sales ratio in prior period problem may 2010 pcc

 Sales ratio is 48:144 or 1:3.

Next time dont  think about ur previous exam, Just prepare for the next. CA main Sochne ka time nahi hota.

Originally posted by : ashish
	what was the sales ratio in prior period problem?

If the Capital Base in Electricity Accounts is Wrong but by just one wrong posting, do we get any Marks for steps.

4 months : (2months*1)+(6months * 5/3)

=4 : 2+10

=4:12

=1:3

Guys is Deffered Tax covered in our ssyllabus?

nope it aint.. ! :) should get full for attempting i guess .. anyways i think i got it right..lol

@ vishal.. ya obv u ll get mark.. even i made a silly error in computation in Reasonable return.i hope not more than 6 marks will be cut if  v  have written all steps

and i made a silly error by wording it as DTA instead of DTL... otherwise the answer is fine

And guys for arriving at clear profits u ve Reduce a contingency reserve of 0.25% of OC of FA from the given profits right ?

General Reserve was not required since its already in excess of 8% of OC of FA

480000:1440000 = 1 :3