[KUMAR2810]

Yes sir. I am planning to do – 13 SBL paper on the ACCA practise platform + open tution case study (only 4 of them will be given under exam condition and rest 10 try to understand and draft the best point and learn from them)

WILL THIS BE enough practise?

[KUMAR2810]

yes sir understood your explanation but what if inventory wasn’t stolen or damaged but instead the value of closing inventory held decreases for some reason what happens then? then the decrease in the value of inventory how is that accounted for is the decreased value shown in the closing inventory or the original value

EXAMPLE – closing inventory worth 10000 was held by the business it was later found out inventory worth 2000 can only be sold for 500

So will 10000 be shown as closing inventory and 1500 be subtracted from gross profit

or is the 8500 shown as closing inventory?

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