[fm444]

Hi,
Could you please explain me why we are getting 1.2m as present value and it multiple by 1.08? i dont understand it.
Thank you in advance,

[fm444]

Sir, pls expain the question number 34.4 and 34.6 from Mixed bank 6 (BPP Revision Kit).
Thanks in advance ?

[fm444]

The debit side of a trial balance totals $800 more than the credit side.

Which one of the following errors would fully account for the difference?

A. $400 paid for plant maintenance has been correctly entered in the cash book and credited to the plant asset account.

B. Discount received $400 has been debited to discount allowed account

C. A receipt of $800 for commission receivable has been omitted from the records

D. The petty cash balance of $800 has been omitted from the trial balances

What is the second approach to such questions sir?

[Author]

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