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There is a risk of anything examinable coming up – otherwise it would not be in the syllabus. All the FA (F3) ratios are assumed knowledge.
Sir there was a question in exam- Discuss the procedures regarding going concern weather or not the company is going concern.
I just mentioned the procedures but I haven’t mentioned weather or not bit.
Will I get any marks?Yes – because “or not” is superfluous – for example, “did you pass this exam?” is the same as asking “did you or did you not pass this exam”?
One more question
There was one question regarding subsequent event. It says will you account it or disclose it.
What is the answer disclose or account?
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