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Adjustment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Adjustment

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.
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  • January 21, 2016 at 9:49 am #296876
    Abror
    Member
    • Topics: 75
    • Replies: 38
    • ☆☆

    Good morning Mr John…
    Net profit was calculated as being 10200.It was later discovered that capital expenditure of 3000 had been treated as revenue expenditure , and revenue receipts of 1400 had been treated as capital receipts.
    What is the net profit after correcting this error…
    Could you solve this question , please…Thank you.

    January 21, 2016 at 10:43 am #296886
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54804
    • ☆☆☆☆☆

    10,200 + 3,000 + 1,400 = 14,600

    (Although I don’t know why you are asking since whatever book you found the question in should also have an answer – if it doesn’t then you should be using a different book 🙂 )

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