[rhythm]

Hi John,

In the above-mentioned question, while calculating initial working capital at the start:

why didn’t we take 70% of the inventory (i.e. 2380 as we calculated it for asset-based valuation as well) as it is mentioned in the other information?

[rhythm]

On 31 March 2015, one-quarter of the 8% loan notes were redeemed at par and six months’ outstanding loan
interest was paid. The suspense account represents the double entry corresponding to the cash payment for the
capital redemption and the outstanding interest.

[rhythm]

Is there any chance of Conceptual framework part coming in section C?

As a separate question?

[rhythm]

OK! Thank you so much

I’ve got my exam tomorrow….any last minute Tips ? (revision wise?)

Thank you.

[Author]

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