OpenTuition.com Free resources for accountancy students
Free ACCA and CIMA on line courses | ACCA , CIMA, FIA Notes, Lectures, Tests and Forums
All F8 lectures Download F8 Notes
Libin Jacob ACCA says
May 14, 2018 at 2:28 am
Sir, is there anything wrong in the following sentences which I copied here from the last sentence of Audit of Inventory chapter, page 91
If something is regarded as having been sold it should be counted as enclosing inventory if it is not regarded as having been sold at yearend, it should be enclosing inventory.
Ken Garrett says
May 14, 2018 at 4:54 am
Yes, it’s rubbish! Should say:
If something is regarded as having been sold at year-end it should not be counted in closing inventory; if it is not regarded as having been sold at year-end, it should be in closing inventory.
Thanks for pointing it out. We will correct it shortly.
March 20, 2017 at 7:04 pm
kindly help are these the procedures for audit of inventory or for inventory stock taking?
March 21, 2017 at 8:08 am
Attending inventory stocktaking is an important part of the audit of inventory where inventory is material.
December 29, 2015 at 9:29 am
i cant download this video. please help me…
December 29, 2015 at 11:13 am
You cannot download videos
April 14, 2017 at 3:03 am
Watch it on Youtube. Then copy the link and use keepvid.com to download the video.
September 27, 2015 at 7:07 am
What about audit procedure for continuos and During the inventory count
You must be logged in to post a comment.