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BPP 20 Malright

This topic has 1 reply, 2 voices, and was last updated 8 months ago by John Moffat.

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May 30, 2024 at 3:33 pm #706256
iamcjjj
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Hi, I’m working on BPP revision kit and get stuck on 20.1. Why is allowance for receivables, at 1 November 2016 ON SOFP? I understand only allowance for receivables at 31 October 20×7 shall be included. Is the answer incorrect?
May 30, 2024 at 4:15 pm #706260
John Moffat
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It is a mistake by BPP.
The allowance for receivables at 1 Nov 206 will not already on the SOFP.
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