- This topic has 1 reply, 2 voices, and was last updated 8 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘Bento June 15’ is closed to new replies.
OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Bento June 15
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.
Yes – it all seems correct 🙂
The balancing figure will be goodwill.