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Hi Mr Moffat,
I was doing a question on Consolidated Financial Statements and came across a sentence which reads ‘The profit after tax of Safari for the year ended 30 June 20X6 accrued evenly throughout the year.’
I cannot understand what is meant by that!
Could you kindly help me ?Thanks in advance
It means that it was spread evenly (e.g. if the profit for the year was $12,000, then it was $1,000 a month).
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