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AS 13

Accountancy

Why did we deduct interest? I solved it with the assumption of ex-interest since no specific details are provided. Correct me if I am wrong.

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Sagar Kathuria

CA Final

★ 3K+

02-Aug-24 13:45

182

Answers (4)

Solve such questions on the assumption that they are in cum interest price only. Unless mentioned otherwise in the question

Sujitha M

CA Inter

★ 1K+

03-Aug-24 10:43

Only objective ones or subjective ones also... Cause I did solve a few subjective questions where the solution was presented with the assumption of ex-interest.

Thread Starter

Sagar Kathuria

CA Final

★ 3K+

03-Aug-24 11:32

You can always give a note about the assumption you've made in case of subjective questions. But it isn't possible with objectives.

Sujitha M

CA Inter

★ 1K+

03-Aug-24 11:40

The question needs improvisation, will update. Thanks for highlighting.

CA Suraj Lakhotia

Admin

05-Aug-24 12:55

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