ACCA F7 Exam Question 2 December 2010

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Comments

  1. please explain right issue working

  2. why tutor treat 900Dr balance of current tax in Trial balance Called it Asset.Please explain it with adjusting entries.

  3. i took tat sitting and if I recalled correctly

    original shares = 200,000
    rights issue = 50,000
    total shares = 250,000

    so need to reconcile to year start backwards

  4. Please im finding it a bit difficult understanding (note 1) the right issue calculation and for the equity why did you use 200,000shares and not 250,000shares.

    Thank you

  5. I don’t see why not, saves you a bit of time actually

  6. can we use the abbreviations in the exam??

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