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ACCA FR Chapter 3 Presentation of Financial Statements (IAS 1) Questions

VIVA

Reader Interactions

Comments

  1. LinaPolly says

    January 20, 2023 at 1:47 pm

    Can you please advise on where the interest paid and interest received should be recorded? Should they be recorded after PBIT in the P&L statement?

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    • jenishakc says

      May 16, 2023 at 1:31 pm

      they should be recorded after PBIT in P/L statement.

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  2. Seanso says

    May 8, 2021 at 12:14 am

    Is it possible to get practice questions where we actually prepare financial statements

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    • P2-D2 says

      May 8, 2021 at 9:21 am

      Yes, you can find them in the revision kits that you are recommended to purchase.

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    • Nkemachur.7 says

      October 15, 2022 at 10:07 pm

      Ok

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  3. jasmisuhail says

    February 7, 2020 at 11:17 am

    sir, can u please explain the answer of Q;1?

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  4. rebescosco says

    November 29, 2019 at 3:13 pm

    Good day sir,

    The first option in question one stated that the liability occured during the accounting period,so I thought it would be classified as a current liability.

    But from the answer it is stating otherwise, please kindly explain further sir..thank you sir

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    • ChampionShez says

      October 19, 2022 at 3:49 am

      The liability has arised during the current accounting period just ended. It is not stated that it is current liability or non-current liability. The question asks “not necessarilty” lead to rise in current liability.

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