[pagermm]

Sorry, I can’t get it. What is the double entry for this ? eg, there is a gain in equity change.

[pagermm]

capitalised, it still can be called operating lease?

[pagermm]

thank you very much

[pagermm]

1. why option 2 is not
Dr convertible debt1848
Dr option reserve 152
CR share capital 2000?
why CR share capital 2152
2. and why option 1 not
Dr convertible debt 1848
Dr option reserve 152
CR bank 2000?

[pagermm]

Thank you very much. 🙂

[pagermm]

Dear Mike,

Sorry, still not get it. you mean V 50-30 (divdend paid out)=20

I think 20 should add div rec ( come from N) 20 * 0.6=12

in that case 32+60% * 19.3=43.58 not 31.58

I mean it is in your p2 notes Page 7. But it is F7 content, recap for P2. 🙂

[pagermm]

Very clear explanation. Thank you so much

[pagermm]

@ tejot

Can you share us your experience:
(1) How much of time do you spend on P2? every week how many hours?
(2) Are you accounting major related students?
(3) Are you working when you prepared for P2? or still a student?

Thanks.

[pagermm]

thank you very much

[pagermm]

Dear Mike,

I found your way to do this , is the easiest to understand. There are other way to do it, but seems difficult to understand.

I only wonder, if I do exactly this way, will get partial mark from examiner, if I didn’t get final figure right ( like say , forget some adjust)?

[pagermm]

thank you so much

[pagermm]

From the question , the acquisition date is 31 Mar 2011. The statements of financial position is given on 31 Oct 2011.

but in 1. it says, all of this inventory has been sold before the year end. What date is year end?

Can we consider all sold out before 31 Oct 2011 or year end 31 Dec 2011?

(2) if all inventory has not been sold out , then what do you?
in your way of doing in all the examples,

Need to adjust the per Q by deduct $16000?

[pagermm]

Thanks. If the question changes to All interest due on the loan notes as at 31 Mar 2012 has NOT been paid and received.

Does it change anything?

For my understanding, for retained earning, it means not recorded at P, S’ book. So we need to adjust amount 275,000 ?

[Author]

Posts