1. 

   Naman jain Member

   I want to know that in solution of question no. 16 they have shown profit transferred to reserve is 940 in point 'D', from where did they get this figure.
   Question paper -
   http://www.actuariesindia.org/downloads/exampapers/May2015/QP/CT2_QP.pdf
   
   Solution -
   http://www.actuariesindia.org/downloads/exampapers/May2015/SOL/CT2_SOL.pdf

    

   Naman jain, Feb 28, 2017

   #1
2. 

   Simon James ActEd Tutor Staff Member

   The amount transferred to retained earnings is the earnings for ordinary shareholders, ie the profit after payment of the preference dividend.
   
   This is 940 as calculated in the SoCI (see bottom line of i)

    

   Simon James, Feb 28, 2017

   #2
3. 

   Jinnentonix Member

   This is an amazingly good revision question. Thanks for picking it up!

    

   Jinnentonix, Mar 2, 2017

   #3

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