STATE TIMES NEWS
JAMMU: Sukesh Khajuria, a social activist and former member of prominent citizen’s Advisory Committee constituted by the State Government, has submitted a representation to Prof R.D Sharma, Vice Chancellor University of Jammu regarding discrepancies in the examination paper of Advanced Corporate Accounting course No BCH-604 of B.Com Hons VI Semester Degree Examination held on May 3, 2018.
A copy of the representation has also been submitted to Narinder Nath Vohra, Governor who is also the Chancellor of University of Jammu, Mehbooba Mufti, the then Chief Minister, Prakash Javadekar, Union Human Resources Development Minister and Imran Raza Ansari, the then MoS for Higher Education, J&K.
“Emboldened by valued thoughts from the desk of Vice Chancellor, University of Jammu, the University has a firm commitment to academic excellence by updating its syllabi regularly to meet the market challenges,” he added.
Khajuria in his representation brought to his notice a matter of urgent importance concerning future of youth of J&K.
Khajuria, a student of accountancy, who has been teaching accountancy subject since 1978, stated that the name of examination has been titled Advanced Corporate Tax instead of Advanced Corporate Accounting which should be the correct name. Secondly Q.No.2 (4 Marks) – Section A and Q.No 3 (12 Marks) based on redemption of debentures by sinking fund method has not been in the syllabus of the course, he added.
Khajuria pointed out that in Q.No.6 (12 Marks) – Section B accounting standard AS-14 has been referred.
“Recently AS-14 has been replaced by Ind AS-103 ‘Business Combinations’ issued by the Institute of Chartered Accountants of India. This standard is applicable in respect of accounting periods commencing on or after 1st April 2016 and is mandatory in nature,” he added.
“The Revised Schedule VI now renumbered as Schedule III in the Companies Act 2013 has prescribed the forms for Balance Sheet and Statement of P&L in vertical form in which every company must prepare its Balance Sheet and Statement of P&L for the financial year commencing on or after April 1, 2011. However in the examination we are still continuing with horizontal form,” he mentioned.
“The new Indian Rupee symbol of the currency sign for the Indian rupee, approved by the Union Cabinet on July 15, 2010 should be used in the question papers which are not being used till date,” he added.
Khajuria urged the Vice Chancellor to look into the aforesaid issues and accordingly issue instructions so that the students are not put to loss for want of proper instructions from the concerned quarters on such serious issues.
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