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May 15, 2020 at 1:06 am
Just going over the Practice question 10 related to adjusted trading profit. In the original statement of profit and loss the expense: irrecoverable debts refers to notes being available for this expense (note 3) , however note 3 does not provide any further information at all.
March 20, 2020 at 7:06 pm
Good evening, Sir Tutor. I hope you this message meets you well.
I have a question based on Note 7: Goods for own use. I thought the rule was either to add back the profit when the goods taken had been accounted for, or add back the selling price when the goods had not been accounted for yet. Based on this, I would’ve thought the figure to be disallowed in this question was the selling price of £650, not the profit of £190. Please, I would like some clarifications on whether or not I’ve been going about this right.
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