QuestionsCategory: CA-Final Bank AuditMock test paper March 2023
Ekta prajapatiEkta prajapati asked 1 year ago

Sir this is from mock test paper March 2023 case study based MCQ 
 
12)While calculating SLR compliance of Sambhav Limited, what will be value of demand and time liability
as on 31st March?
a. 246 crore
b. 250 crore.
c. 237 crore.
d. 240 crore 
14)Which of the fallowing statement is true?
a. For giving the effect of merger, permanent consolidation adjustment of 397 lakh and current period
consolidation adjustment of 45 lakh was made.
b. For giving the effect of merger, permanent consolidation adjustment of 420 lakh and current period
consolidation adjustment of 22 lakh was made.
c. For giving the effect of merger permanent consolidation adjustment of 442 lakh.
d. For giving the effect of merger, permanent consolidation adjustment of 375 lakh and current period
consolidation adjustment of 67 lakh was made.
 

2 Answers
RaviRavi Staff answered 12 months ago

Permanent Adjustments- i) Determination of Goodwill 300 Lacs                                                                                                                                                    ii) Determination of Minority interest 75 Lacs
                                                            =375 Lacs
               Current Period Adjustments i) Intra Group transactions 22 lacs
                                                            ii) harmonization of accounting policies 45 Lacs
                                                             =67 Lacs

RaviRavi Staff answered 12 months ago

https://t.me/AuditGuru/3402Answer of 12)
250 – 4 Margin Money + 6 Net Credit Balance in Branch A/c + 3 Adverse Balance in Nostro – 8 Unadjusted Deposit in Agency Business = 237
There is some issue with Given Options.