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june 2014,minco-qn3b

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › june 2014,minco-qn3b

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • August 1, 2020 at 3:55 am #578875
    gayathree1234
    Member
    • Topics: 40
    • Replies: 1
    • ☆

    Hi sir,
    1)Can we recongise a total of $150,000 financial liability and amortise over 3 years?in the answer they stated we must recognise a pv of the liability.And what are the double entry for the financial liability?

    Thank you..:)

    August 1, 2020 at 8:05 am #578892
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    If I remember Minco part B was about a tennis player

    So I think you must mean a different question

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