Investment 3

1 st    if nothing is given always assume ex-interest

2nd  that condition is right- all assets and liabilities are taken over at book value

no no abhishek i'm asking abt a question in part 1.It is there in model test paper.(feb)

upload the question plzz

o.k abhishek here's the link.

https://220.227.161.86/26335mtpipcc-sr1-gp1a.pdf

question 3 (a)

@ aksh*t:  the intrest on investment is to b calculated bcoz d bonds of rs 300000 were held by Mr. Mohan till 1st Oct (sold on).. And he recived d intrest on bonds last on 1st May.. therefor Mr. Mohan is entiled of intrest on the bonds of Rs300000 for 5months (1st May to 30st Sept). so it will b calculated as:

Rs 300000 @ 8% for 5months = Rs 10000

THNX A LOT VAWESH.

IN OTHER QUESTIONS THERE WERE SHARES IN PLACE OF BONDS.

I SUPPOSE THIS TREATMENT WILL BE SAME IN CASE OF SHARES ALSO.

nope bro it won't b same in case of shares as shareholders are nt entiled of any intrest.. thy r entiled f dividend n that also its nt sure weather thy will get or nt.. so in case f shares u cannot recognise any income 4m dividend until n unless its stated in question...

thnx a lot vawesh

most wlcm bro... n bst f luck.. 35hrs to go...