[FajarP]

Okay thanks.

[FajarP]

Okay thanks sir. So the solution given is incorrect, right?
The investment income in the Csop/l will be, 500+400*9/12-500-200= 100k. Am i right?

[FajarP]

Okay. Thank you sir.

[FajarP]

Okay. The Intra group loan interest will be adjusted from the Interest expense and investment income of the group entities. Only the items which are not cancelled out is adjusted to the subsidiaries profit to compute the Nci share?
So, only the purp, impairment and excess Fv depreciation should be adjusted to the sub’s profit while calculating the profit attributable to Nci?

[FajarP]

Thanks sir. I have watched your lectures.

[FajarP]

Okay, Thanks sir.

[FajarP]

Okay, got it. Thanks.

[FajarP]

Okay, Thanks.

[FajarP]

Sir, do they have to repay 400k? Shouldn’t the non current liability then be 400k?
How does the entry balances?
Dr Cash 380k
Cr. Loan 400k

[FajarP]

Thanks John. Got it.

[FajarP]

Hi,
here’s the link
https://opentuition.com/topic/suspense-account-mock-test/

I have watched all your FA lectures sir.

[FajarP]

Thanks John.

But I saw other thread with a similar question,

2) One page of transactions from the sales daybook with a total of $360 has been posted to the general ledger, but has not been posted to the sales ledger

After correcting these errors what should the balance on the suspense account be?
2304 Cr

And you replied as,

As far as the second error is concerned, the 360 should have been debited to the receivables account for the customer in the sales ledger but has not been. So to correct it, debit the account in the sales ledger and credit the suspense account.

So the final balance on the suspense account is 1944 + 360 = $2,304 credit.

So got confused.

[FajarP]

Thanks John.

[FajarP]

Is the Answer A cost of sales or B sales revenue?

[FajarP]

How does inventory wastage affect cost of goods sold? Can you please explain why other options are not valid. I’m confused. Thanks.

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