[Fazoul]

anyone knows when will the papers be available online?????

When u get it, don’t 4get to share the link….thnksss

[Fazoul]

Hong….

Note 5…u r rite….there a depn which i forgot to charge….

Note 6….i credited payables because i saw the words “payment to cp were still accrued!!!”

[Fazoul]

Dushina….ohhhh…i did not notice this catching point….yup u r rite zen…should have charged depn for the 3 months…:(

[Fazoul]

before exam ends..I did manage to copy my answers for consolidation

my balance sheet balanced by $8822.6
Group R.Earnings $3447.6
Group OCE $257
NCI-margy $647.9
NCI-hulty $258.4
Goodwill-Margy $56
NCI-Hulty ($10)

NOTE 5-CP
I split the profit in to half and calculated CP’s share of sales and gross profit
I deducted them from group R.E and added to payables $0.7 ($0.45+$0.25)

NOTE 6-ASSET HFS
comparing carrying value($14) to Recoverable cost($15.9)

disposal proceeds – 15.6
carrying value – (14)
disposal gain = 1.6

I credited $1.6 to group R.E and debited $1.6 to receivables

Anyone did same..????

[Author]

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