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ACCA F7 Exam Question 2 December 2010
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i dont understand how the 200 000 shares b/f was caicuated. please assist
please explain right issue working
why tutor treat 900Dr balance of current tax in Trial balance Called it Asset.Please explain it with adjusting entries.
i took tat sitting and if I recalled correctly
original shares = 200,000
rights issue = 50,000
total shares = 250,000
so need to reconcile to year start backwards
Please im finding it a bit difficult understanding (note 1) the right issue calculation and for the equity why did you use 200,000shares and not 250,000shares.
Thank you
I don’t see why not, saves you a bit of time actually
can we use the abbreviations in the exam??