- This topic has 1 reply, 2 voices, and was last updated 5 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Basis period
Having tough time getting this 2nd year rule..i was pretty clear through a flow chart and doing examples as well but right now i am confused when i go through the question “Is there a period of a/c ending in the 2nd year?” and when i go for ‘YES’ it asks, ‘how long is the period of a/c?’ Now this confuses me which ‘period of a/c’ does it mean because normally accounting period tend to be 12 months itself? Is there a better way to get this conceptually??
The opening accounting period is very unlikely to be 12 months! Have you watched the lecture where we go through examples?