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In a group account question, One of the requirements is to compute Equity. I am confused. Is NCI part of equity or liability? Please educate me. Thanks
My question is not on this topic please. sometime ago you recommend some management accounting text books. i try to remember the names but i couldn’t. i don’t know the are on this site where i can locate it. Kindly detail me about the book.
According to your workings in the video sir, 681-109=572+200(additional tnca)=772-110(reval.)=882-832(close bal)=50 depr.
From d above where from d question is 110 for revaluation?According to your workings in the video sir, 681-109(sold)=572+200(additional tnca)=772-110(reval.)=882-832(close bal)=50 depr.
From d above where from d question is 110 for revaluation? I know is either question states the revaluation of 110 or there’s info related to 882 in d question.For o/d cash bf is 81 and cash&equivalent cf is 17+32 =49. Where’s od of 60 treated?
Thank you sir. I think you are not wrong with your guess. Your guess is exactly what I guess too. This is exactly question 2 of The Institute of Chartered Accountants of Nigeria (ICAN), the professional body in Nigeria, Financial Reporting May 2015 diet. I only change Naira (#) and Kobo (k) to Dollar($) and cent (c) to fit your domination.
Some of my colleagues are arguing the question is correct but I insisted. That is the reason why I posted the question sir.
Anyway I am waiting for their solutions that will be publish very soon. I will keep you informed
I happen to be one of your students online and I use your online materials very well. I appreciate your efforts and your materials are invaluable to both students and tuitors.Again, thank you very much sir.
