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1. I am in c.a final...Just tell me I took coaching from parveen sharma sir satellite,he used to write narrations of entry in short but in suggested answers,narrations has been written in ful..what to do and why do we write narrations,what is the use of it?
2. In value added statement chapter,in application statment why don't we include short term loans in provider of finance?
3. jitni bhi assumptions hai accounts mein unke liye note dena jarori hai?parveen sharma sir says there is no need to give as institute ki assumptions aur hamari assumptions same hai?but exam mein paper par likha hota hai wherever necessarysuitable assumptions may be given...what to do now?
Replies (1)
1. Interest on short term finance is taken in Cost of bought out materials & services & so we don't take the same in providers of finance. Only interest paid on long term loan is taken in the same. Whatever items we take in cost of bought out material & service that will not go in application.
2. Regarding assumptions :- Suppose in fm u r provided dividend Rs. 10, growth rate 10 %, ke 16% find po. Answer would be different in both cases if u take D1 as 10 or D1 as 11. So u have to give u r assumption on what basis u have answered.
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