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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Is it necessary to show the workings using ENTRIES (Dr. Cr.)for consolidation question?
Is it necessary to show the workings using Dr. cr. entries in consolidation question, because I usually get my answer right without using entries and rarely ever get it right with entries, are marks lost if i dont show the entry but show the logic behind my calculation if my answer is right?
I think, you don’t have to do DR and CR entries.YOU can use any other method for Working to get answers.As much as i know u don’t need dr cr entries any where in F7.But you have to show some working(any other method). you won’t loose any mark.
You can use direct impact of entries.