[aishabasir]

Ahh I see, that makes sense. Thank you very much, John! 🙂

[aishabasir]

Thank you very much John 🙂

[aishabasir]

Passed with 98%

Used OpenTuition video lectures, both BPP and Kaplan revision kits, ACCA examiner’s report, pilot exam, OpenTuition mock exam and ACCA mock exam (the iassess one)

Thank you John Moffat for the incredible lecture videos! 🙂

[aishabasir]

Thank you very much John! 🙂

[aishabasir]

Thank you very much, John 🙂

[aishabasir]

Ahh I see. Thank you so much for clearing my doubt! 🙂

[aishabasir]

Ehh hahaha sorry about that, I was watching your lecture about inventory, and posting the question about accounting concept at the same time 😀

Got the question from GTG Question Bank.

The answer from the back of the book also states that,

“Statement (i) is not correct because historical cost concept requires that non-current assets be initially recognised at cost. This includes the purchase price, along with other directly attributable costs.”

But, you say that C is the answer, which means statement (i) is correct. Could you please help me explain it more?

Thank you 🙂

[aishabasir]

May I know what book(s) did you use for F4 MYS variant? 🙂

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