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vrundansh

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Active 2 years ago
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  • December 6, 2023 at 11:17 am #696224
    Avatarvrundansh
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    Sorry , I am trying to send some sort of table format but when posting the formatting are getting
    lost.

    December 6, 2023 at 11:07 am #696223
    Avatarvrundansh
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    Consolidated SCF – Moys Co Given Corre Disposal of Barham Acqn of Davenport

    Decrease in Inventory 39 30 -16
    Increase in Trade Receivable 7 -14 27 -21
    Increase in trade payable 18 36 -23

    Thank you for above response. I do understand opening – Clos = result trust the sign for Asset group and reverse the sign for liab group

    but lets be honest, ACCA questions are never so simple – and they dont make it easier where in model answer they apply diff techniques ( I am comparing this above techniques with the one with Hill Co)

    I do understand Decrease in inv is opposite to Increase in inventory. However, Increase in receivable and increase in payable are complete opposite but yet when adjusted Disposal and acqn amounts both have same sign. !!!!

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