How was ca final accounts paper today

I feel there was too many absurd qns in the paper. How many of u felt that

 

CA Final Financial Reporting Paper May 2016 - Download

Replies (25)
yes....n also lengthy

Yeah many questions were absurd.

 

I think it's not so tuff

i think exam paper is average. 

 

paper was easy but too much ambuiguity..

But the highlight was:

Phase I and II of the Building will be started as soon as they are completed. :D

 

What will be answer of that question? 

So many ambiguous and absurd questions. 1a) phase i and ii starts and completes what is that 1d Question of SFM 4c) haven't seen this question anywhere 5a) Value of Business ?? Question is Ambiguous or incomplete as in one line answer can come by market value 5b Another Question which is not available anywhere 6a) Question is Wrong. 1392 Value added is not possible unless closing and opening stock value are interchanged 6b) SFM Question
     I   II   III   IV     Tota Cost   Interest Portion 
                 
Expenditure              10.00                        30                          25                     30.00                    95.00                  12.90
                    1.36                           4                            3                       4.07      
                 
(A)                11.36                  34.07                    28.39                     34.07      
                 
Capital                24.00                        34                          30                     38.00                  126.00                  17.10
                    3.26                           5                            4                       5.16      
                 
(B)                27.26                  38.62                    34.07                     43.16      
                 
(A+B)                38.62                  72.69                    62.47                     77.23                  221.00  
                 
                 
                 
Loan AMOUTN                          200.00  
                 
                 
Interest                              30.00  PA 
                 
                 
Total Cost              38.62                  72.69                    28.39                     34.07      
Capital                          34.07                     43.16      

I am not sure about the answer which I have presented over here, but based on understaning and as discussed with other chartered accountats, came to above conclusion.

 

Thanks.

Regards,

IS 

That question realting to Acquisition of Shares - Which Shows EPS  2.4, if you will recalcualte it comes around 2.4.

i wdn't say it's tuf but a wierd  sort of Qn paper......

Total of consolidated balance sheet is 450250

Sorry its total is 440250

hmm ..right.. :-(

 

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