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Suggested Answers

Note:
Copyright of these Suggested Answers is reserved by the Institute of Cost Accountants of India and prior permission from the Institute is necessary for reproduction of these Answers either in whole or in part.

Disclaimer

The suggested answers are indicative only and not exhaustive. These are only guidelines, not to be constructed as complete answers. The students are expected to apply their knowledge and not to blindly follow the reply given in the suggested answer. The Examiner will use his discretion and award appropriate marks to the answers, if the approach followed is found valid and the answer correct. Examiners may use their judgment in allotting marks to partly answered questions also.