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Brilliant! Thank you.
Why in example 1 consolidated SOFP we do not include receivable of dovile and payable of jurate(in excess)??
h I forgot to say …back of BPP Text book
I am confused! I thought that as long as goods are sold it is not deducted in the Consolidated income statement! Looking at Question 11 Fallowfield……only half of goods remain..why was the entire 40000 deducted?….Help
guys when u have inter co revenue, and they mention in the exercise :”the current account in that day of the transaction was…xxx.”u need to adjust Group A/R and Group Liabilities when you consolidate by minusing in both acounts the same xxx mentioned, as is an inter co revenue, is not payable and is not collectable.Just fyi!
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