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ACCA F7 June 2013 Question 1 Paradigm

VIVA

ACCA F7 past exams lectures Download ACCA F7 Q&A

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Comments

  1. renivarghese says

    September 1, 2021 at 10:00 am

    What is the treatment of igs in this question?

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  2. sugra40 says

    September 2, 2019 at 9:49 pm

    Hello Sir,
    I watched how you calculated 6,000 for under valuation. But I cant understand the way you found 400 in 1,600-400.
    Could you please answer my question?

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  3. baig3292 says

    October 16, 2016 at 3:27 am

    Retained earning at April 1st is (4000) and at acquisition October 1st is same (4000).
    I can’t understand that point????????????????

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    • MikeLittle says

      October 16, 2016 at 4:52 am

      For a mid-year acquisition question, I ALWAYS show separately the retained earnings brought forward and the retained earnings for the year up to the date of acquisition

      Have you watched the whole lecture?

      Have you followed through the course notes and video lectures on mid-year acquisitions?

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  4. natty2 says

    July 12, 2016 at 4:11 pm

    why deduct the 2.8 million from receivables & payables is it because it was not received until 3 April 2013

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    • MikeLittle says

      July 12, 2016 at 8:15 pm

      Natty, have you watched the lecture on this topic of intra-group current account reconciliations?

      If there’s cash in transit (or goods) then we need to account for that asset in the records of the receiving entity

      Having done that we should then be able to eliminate the remaining, now-reconciled intra-group balance – why? – because how can we show ourselves owing ourselves money?

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      • khine89 says

        October 16, 2016 at 10:24 am

        Thanks

      • MikeLittle says

        October 16, 2016 at 12:08 pm

        You’re welcome

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