ACCA F7 June 2013 Question 1 Paradigm
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What is the treatment of igs in this question?
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?
Retained earning at April 1st is (4000) and at acquisition October 1st is same (4000).
I can’t understand that point????????????????
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?
why deduct the 2.8 million from receivables & payables is it because it was not received until 3 April 2013
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?
Thanks
You’re welcome