- This topic has 0 replies, 1 voice, and was last updated 2 years ago by
.
Viewing 1 post (of 1 total)
- Posts
Greetings sir.
I wanted to understand-
1) The trial balance was of 31 Dec 2008. And only retained earnings were of 31 Dec 2007.
So, why did we have to find the new balance for proceeds whilst it was already calculated in the trial balance.2) Why did we deduct direct cost of £200,000 from loan note if it was already charged to the SPL. So double time charging. What’s the logic behind it ? Secondly, if it was charged to the SPL as it is a cost, why did you add it to Retained earnings in the working instead of subtracting it similar to the interest charge (financial cost) ?
Awaiting your assistance in a detailed generous manner.
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.