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Illustration 29

Financial Reporting

Sir, why did we multiplied by 10 cases and 5 cases, as no where it is mentioned that the loss is for one case and hence i assumed it to be for all the 10 and 5 cases respectively. Video Details ------------- Ind AS - CA Final Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets #23. Illustrations 26 - 29

Hrishikesh Pradhan

CA Final

★ 5K+

10-Nov-24 15:44

114

Answers (8)

Forgot CA inter question 😂

CA Suraj Lakhotia

Admin

10-Nov-24 15:50

Its the same question with same assumption

CA Suraj Lakhotia

Admin

10-Nov-24 15:50

Also for 1 case you cant have multiple probabilities

CA Suraj Lakhotia

Admin

10-Nov-24 15:51

Sorry sir but I didn't understood what you mean to say ! I understood ki it's from CA inter 😅 but then we don't have to multiply with 10 and 5 right ?

Thread Starter

Hrishikesh Pradhan

CA Final

★ 5K+

10-Nov-24 15:57

We need to. Loss is per case

CA Suraj Lakhotia

Admin

10-Nov-24 16:00

CA Suraj Lakhotia Admin

We need to. Loss is per case

But sir again, it is nowhere mentioned na, how could we do it ?

Thread Starter

Hrishikesh Pradhan

CA Final

★ 5K+

10-Nov-24 16:18

Thread Starter

Hrishikesh Pradhan

But sir again, it is nowhere mentioned na, how could we do it ?

Generally for expected value calculations, it is considered as per case only. Unless mention in the question.

CA Suraj Lakhotia

Admin

11-Nov-24 10:53

CA Suraj Lakhotia Admin

Generally for expected value calculations, it is considered as per case only. Unless mention in the question.

Okk sir !!

Thread Starter

Hrishikesh Pradhan

CA Final

★ 5K+

11-Nov-24 12:50

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