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June 2025 ACCA Exam Results

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ACCA F3 Specimen Exam Section B Question 2

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ACCA F3 Revision Download F3 Question Paper


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Comments

  1. michaelpot says

    November 11, 2019 at 4:38 pm

    Hi Sir, before I ask I just want to say thanks for all your lectures & knowledge you have shared with us. When we do the depreciation calculation on buildings, why do we not subtract the accumulated depreciation like we did with plant?

    Thanks

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  2. waranv says

    June 22, 2018 at 10:55 pm

    DearMr.Moffat,

    I am an ACCA student from Canada, Your the best lecturer that I have come across. You in depth knowledge with charismatic teaching skills makes you the number 1 Financial Accounting Lecturer in the world. I enjoyed every bit of your lecturing with the fine British Accent. Thank You for your excellent service. I will be taking my ACCA exam on Monday 25th June. I will let you know the results. I am very confident I will pass the exam. By the way if I come to England I would love to take you out for Dinner.

    Thank You

    Waran Vaithilingam.

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    • John Moffat says

      June 23, 2018 at 9:27 am

      Thank you for your comment 馃檪

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    • hanscad007 says

      August 28, 2019 at 6:37 am

      He is just awesome. His patience in detailed explanation is second to none

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      • John Moffat says

        August 28, 2019 at 11:54 am

        Thank you for your comment 馃檪

  3. kasta2002 says

    July 28, 2016 at 3:58 pm

    Sir,
    why in Specimen Exam Section B Inventory at 1 November 20X6 doesn’t belong to SOFP as at 31 October 20X7.
    In normal SOFP we have previous year too, so inventory at 1.11.16 it’s the same as inventory at 31.10.2016 so it is previous year and it has to be in SOFP at 31.10.2017, doesn’t it?
    or inventory at 1.11.16 it is not the same as inventory at 30.10.16?
    thank you in advance.

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  4. balomenos86 says

    March 8, 2016 at 7:37 pm

    Hi sir. A couple of questions. Since we charge allowance expense equal to 6 320*5%-10 why do we deduct 16 from receivables? Last but not least, since we pay energy expense of 10 (debit expense/credit cash) why why dont deduct it from cash?

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    • balomenos86 says

      March 8, 2016 at 7:42 pm

      Are these going to suspense account??

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      • balomenos86 says

        March 8, 2016 at 8:03 pm

        Never mind I understood everything! expense goes as accrual so credit accrual debit expense. For allowance we had credit balance 10 and we had expense of 6 so we debit expense credit allowance. This leave us with a credit balance of 16. Thanks for the inspiration 馃槢

      • John Moffat says

        March 9, 2016 at 6:13 am

        I am glad you sorted it out 馃檪

  5. njivan28 says

    February 3, 2016 at 2:27 pm

    Hi sir.Why building is depreciated,is not that it appreciate in value?

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    • John Moffat says

      February 3, 2016 at 3:35 pm

      You have to depreciate anything with a limited life – there is no choice. It is the rule in IAS2 (whether the asset has reduced or increased in value is irrelevant).

      The purpose of depreciation is not ever to show a ‘true’ value.

      I really do suggest that you watch our free lectures on depreciation. Our lectures are a complete course for Paper F3 and cover everything needed to be able to pass the exam well.

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