can clarify .., it would be appreciated
CAclubindia
