guys can any of u provide me answers for following questions of nov 2011- financial reporting paper .
Q1 (B) WHAT WAS TO BE WRITTEN FOR NOTES TO ACCOUNTS IN CASE OF DEPRECIATION ? WAS IT THAT ACCUMULATED DEPRECIATION OF164 LAKHS WAS GIVEN AND CO CHANGED THE METHOD TO WDV AS THE COST WAS ALSO GIVEN BECOZ ICAI CANNOT ASK JUST A SIMPLE NOTES TO ACCOUNTS AS IT WAS NOT TO TEST OUR VOCUBLARY SKILLS ...
Q5 ( A) WAS THE FIGURE OF SHARE CAPITAL IN LAKHS OR CRORES BECOZ RESERVES WERE IN LAKHS AND ALSO WHETHER CAPITAL RESERVE IS TO BE CONSIDERED A PART OF SHAREHOLDERS FUNDS WHILE CALCULATING EVA .bECOZ I GOT A - VE VALUE ADDEDD AND THE MARKET VALUE ADDED WAS IN CRORES???
Q6 WHETHER OPTION TO SELL PPE WAS A FINANCIAL INSTRUMENT ??I THINK IT IS NOT AS IT IS NOT COVERED BY AS-30 AND ALSO DOES NOT MEET THE DEFINATION CRITERIA OF FINANCIAL ASSET OR A LIABLITY .. WAT SAY GUYS ???
CAclubindia
