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July 3, 2023 at 9:47 am
Thanks for the lesson. my question is what is the difference between a circularisation and a correspondence?
Kim Smith says
July 4, 2023 at 4:04 pm
Please use the tutor forum to ask any technical questions https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams
June 26, 2018 at 5:19 pm
Thank you for the quick reply!
I have just seen the detailed explanation in Chapter 18.
June 26, 2018 at 10:14 am
For example, if goods were received in the final week of the financial period (with GRN) but the invoice for the said transaction was only issued a week later, which is in the next financial period. What should be the appropriate entries in the balance sheet?
Thank you for the great video lectures!
Ken Garrett says
June 26, 2018 at 3:59 pm
Dr Purchases Cr Purchase provision/reserve
In the new year, when the invoice is received:
Dr Purchase provision/reserve Cr Supplier account in payables ledger.
The amount should also appear in closing inventory.
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