Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Leonard

Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 7, 2015 at 2:38 pm #231616
    mysteryLeonard
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    Pliz help me how must l record the allowance in the SOPL

    March 7, 2015 at 2:30 pm #231614
    mysteryLeonard
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    opening allowance = 20000+(380000 – 20000)x 2.5% = 9500

    closing allowance = ( 420000 – 28000)x3% = 11760

    SOPL = 9500 – 11760 = 2,260

    Because the difference between the opening allowance less the closing allowance is what we charge SOPL

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)