He'll sir I have a deliotte internship offered by my college for the above role will the pattern be same or will there be any changes for both apptitude and versent. Please please please reply sir
Net assets are fixed assets not CURRENT assets and also business loan is liability. We need current assets to calculate gross working capital. Either the question is is wrong or options
8,50,000 (sh.eq &lia) should be the same both sides to tally the balance sheet . So add all the rest it will give you 6,50,000. They have told other entry is cash entry so subtract 8,50,000-650000=200000 the cash entry
1. **Likely loss on a contract of $25,000**: This is a definite expected loss. According to the prudence concept, losses should be recognized as soon as they are foreseeable. Therefore, this amount should be deducted from the profit. 2. **Possible Court ruling in favor of the company leading to an increase in profits by $10,000**: This is a potential gain. According to the prudence concept, gains should only be recognized when they are realized or virtually certain. Since this is just a possibility, it should not be included in the profit figure. 3. **Possible Court ruling against the company resulting in damages between $5,000 to $15,000**: Similar to the previous point, since this is a contingent loss, it should only be recognized if it is probable and can be reasonably estimated. Since it is uncertain whether this will occur, it typically would not be included in the profit figure at this stage. ### Calculation of Revised Profit: - Initial Profit: $500,000 - Less: Likely loss on a contract: -$25,000 - Possible gains from court ruling: $0 (not recognized) - Possible losses from court ruling: $0 (not recognized) ### Revised Profit Figure: \[ \text{Revised Profit} = 500,000 - 25,000 = 475,000 \] Thus, the correct revised profit figure, after considering the likely loss, is **$475,000**.
Can anyone explain answer for the 11th question
Helloo sir for audit role alsoo the same aptitude questions will be conducted..???
Thanks a lot sir i got shortlisted for my interview
Nearly more than half where same to same and rest other questions where simple too
That is amazing! All the very best! Which college are you from?
I don't think so the answer for Q11 is correct.
Explain the questions with answers
He'll sir
I have a deliotte internship offered by my college for the above role will the pattern be same or will there be any changes for both apptitude and versent.
Please please please reply sir
Question 6 will be A
As it asking for consequences not to rectify
I opened the comment to say the same
pls make a video for deloitte versant in same pattern with other information like cut offs and total marks
HOW DID U GET 2ND ANSWER PLEASE BRIEF
Did you get it?
@@osamatullahmohammad1532 no
Net assets + lease + business loan =gross working capital
Net assets are fixed assets not CURRENT assets and also business loan is liability. We need current assets to calculate gross working capital. Either the question is is wrong or options
Ques 1 explanation plz
45800-36900+1200-4500
how do you get the second answer?
Gross working capital = total of all current assets
Question 11
Could anyone let me know how it is option D
Still not getting 20,50,0000 for question 2
@@osamatullahmohammad1532 Lease + Business loan + Net Fixed Assets
It should be A@@avinashgokavarapu5728
ques 04 explanation
8,50,000 (sh.eq &lia) should be the same both sides to tally the balance sheet . So add all the rest it will give you 6,50,000. They have told other entry is cash entry so subtract 8,50,000-650000=200000 the cash entry
Can anyone please explain Q.13
50000 shares jan 1
5% dividend which is 50000×5÷100=2500
Know he had
50000+2500=52500 shares
Two for one stock
Where 52500×2=105000
Can any one explain Question numebr 11
1. **Likely loss on a contract of $25,000**: This is a definite expected loss. According to the prudence concept, losses should be recognized as soon as they are foreseeable. Therefore, this amount should be deducted from the profit.
2. **Possible Court ruling in favor of the company leading to an increase in profits by $10,000**: This is a potential gain. According to the prudence concept, gains should only be recognized when they are realized or virtually certain. Since this is just a possibility, it should not be included in the profit figure.
3. **Possible Court ruling against the company resulting in damages between $5,000 to $15,000**: Similar to the previous point, since this is a contingent loss, it should only be recognized if it is probable and can be reasonably estimated. Since it is uncertain whether this will occur, it typically would not be included in the profit figure at this stage.
### Calculation of Revised Profit:
- Initial Profit: $500,000
- Less: Likely loss on a contract: -$25,000
- Possible gains from court ruling: $0 (not recognized)
- Possible losses from court ruling: $0 (not recognized)
### Revised Profit Figure:
\[
\text{Revised Profit} = 500,000 - 25,000 = 475,000
\]
Thus, the correct revised profit figure, after considering the likely loss, is **$475,000**.