ACCA F7 June 2005 Question 2 Harrington

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

    do BPP have this question in its revision kit?

  2. 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.

  3. Avatar of sheunacca 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

  4. Avatar of abiodun2 abiodun2 says:
    May 8, 2012 at 1:14 am

    Please where can I get this question in full

  5. Avatar of sherri 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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