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» CA Final May 2012 Accounts(Financial Reporting) Solution
CA Final May 2012 Accounts(Financial Reporting) Solution
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respected sir,
ReplyDeletein Q 7a, related to cashflow ,you have deducted dividend of Rs .50 m from opening balance of cash but the wording used in question paper is "dividend declared"
it apparently mean that it has not been paid
then why it has been deducted ?
once dividend declared is deducted from profit&loss account.and make suitable assumption that dividend declared has been paid.[once dividend declared it becomes debt due from the company.]
ReplyDeletesir,
ReplyDeletein Q.6a,related to business valuation,you have take current assets as Rs.30cr in valuation....bt why not Rs.1010 cr i.e.(1000-20+30)...as only stock revalued by Rs.10 cr.