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About the comprehensive example in the lecture recording Chapter 9

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › About the comprehensive example in the lecture recording Chapter 9

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • May 22, 2014 at 3:12 am #170024
    zhaoyunyi
    Member
    • Topics: 21
    • Replies: 6
    • ☆

    https://opentuition.com/acca/f7/group-accounts-comprehensive-example/

    Dear Mike,
    I just watched your recording showing above, and I have some questions about it.
    1. How come the deferred consideration(31750) doesn’t shown in D’s receivables? I cancelled this out when I did this question.
    2. When you charge the 1750 as a finance charge in A (W3), why there is not an investment gain in D of the same amount?

    THANKS

    May 22, 2014 at 11:12 am #170080
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23335
    • ☆☆☆☆☆

    The deferred consideration is not payable to Danute and that’s why it isn’t in the Danute Receivables. Similarly, Danute has nothing to do with the deferred consideration unrolled discount.

    The money will be paid to the former shareholders of Danute who have sold their shares to Ausra

    May 22, 2014 at 12:33 pm #170091
    zhaoyunyi
    Member
    • Topics: 21
    • Replies: 6
    • ☆

    OH I see…THanks a lot Mike!

    May 22, 2014 at 3:29 pm #170135
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23335
    • ☆☆☆☆☆

    You’re welcome

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