I did the following mistakes. Just tell me how many marks can I lose ?
In insurance claim, I took the policy amount as 50,000 instead of 60,000. Don't ask me how did I manage to do that, but I did that nevertheless. But my stock value is right in the trading a/c. Will I get marks for that ? If yes, how many approx. ? :(
Secondly, in partnership, I credited the goodwill brougth in by Puneet, in Amit and Sumit's Capital ac.s in their sacrificing ratio and then write off the same in their new ratio which is wrong. I should have credited it with the old ratio and not the Sac. Ratio :(. With this, my cash bought in, balance of capital a/cs all went wrong :(. But the balance sheet and the revaluation a/c is correct and tallied. How many marks can I get in this if apart from this goodwill, everything is correct ?
Plz tell me, how many marks I could lose for this ?
CAclubindia
