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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › 2013 DEC Q1 note ii
Hi sir,
In note ii intra-group purchase is 13m(4+9), but trade receivable and trade payable have not been decreased by 13m, I am confused about it.
If I buy $200 worth of goods from you in September, then pay you $200 in October, what’s the intra-group balance at the year end included in your Receivables and my Payables?
Thanks, I got it.
That’s good! 🙂