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Chapter 31 example 1 part b

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Chapter 31 example 1 part b

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 6, 2015 at 2:20 pm #265890
    Prageeth
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    Dear sir,

    would you explain me why the full fair value increase of newly born calves are included in the statement of profit and loss and at the same time included in the balance sheet by the same amount.

    August 6, 2015 at 4:02 pm #265907
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Let me ask you this ….

    …. in the first year of a company and the company charges depreciation on its assets, why is the depreciation charge in the statement of profit or loss the same as the provision for depreciation in the statement of financial position.

    Answer that one for me and then see if you can’t solve your own question.

    If you still can’t, post again and I’ll explain it for you more simply

    August 7, 2015 at 4:08 am #265979
    Prageeth
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    Thank you sir I understood.

    August 7, 2015 at 6:05 am #265983
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Good – and I think it’s preferable for you to work things out for yourself if I point you in the right direction 🙂

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