@ ankush sharma. balance sheet total was 1135000.but how u got bod 100000. they clearly given current liabilities comprises of current liabilities in the ratio 2:1.then bod 150000.
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IPCC Taxation Nov 2013 Download and Discussion Share your thoughts
Guys is the note necessary when the question is wrongly printed?
I had 1st written rightly 12.36%, but den canceled it and calculated as per QN.
Will I get full marks for that?
@ tushar thakar dont worry they award marks even i too did the same like u. be positive hope for the best
Sukanya. Hope so.
An and yes I stuck in that FM sum only while calculating debtors n inventories.
There is some relation between sales n cost of sales with 'x'. Since gp ratio was given. Also I noticed that inventory t/o ratio and avg collection period can b made compareable by converting Avg Collection period to Debtors t/o ratio.
I am v bad at maths so could not proceed in that.
Paper was very easy, but had a very bad time management, could complete only 80% :(
Still cant believe I completed Accounts (92 marks) but not tax (only 82 marks i wrote),
Gave so many notes for 5 marks sum of VAT and ST....feeling sad NOW
IS IT POSSIBLE TO SCORE 60+ BY ATTEMPTING ONLY 80 MARKS? ANYONE ?
@ tushar thakar. inventory turnover ratio= cogs/ stock. u will get cogs. 25% on sales i.e 20% on cost. add cogs + profit u will get sales. by average collection period u will get debtors.
| Originally posted by : sukanya | ||
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@ ankush sharma. balance sheet total was 1135000.but how u got bod 100000. they clearly given current liabilities comprises of current liabilities in the ratio 2:1.then bod 150000. |
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current liablities were 300000 and it will be divided in 2:1 so 300000/3*1=100000bod and 200000 cl
| Originally posted by : sukanya | ||
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@ tushar thakar. inventory turnover ratio= cogs/ stock. u will get cogs. 25% on sales i.e 20% on cost. add cogs + profit u will get sales. by average collection period u will get debtors. |
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sukanya sorry but that is incorrect
if it is 25%on sales then it will be 33.333% on cost 1/3 to sale 1/4....... cost 1/4 to sale1/5........but if sale1/4 that is 25% to cost 1/3 that is 33.33%
@ ankush sharma a small doubt. as per u, cl=200000, bod = 100000. nw u verify they given cl and b.od in the ratio 2:1. but nw u will get 3:1. dont compare 200000 and 100000. as per my view we should compare curent liabilities (including bod) and bod. thanks for u r reply
@ ankush sharma thanks for rectifing my mistake. yes 1/3. in exam i did correctly.
| Originally posted by : sukanya | ||
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@ ankush sharma a small doubt. as per u, cl=200000, bod = 100000. nw u verify they given cl and b.od in the ratio 2:1. but nw u will get 3:1. dont compare 200000 and 100000. as per my view we should compare curent liabilities (including bod) and bod. thanks for u r reply |
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yes i was facing same difficulty but there are not ration its simple division of ratio
300000 will be in 2L and 1L ,,i am sure because i hv solved many similar question before
@ ankush sharma oh k k. thanks for u r reply.
give me solu... cost&fm plzz tenstion me hi
accounts and costing fm solutions nov 2013
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