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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 Overall Test under AS 17?
AP, Q, S & T
BP & T
CP, Q & T
DP & Q
Answer & Solution
Correct answer: C. P, Q & T
1. Step 1: Overall test = union of all three tests (Revenue, Profitability, Assets).
2. Step 2: Revenue gave {P,Q,T}; Profitability gave {P,T}; Assets gave {P,Q}.
3. Step 3: Union = {P, Q, T}. Hence reportable: P, Q & T.
_Source: ICAI BoS CA Inter Paper 1 Practice MCQ Paper (89270bos-aps3012-int-p1), Q.4_