[victorwilson]

Thank you Mr. John

Regards,
Victor

[victorwilson]

Dear Mr. John,

The answer is given as per below:

(20%X(100-60))=

What is calculation of 100/- , though it is not mentioned in question ?

Need your help.

Regards,
Victor

[victorwilson]

Dear Mr. John

In the SOFP is given
Hilton Co Shrew Co

Retained Earnings

As at Jan20X3 140,000 60000

How do i have to calculate 100/- out of it ?

Regards,
Victor

[victorwilson]

Thank you Mr. John,

Regards,
Victor

[victorwilson]

Dear Mr. John

Question Number :25.2

Regards,
Victor

[victorwilson]

Dear Mr. John

Please refer the link :The question 25.2

Regards,
Victor

[victorwilson]

Dear Mr. John

As per your reply No1- based on your lecture exp -7 : During December 2010 s had sold goods to p $ 6000. S sells to P at cost plus 25%. =6000*25/125

1. but as per your answer above the question says : Black sold goods which originally cost $ 12 mil to bury . Blacked invoiced bury at cost plus 40%. Bury still has 30% of these goods in inventory but answer is 12mil*40%*30% why not 12mil*40/140=3.42*30% , why does not apply same formula as per your lecture?

2. In this question says : Black -Parent =ordinary share 100000 Bury -Subsi = 30000 how to figure-out the % of Parents share? what is the calculation?

Need your help

Regards,
Victor

[victorwilson]

Noted Thank you..

[victorwilson]

In addition

While calculation of goodwill:

Total cost of Investment -Total Net asset = Good will

But what if it come negative , meaning Total cost of investment low & total net asset high?

Regards,
Victor

[victorwilson]

Please confirm:-

If this is the one

FIA – FFA – Financial Accounting – Revision Kit 2019

Regards,
Victor

[victorwilson]

Dear Mr. John Thank you for the same..

Please advice the most important as per the below for the exam preparation , as i have completed your lecture notes Aug-2020:-

1. Practice Question from your lecture Sept-2019 to august 2020
2. Past last 10 years papers
3. FIA – FFA – Financial Accounting – Revision Kit 2019
And out of all the important chapters for the exam.

Regards
Victor

[victorwilson]

Dear Mr. John

I did watch .. Its perfectly understand now.

Thank you

victor

[victorwilson]

Dear Mr. John

Total of most resent purchase =500+300=800 and 850-800=50 calculate on opening inventory cost per unit price .I suppose it is correct

Need conformation?

AND

2nd

Opening Asset -Opening liab = Capital or Net asset ?

Regards
Victor

[victorwilson]

Dear Mr. John

As per the soluation of your lecture :

Margin 40%= 15000

Therefore: 15000*60%=9000

Mark up 40% =15000

Therefore 15000*100/140=10714.2

If this is correct

Regards,

Victor

[victorwilson]

Dear Mr. John,

Answer says

(6700+84000-5400)*20%

=17060 Answer

Regards
Victor

[victorwilson]

Mr. John ,

The question says ..

Adjust the allowances for receivable to 5% of receivable which are $20000/- but answer taken 15%

Need advice
Regards
Victor

[victorwilson]

Thanks Mr. John

Regards,
Victor

[victorwilson]

Dear Mr. John,

Could you able to confirm the answer in below link:

FIA -FFA Fiancial Accounting revision kit -2019
5.2 Answer showing -11910

Regards, Victor

[victorwilson]

Dear Mr. John ,

=14250-9600=4650

Opening =4540
Closing= 2720

Therefore :- =4650+4540+2720=11910 Correct answer .Please confirm.

Thanks
Victor

[victorwilson]

In addition, please show the journal entries for Sales tax control a/c or T account ..regards victor

[victorwilson]

Dear Mr. John,

Thank you ,Is it the month of September for exam instead of june-2020?

Regards
Victor

[victorwilson]

Thank you Mr. John..

[victorwilson]

Noted Mr. John with thanks

[victorwilson]

Mr. John

To be more clear , each chapter contains several questions such as

1. Sales tax 5.1-5.8
2.Double entry book keeping -3.1-3.19 and 4.1-.18
3.Inventory-6.1 -6.19

Is that , you are saying ?

Regards Victor

[victorwilson]

Thank you ,

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