Hii
Sorry, I have 4 long queries in this chapter and found after solving all the materials of ICAI.(SM PM & COMPILATION).
1)When we have to take cl.capital employed or avg.capital employed in super profit method.In some sums ICAI provides note that any alternative you can take.But in majority sums there is no note.
2)If current assets are revalued,then whether it's impact not goes to FMP calculation.In June 2009 sum Rampal Ltd.effect is not given.
3)In the same afore said sum ,why income from non trade investment is reduced from PBT for calculation of valuation of shares.It is reduced only for valuation of goodwill & not for share valuation.MP Vijay Kumar sir had also done same method.why????
4)In the same sum for calculation of Net assets available for eq.shareholders investment is taken at cost ???.It should be at market value as we are taking all the assets at market value then why not investment.MV is given in question.
Thanks a Lot...
CAclubindia
