[arslaankhalid]

@mynameisearl said:

Also I didn’t treat the investment property correctly. I depreciated it and put a gain to oci in error.

I put the remeasuremt as a gain to oci but was it a gain? I also Inc the oci for ginny to profit but don’t know if I should have ignored that.

Yeah, me too. I depreciated it and placed the gain to OCI. ): Seems quite a few students fell into this trap.

Yeah, the re measurement gain was a gain as per the question. I just Cr it to OCI.

[arslaankhalid]

@aamir300 said:
I think no. Because order was 10,000 units. He has delivered 6,000 units with fault. The point you need to remember that both parties agreeed to adjust credit note in future payments. It means they will not adjust in sale al ready been made. So next 7,000 units cross the limit of order. Then 1st 4,000 x (1,000-40) & next 3,000 x (1,000-40-50) assume that the customer has ordered more even fault in product.

Yeah, I did exactly the same thing.

[arslaankhalid]

@dannyw1984 said:
Did anyone else say that a degrouping charge wasn’t needed in question 2 as the Zorro building had been sold to A Ltd – which wasn’t the company being sold

DG only occurs when the sale of the shares of a company happen within 6 years of receiving an asset – which doesn’t apply to company A.

Yeah, that is what I put aswell.

Although, there was no mention of Z Ltd being a trading company, I have just had a look at the March/June paper on the ACCA website, and it states in the opening paragraph:

“A Ltd and Z Ltd are both UK resident companies paying corporation tax at the main
rate.”

Does that imply that Z Ltd is a trading company?

[Author]

Posts