[mhtacca]

Year 2 obviously

[mhtacca]

To correct receivables fraud:
Dr Opening Retained earnings 450
Cr Trade receivables 450

Dr Current year Expenses 250
Cr Trade receivables 250

For SOFP:
T.R -7000
R.E-450

[mhtacca]

I just ticked the number in the front page of booklet, shaded 1 2 3 points and wrote ’16 ”17 ”18′ in each answer page respectively…hope this would be ok

[mhtacca]

God the tansfer pricing question gets me so confused…and I really should review the examiner’s report as the last MCQ is almost identical to the one highlighted on the report!

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