Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Spare parts accoutancy
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MikeLittle.
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- July 26, 2017 at 6:57 am #398674
Anonymous
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Great work & Big hallow from the Nile country-Sudan
I have question & need your advice
1-I am working in Food manufacturing company ,selling flour & provide Mixers for free to the Bakery who purchase considerable quantity of flour as custody, some time the mixers need Motor we give them new one for free & fixed the old & we would like to included in our books as stock carrying the maintenance cost ,what do you think is it aright treatment .
Regards
Mohammed ElmahdiJuly 26, 2017 at 8:14 am #398696What are you going to do with the motor? Give it away!
So what’s the realisable value of a repaired motor?
$Nil
Yes, include it in inventory – but at $Nil value
OK?
Can you please let me have your company’s name and address so that I may produce an invoice for professional advice given?
This site is for students that are struggling with their exams. We are not an advisory service providing solutions for problems encountered during your employment … that’s why you have auditors
I understand that the auditors will be rather more expensive than I am, but can we settle on a negotiated amount of $50 contribution to be paid as a donation to the OpenTuition website?
You’ll see a button (blue rectangle, white writing) on the right hand side of this page inviting you to “Please donate here”
I look forward to hearing from admin of your contribution
OK?
July 28, 2017 at 12:22 pm #399153No word from Admin and it’s now more than 2 days – I’m closing the thread
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