[M.Haris]

For accrual and prepayment I have completed all the questions in the kit, but I am not able to understand this question. Can you please explain this question that why we are adding 12300 and 13400 and subtracting 6700 and 5400

[M.Haris]

Why we accounted for allowance in receivables account as the movement is only accounted in irrecoverable debt account

[M.Haris]

Ias 16 says that if one item in a class of asset is revalued,all the assets in that class must be revalued so why statement 1 is false

[M.Haris]

1 An accountant wishes to select a sample of sales invoices to check their accuracy. She wants the sample to be as unbiased as possible. She also wants to ensure that some invoices are chosen are from each month of the wear. Which method of sampling is MOST appropriate? Quota Random,stratified,cluster

2,The following statements set out to explain why it is necessary to distinguish between production and non-production costs. Are they true or false?

To facilitate the valuation of inventory

To establish period costs

[M.Haris]

If buffer inventory is given in the question will we add that in cost of holding formula

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