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June 26, 2018 at 5:25 pm
Sorry if this sounds like a stupid question. Q4, why does the NRV not $4800 as the $250 is the cost of “disposing” goods, which I understand as scrapping it off instead of selling it off.
September 25, 2017 at 4:51 am
Sir can you explain why in Q1 It is client’s responsible to undertake the stock take in line with the auditor’s instructions isn’t right Thank you. 🙂
July 4, 2017 at 7:59 pm
Some texts of BA3 Notes Chapter 01 are missing. Please be kind enough to upload corrected notes. Thank you.
Ken Garrett says
July 4, 2017 at 8:46 pm
Why have you posted that message here? It has no relevance here.
July 4, 2017 at 6:17 pm
In Q5. – Why there will be no change in purchase and payables?
July 4, 2017 at 8:48 pm
Because if it is in closing inventory it should also be in purchases and payables (or have been paid for).
May 28, 2016 at 8:46 am
Can somebody pls explain the answer to Q2.
May 28, 2016 at 11:03 am
Cost of material/kg and hourly labour rates obviously contribute to the cost/unit manufactured. However the amount of manufactured produce still in inventory tells you nothing about their cost per unit.
October 17, 2015 at 4:17 pm
Q4. Chapter 20
Can someone explain how they arrived at the answer for the closing inventory of $4550. Thanks
December 6, 2015 at 2:02 am
Selling Price £4800 Less cost of disposal £250 Total = 4550
Inventory is valued at lower of cost or NRV
May 23, 2015 at 12:21 am
so why is it that the answer for No. 1 is saying that, It is sent by the client’s bank to the auditor. Why not, It is sent by the client’s bank to the client
May 21, 2015 at 8:58 pm
is a bank confirmation the same as cash certificate
May 22, 2015 at 7:57 am
No. A cash certificate is a type of investment (Google it). A bank certificate is the bank certifying balances, investments accrued interest and mortgages.
November 15, 2014 at 1:56 pm
what is the answer of Q1 n Q2??
November 15, 2014 at 3:37 pm
Q1: bank certificate sent by client’s bank to auditor.
Q2: the final balance in the cash book should appear in the financial statements.
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