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PURP

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › PURP

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  • April 6, 2023 at 5:31 pm #682294
    gkumar84@live.com
    Participant
    • Topics: 8
    • Replies: 4
    • ☆

    why do we not remove the unrealised profit when removed the inventory or NCA?

    April 13, 2023 at 6:47 pm #682608
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Sorry, I’m not too sure Infollow your query.

    If we have an inventory PURP then we remove the profit and also the profit included in inventory. It is the same with unrealised profit in PPE.

    Thanks

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