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Bento June 15

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Bento June 15

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 23, 2017 at 3:34 pm #383228
    mansoor
    Participant
    • Topics: 424
    • Replies: 542
    • ☆☆☆☆

    Good morning sir

    even tho it is not asked for in the question, i wanted to prepare (for the sake of practice) SOFP after the sale by incorporating all the notes.

    and i get the following figures:

    Assets
    NCA – 53040
    CA – 12300
    Balancing figure – 2560
    Total===67900

    Equity/liabilities

    Equity —– 10,000
    8% loan — 30,000
    6% loan — 20,000
    payables — 7900
    Total=== 67900

    if the above is correct, what do we call the balancing figure?

    thank u

    ps: Q1 in march exam was something like this with a whole bunch of notes etc.

    April 23, 2017 at 4:36 pm #383239
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54721
    • ☆☆☆☆☆

    Yes – it all seems correct 🙂

    The balancing figure will be goodwill.

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    Posts
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  • The topic ‘Bento June 15’ is closed to new replies.

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