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Can u pls explain the meaning of the para I marked below

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20210403_123740.jpg


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

03-Apr-21 12:39

46

Answers (3)

The business actually incurred more profits for November-December for 20X2 when compared to that of 20X1. If the loss due to fire accident would not have happened, the financial position of the company would have improved. But because of the loss, the financial statements show a low profit.


Madhuri Veluri

Madhuri Veluri

Moderator

03-Apr-21 13:09

In the same question this table was also given pls say me how can I connect it with the above para.

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16f5e6c9-32a2-4fc6-9f87-c92a799a01a6.jpg


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

03-Apr-21 13:58

The parah simply gives us a hint that in Nov-Dec 20x1, there was some uptrend in business, and it was expected that it would help in 20X2, but the fire occurred. So, for calculating adjusted turnover, it gave us some hint, without giving any percentage. The table given below parah does work easy for us and gave us the adjusted turnover which we can directly pick for our purpose.


Sahibdeep Singh

Sahibdeep Singh

Moderator

03-Apr-21 18:41

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