Financial Reporting Exam Paper May 2023, Exams of Financial Accounting

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IRONING i esneasiaesevinisens nesses Total No. of Questions — 6 Total No. of Printed Pages — 16 Time Allowed — 3 Hours Final New Syllabus Maximum Marks — 100 Paper -1 Financial Reporting WHT Answer to questions are to be given only in English except in the case of candidates who have opted for Hindi Medium. If a candidate who has not opted for Hindi Medium, answer in Hindi, his/her answers in Hindi will not be valued. Question No. 1 is compulsory. Candidates are also required to answer any four questions from the remaining five questions. Working notes should form part of the respective answers. Marks 1, (a) The draft balance sheets of Swan Limited and Duck Limited as at 31* 15 March 2023 is as under : Amount in % Lakhs Particulars Swan Limited | Duck Limited Assets Non — Current Assets Property, Plant and Equipment 800 1,000 Investments 900 240 Current Assets Inventories 360 260 Financial Assets — Trade Receivables 1,040 540 — Cash & Cash Equvalents 520 290 Other Current Assets 700 350 Total 4,320 2,680 a iste WHT P.T.O. © The Institute of Chartered Accountants of India