[trang.quynh]

I would like to join the class, too. Thanks in advance.

[trang.quynh]

Hi,
I would like to joint the group
Pls tell me what is the next session on this 23/01.
Many thanks

[trang.quynh]

– PUP=(6/15)*5=2m
– Inter-company trading: P: Payables = 7m; O: Receivables = 11m
We need to adjust in O in order to the current accounts agree.
DR Cash in transit 4 (haven’t received by P)
CR Receivables 4
—> Now Receivables of O is 7m
Hope this help

[trang.quynh]

@MikeLittle
The issue Wardak asked is about deferred consideration, not deferred tax, coz in the Q, note (vi) is Ignore deferred tax.
@Wardak
The way to calculation you asked is that (18,000*$2.42)/ (1+10%)^2. (rate=10% and year=2).
Hope this help
Normally, in the Q will give us the value of (1+10%)^2=1.21.

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