AAFM GLO_CWM_LVL_1 Exam - Topic 6 Question 19 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 19
Topic #: 6

Pushkar completed the construction of a house property on 14.8.2008 with borrowed capital of Rs.800000 @ 12%. The loan was taken on 1.4.2006 and is still outstanding. The house was used for his own residence during the entire FY 10-11. Deduction U/S 24(B) for interest on borrowed capital for FY shall be

A150000

B30000

C96000

D134400

Show Suggested Answer

Suggested Answer: D

by Devorah at May 09, 2022, 04:01 AM

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Alyce

4 months ago

Interesting, I didn't know the limit was that low!

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Viva

5 months ago

I thought it was higher, like 150000.

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Giovanna

5 months ago

Wait, how did you get to 96000? Seems off to me.

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Hassie

5 months ago

Totally agree, that's the correct deduction!

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Shalon

5 months ago

The loan interest is Rs.96000 for FY 10-11.

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Mattie

5 months ago

I think this is asking about a type of contract where the final price is determined based on the seller's performance, so I'm leaning towards C. Fixed-Price-Incentive-Fee (FPIF).

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Roosevelt

5 months ago

I remember that we had a similar question where we calculated the opportunity cost based on credit sales. I think I need to pay attention to the variable cost percentages this time.

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Carylon

5 months ago

Scanning for vulnerabilities seems like the logical first step to me. We need to identify any weaknesses before we can try to exploit them.

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Michell

5 months ago

Okay, I think I've got this. The key is to use separate configuration models for the different bicycle types. That way, we can easily manage the unique characteristics of each model while still maintaining control over the overall product configuration. Option A looks like the way to go.

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Kristine

5 months ago

Hmm, I'm a bit confused by all the different cost components. I'll need to make sure I understand the fixed and variable costs for each product before I can decide the best approach.

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