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Regarding inventory.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Regarding inventory.

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 22, 2017 at 8:05 am #373600
    Anonymous
    Inactive
    • Topics: 7
    • Replies: 4
    • ☆

    Hello sir

    First I appreciate your lectures and thank you for such a good lecture.

    Sir I saw a question from Bpp revision kit in inventory,question number is 6.1.

    The question is,year Ended total inventory has $950,000.
    And following transaction took place during the year …

    Purchase of goods. $11,750
    Sales (mark up 15%) $14950
    Goods return to supplair. $1500
    Q, what should be included in sofp.

    Sir I didn’t understand the logic of that question neither which one should be subtracted and which one added.
    Please explain the logic

    February 22, 2017 at 10:05 am #373640
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54668
    • ☆☆☆☆☆

    I think you have missed typing the date in the question.

    I am away from home at the moment and so do not have access to the revision kit. I get home late tonight, so please ask again tomorrow – I have the revision kit at home and so I will then be able to give you a proper answer 🙂

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Regarding inventory.’ is closed to new replies.

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