Hi ,,, paper was easy bt it was too lenghty and was required proper concept knowledge....
 

WAC=11.63

i can only pray to get passing marks this time....such a bad paper for me...left for 30 marks....not sure abt attempted one...!

paper was good

but

very tricky and lengthy

 !!!!! damn LENGHTY PAPER !!!!!

Very poor time management from my side !!

Prachi just leave it & concentrate on d 

NEXT PAPER

answer to working capital question

question says :- provision for contigencies @ 10% of net working capital including such provision

let, prov for contigencies = x

3750000+x=net working capital including such provision

x = 10% (375000+x)

x = 37500+0.1x

0.9x=37500

x = 41667

therefore working capital reqd = 375000+41667 = 416667..

hope this solves your query.

AND JUST SAY ALL ISS   WELLLLLLLLLLL........

hey...

please check the answer of the contract sum escalation point....

I m uploading the excel file..!!

comment if right or wrong..!!!

reply sooonnnn...!!!

i want to knw how come some answers on d thread r different...plz give the calculations...

friends pls concentrate on the next papers and fulfill ur deficiency of this paper if any in the next by securing more marks in tax & it sm

Sales: 3000000

GP: 3000000*25%=750000

COGS: 3000000-750000=2250000

Cogs/stock=6

Stock=375000

Cogs/FA=1.5

FA: 1500000

FA/NW=1.5

NW: 1250000

ESC: 781250

Reserves: 468750

Fixed charge bearing capital/Net worth=0.5

Fixed Charge Bearing Capital (Debt or PSC): 625000

Assuming no bank overdraft: (CA-Stock)/CL=1

(CA/CL)-(375000/CL)=1

1.5-(375000/CL)=1

0.5=375000/CL

CL=750000

CA=1125000

Other CA= 1125000-500000-375000=250000

Balancesheet

Eq. Sh. Capital                       781250   Fixed Assets         1500000

Reservers                               468750  Stock                        375000

Debt/PSC                                625000   Debtors                 500000

CL                                           750000  other CA                 250000

MY BALANCE SHEET TALLIED BUT I HAVE NOT SHOWN CA SEPRATELY... I HVE SHOWN CURRENT ASSET 1125000.. 

HOW MUCH MARKS WILL BE DUDUCTED???

Process A/c question was from RTP.

costing paper for ipcc and pcc are same????????????

Damn Easyy  but  lenghthy...