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Acca f3-FFA

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Acca f3-FFA

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • December 14, 2016 at 2:38 pm #363667
    aviisha
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    Question 6 in the practice test,
    Rent in arrears at start(2007) should not be substracted?

    December 14, 2016 at 4:00 pm #363682
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    It is rental income, and so the rent in arrears at the start of the year should be subtracted from the cash received during the year in order to get the income for this year. This is what is done in the answer, which is correct.

    December 16, 2016 at 4:36 am #363829
    aviisha
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    Thank you for clearing my confusion.

    December 16, 2016 at 7:55 am #363836
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    You are welcome 🙂

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