In Advanced Mgt. Accounting
Linear Programming as S.Agarwal sir said
for calculation of quick ratio.
"Surplus cash on hand after production" (given in question) does not includes bank Borrowing.
Since sir says to go by the wording i.e. cash on hand (so do not include cash at bank).
but the question solved by institute study material is calculated
based on Cash on hand incl. cash at bank(i.e. bank borrowing)
Solution of Agarwal Sir seems to be right because to go by wordings.
friends kindly advise what i should follow in exams
1. Institue Study Material Answer or
2. S.Agarwal sir notes Answer.
Is it safe to go ahead with the institute study Material. knowing that it is wrong ?
because i dont wish to lose marks in the exams.
Plz suggest.
CAclubindia
