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Hi
Hope someone can guide me on thisWhen I copy and past the FS in to the spreadsheet to perform analytical procedures. The formulas are giving wrong answers
Can someone explain why this is happening please.Revenue 725,000 650,000
Cost of sales (463,000) (417,500)
Gross profit (1,000) –
Other income – rental income 200 150
Operating expenses (250,000) (225,000)
Operating profit (1,000) –
Net finance cost (1,000) (1,000)
Profit before tax – –
Income tax expense (1,500) (1,000)See here for ACCA’s videos https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/cbe-practice-platform-support.html
There is also a link to a CBE guidance document (pdf) at the bottom of the page.
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