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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.
I have found the answer in F7 forum:
http://opentuition.com/topic/6-harrington-question-from-bpp-kit-help/
do BPP have this question in its revision kit?
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.
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
Please where can I get this question in full
@abiodun2, bpp revision kit? Kaplan revision kit? ACCA website of past examination questions? Have you really looked before you asked the question?
@MikeLittle, Am looking for Kaplan revision kit for F7 I will be glad if u can provide me this. thanks
@abiodun2, Sorry, there’s no way I could provide you with aKaplan revision kit! 🙁
mike, am currently unable to view the other past papers lectures, am only able to see till 2005, have they been removed on purpose???
Reload your browser or try google chrome
All lectures work fine
Please, the lectures keep on stopping after just a few minutes, and I’m browsing on google chrome. Please help
your internet connection maybe slow, there is nothing we can do.
have u removed the other past papers lectures on purpose or maybe its just an ERROR?,
Where is the error? All revision lectures are on line
ACCA F7 Revision Kit, Lectures based on ACCA exam questions
http://opentuition.com/acca/f7/acca-f7-revision-kit/