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Goods for own use

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Goods for own use

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by racucamelia.
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  • September 20, 2018 at 9:19 pm #475419
    racucamelia
    Member
    • Topics: 34
    • Replies: 39
    • ☆☆

    Hello,

    in chapter 4, example 1, can you please tell me why is added back only 190 pounds if the products weren’t accounted? Should not add back the market value – 650 pounds? This is what the solution of the exercise indicates, from the notes.

    Thank you

    September 22, 2018 at 12:41 pm #475515
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The full £650 is added back in the answer – not £190 – so not sure where your query here comes from?

    September 22, 2018 at 4:08 pm #475539
    racucamelia
    Member
    • Topics: 34
    • Replies: 39
    • ☆☆

    My mistake. Thank you for the clarification

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