[nadir]

Thanks 🙂

[nadir]

Thanks 🙂

[nadir]

Thank you sir 🙂

[nadir]

Thank you Sir

[nadir]

An entity has an outstanding receivables balance with a major customer amounting to $ 12 million and this was factored to FinanceCo on 1 September 20X7. The terms of the factoring were:

FinanceCo will pay 80% of the gross receivable outstanding account to the entity immediately.

* The Balance will be paid (less the charges below) when the debt is collected in full. Any amount of the debt outstanding after four months will be transferred back to the entity at its full book value.

* FinaceCo will charge 1.0% per month of the net amountowing from the entity at the begining of each month. FinanceCo had not collected any of the factored receivable amount by the year end.

* the entity debited the cash from FinanceCo to its bank account and removed the receivables from its accounts. It has prudently changed the difference as an administration cost.

How should this arrangement be accounted for in the financial statesments for the year ended 30 september 20X7???

I am not understanding the question , please explain me the three point (bullet point) in simpler words???

[nadir]

Thanks a lot I got it. 😀

[nadir]

🙁
No I don’t got it. When I made 1.1 to the power of 1, I got 1.1
1.1 to the power of 2 = 1.21

But where do u got 1.1 ?????

[nadir]

What are you talking about here. specify the question number, year, from which book, etc??????

[nadir]

The is risk seeker, neutral, and adverse, see opentuition course notes there are examples on this.

[nadir]

It is found in BPP exam kits number 52 (new edition), in the january 2010 edition it is found in number 45.?????
PLEASE REPLY

[nadir]

download the study guide in the acca website http://www.accaglobal.com there are the changes in it. the book you need to buy them

[nadir]

For the first one I still do not understand it, I am not understanding this part: “at least one-third in the nominal value of the issued shares of the class in question” for the others I understand thanks a lot, only the first one I am not understanding.
PLEASE REPLY

[nadir]

Yes there are lots of changes. u should use the new edition. Have u not read the older post from this forum, this question has already been replied many time, next time read before asking a question

[nadir]

Yes do not remove the lectures, we can use them in the mean time.
Thanks

[nadir]

admin but I need to print the course notes now I start learning, Can I print the one foe F8 and F9 and use them and not using the june 2011 notes for these two???
And for the video lectures can I use these itself??? Please reply 🙂

[nadir]

Don’t mind sir I will check how to answer the second question by myself. thanks a lot for your help……………

[nadir]

Yes I understand but why has he done 60-20 ???
PLEASE REPLY

[nadir]

John can u please explain me for simulation also and give me a simple example of this??? Please reply

[nadir]

Thanks a lot, I have another question I have posted titled as “PLEASE REPLY” can you please give me the answer to the question I did posted.

[nadir]

I have one more question: Generally dividend paid does it enters the Income statement ???
PLEASE REPLY
Thanks in advance

[nadir]

thanks

[nadir]

Yes but you have not still give me the answer for why we take 32 and we minus it with 10???

[nadir]

Mike but you told me that we should reduce net assets at closing date by 22 because it does not meet the criteria of being capitalised but the $18 was capitalised, does $18 also do not meet the criteria of being capitalised???
(2) The first question I asked you is why we take 32 and minus with 10???

[nadir]

Thanks a lot for your help I understand it now. Thanks

[nadir]

Thanks a lot John.

[Author]

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