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PTU Limited has 6 segments — P, Q, R, S, T & U. External sales total ₹250 lakh, Internal sales ₹50 lakh, Profit ₹46 lakh, Total Assets ₹350 lakh. Which would be the Reportable Segment on the basis of the Assets Test under AS 17?
AP, Q, S & T
BP, Q & T
CP & Q
DP & T
Answer & Solution
Correct answer: C. P & Q
1. Step 1: Asset Test threshold = 10% of total segment assets.
2. Step 2: Total assets = ₹350 lakh; 10% threshold = ₹35 lakh.
3. Step 3: Segments with assets ≥ ₹35 lakh: P (112), Q (147). Hence reportable: P & Q.
_Source: ICAI BoS CA Inter Paper 1 Practice MCQ Paper (89270bos-aps3012-int-p1), Q.3_