November 2011 FM of final : Mixed reactions

Sushant Lohani (CHARTERED ACCOUNTANT) (1051 Points)

03 November 2011  

After the exams ended, there were 2 types of voices in the exam hall.One who were saying," mera toh mast gaya paper. 70marks toh practise manual se thaa."

Another was saying," Accounts k baad ab ICAI ne hamari lelii".

In my case, it was a mixture of both. Left about 10 marks. Hadn't revised from practise manual coz i couldn't finish the main syllabus. Lame excuse,isn't it?

In the 90 marks i attempted, i got stuck in some questions like.

A) What did u guys do in the questions regarding capital reduction?Balance Sheet was easy, but what do u mean by impact?

b) Did anybody solve Q2. After Clean and Clear in Accounts; ICAI has found new names to confuse use. "Chop Chop". What's this?

c)What happened to ur ans of leasing? Borrow and buy is more favourable,isn't it? Capital needn't be computed.

But,in my case , the difference between both options was quite huge. Above 5 lacs

d)What about the capital budgeting question?