Accounting Paper 32..How did it go?

[David Hussey]

the Roce question, u had to use the profit b4 operations right?

 

[David Hussey]

It was going concern? I'd still confirm it because I discussed the paper with my Sir and he told me I did it correct because for B, we had to assume that accounting policy was to remain the same, that is consistency concept was being applied, however the fact that revaluation of assets, provision for doubtful debts changing according to time and some other concepts he named which I forgot were being overlooked.

its straight line
the question asked for an "example" of a policy

 

[SalmanPakRocks]

the Roce question, u had to use the profit b4 operations right?

It was 20%

its straight line
the question asked for an "example" of a policy

Accounting policy, so?

 

[David Hussey]

so the only optionn which gave an example was D, which was straight line

 

[David Hussey]

others were just descriptions of the accoutning policies
wht did u opt for?

 

[SalmanPakRocks]

so the only optionn which gave an example was D, which was straight line

Wait, which question are we talking about again? I thought the answer was between B and C
B was that the same treatment for accounting from 1 year to another
C was going concern

 

[SalmanPakRocks]

What about the investor's ratio and that Price Earning ratio question?

 

[David Hussey]

question was, which is an example of an accounting policy
i opted for D, company applying straight line depreciation every year (i am not sure if this is the exact wording used)

 

[David Hussey]

What about the investor's ratio and that Price Earning ratio question?

price earning, u mean the one which they gave those three ratios and v had to find the price earning with that?
it was 6.25, repeated question

 

[David Hussey]

and the other question about ratios, answer was dividend yield right?

 

[Deadpunk.mr]

I think saying it was very easy was wrong..average was very much the right level...because a lot here saying it was easy seems to have gotten few wrongs...i still think GT will be around 24-25 highest.
by the way If i get 78-83 in paper 4 (assuming GT to be around 80 in paper 4) and get 22 in this paper (assuming whatever the gt is)
and I have 83 in AS so what can I get?

 

[3fatak]

what did u guys do for the asset revaluation reserve question?

 

[David Hussey]

what did u guys do for the asset revaluation reserve question?

i d remember the answer
but u only had to include the increase amount of the non current asset
not the decrease

 

[Deadpunk.mr]

yh only the increase not decrease

 

[mania _ manal]

What qas the answer to the unrealised profit q was it credit or debit ? $400

 

[Deadpunk.mr]

you mean that the one which shows the return from investment? yes dividend yield..repeated question

 

[Deadpunk.mr]

and brother the principle answer was C because D was "using Straight line dep for ALL fixed assets" that isnt consistency, consistency is using the SAME method of Dep for the SAME assets year after year without changing the method...C was the Answer

 

[mania _ manal]

Ysh so as the provision is increasing unrealised profit acc will be credit !

$400 DR, because the provision was increasing

 

[mania _ manal]

What was the and for un

and brother the principle answer was C because D was "using Straight line dep for ALL fixed assets" that isnt consistency, consistency is using the SAME method of Dep for the SAME assets year after year without changing the method...C was the Answer

realised profit ?

 

[Deadpunk.mr]

idk my one was wrong probably i dont know why i opted for 2900 Cr...whatever it was answer was credit...and return on capital employed one...30/120 = .25 right?