ACCA F7 June 2005 Question 2 Harrington

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  1. avatar zobo says:
    September 18, 2013 at 2:20 pm

    Hi, pls. look at the 13. minute in the video. Why have we eliminated 800? We have building for 4,000 less depreciation of 800 plus revaluation of 800. And where does the another elimination of 800 come from?
    Thanks a lot.

  2. Avatar of sab sab says:
    April 2, 2013 at 10:39 am

    do BPP have this question in its revision kit?

  3. Avatar of nkmile64 nkmile64 says:
    February 20, 2013 at 12:23 pm

    Thank you Sir for yet another excellent lecture!

    I found especially useful the explanation regarding the Current Tax Underprovision but please take a moment and explain this question of mine. Part (vi) of the question is a little bit confusing because it states, and I quote from the original:
    “The figure in the Income Statement is the underprovison for Income Tax for the year to 31 March 2004″.
    However, if I correctly understood your sayings,the figure of 55 in the Income Statement is just a draft provision entry made by someone in the Accounting Dpt. at year-end i.e.

    CR Current Tax (in B/S) X
    DR Income Tax Expense (I/S) X

    It just happened that the amount was 55 i.e. equal to last year’s underprovision and as a result the balance of the Current Tax was zero and that is why it does not appear under Current Liabilities in the draft B/S.
    Is this what has happened or have I completely misunderstood it?
    Your advice would be gratefully appreciated.

  4. avatar sheunacca says:
    May 16, 2012 at 7:32 am

    hi,
    i don’t know if my system or the lecture, it plays i can hear but cant see any picture or video, pls help. thanks

  5. avatar abiodun2 says:
    May 8, 2012 at 1:14 am

    Please where can I get this question in full

  6. avatar sherri says:
    April 24, 2012 at 3:25 pm

    Please, the lectures keep on stopping after just a few minutes, and I’m browsing on google chrome. Please help

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