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Chapter 10/example 1

This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.

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August 15, 2016 at 3:32 pm #333330
voudouri
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W3 b/f
Per question. 530000. 351000
Please explain me how we calculated these nunmbers
August 15, 2016 at 8:05 pm #333401
MikeLittle
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This is NOT an extract from chapter 10 example 1
Please try again to get the correct reference
🙁
August 15, 2016 at 9:32 pm #333413
voudouri
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Sorry, chapter 10/example 7
August 15, 2016 at 9:44 pm #333416
MikeLittle
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‘Per question. 530000. 351000’
If it’s $600,000 at the end of the year and $70,000 was retained IN the year, then it must have been $530,000 brought forward
Now you try to work out the rationale for the $351,000!
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