During the previous year, SCORING OPPORTUNITY LIMITED recorded sales of Rs X and incurred a loss amounting
Question:
During the previous year, SCORING OPPORTUNITY LIMITED recorded sales of Rs X and incurred a loss amounting to Rs Y. During the current year the said company recorded sales of Rs 1.25 X and earned profit amounting to Rs Y. You are required to compute the “Margin of Safety” of the company (in Rs) that pertains to the current year.
While solving the above question please take X = Last digit of your roll number * 100000. For example – if your roll number is 24, X = 4 * 100000 = Rs 4.00 Lakhs. However, in case the last digit of your roll number is either “0” or “1”, please take it as 10. Meaning – in case your roll number is 20 (say) or 31 (say), X = 10 * 100000 = Rs 10.00 Lakhs. While solving the above question please take Y = Last digit of your date of birth * 2000. For example – if your date of birth is 14th, Y = 4 * 2000 = Rs 8,000. However, in case the last digit of your date of birth is either “0” or “1”, please take it as 10. Meaning – in case your date of birth is 30th (say) or 21st (say), Y = 10 * 2000 = Rs 20,000. Consider roll: 1 Date of borth :-30 |
Financial Accounting and Reporting
ISBN: 978-1292080505
17th edition
Authors: Barry Elliott, Jamie Elliott