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- April 16, 2015 at 10:04 am #241509
Dear Teacher Mike 🙂 It is Elizabeth again.
I have a problem with the unrealised profit question. And it is exactly same as the Oscar’s question 2. In order to prevent to open a new post so I posted here to ask teacher.
I think Oscar meant when we have Unrealised Profit – Downstream transaction,
Why we need to credit the investment in associate as the follow double entry for downstream transaction?
DR Cost of Sales
CR Investment in associate* it was extracted from BPP pg324, section 4.6.
Wishing teacher Mike has a nice day.
Regards
ElizabethApril 13, 2015 at 2:58 pm #241154Thank you very much to Teacher Mike.
December 1, 2013 at 1:12 pm #148824Hi Guys,
I am doing P1 December sitting too, I would like to join yours group if possible.
my email address: alicetangww@hotmail.com
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Viewing 3 posts - 1 through 3 (of 3 total)