• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA Books

Books for Sept'23 ACCA exams
Get your discount code >>

ACCA June '23 Exams

Instant Poll
Read & post comments >>

New! Ask ACCA AI Tutor

Post your questions
& get instant answers >>

CIMA F2 – Chapter 11 example 10

Forums › CIMA Forums › CIMA F2 – Chapter 11 example 10

  • This topic has 2 replies, 3 voices, and was last updated 1 month ago by zeinthpaul.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • April 21, 2023 at 2:49 pm #683313
    chrisj1
    Participant
    • Topics: 6
    • Replies: 29
    • ☆

    Please could someone tell me what I’m doing wrong. After making the adjustments on chapter 11 example 10 I get the below.

    PPE – 17,000
    GW – 600
    Inv – 6,400
    Rcv – 9,000
    Bank – 3,500
    37,000

    Equity – 11,000
    RE – 16,200
    NCI – 4,800

    Liabilities – 6,000
    38,000

    April 23, 2023 at 9:09 am #683381
    chrisj1
    Participant
    • Topics: 6
    • Replies: 29
    • ☆

    I realise my error now – 1000 Inv

    April 26, 2023 at 4:03 pm #683577
    zeinthpaul
    Participant
    • Topics: 0
    • Replies: 1
    • ☆

    I would need more context to be able to determine what adjustments you are referring to and what calculation you are attempting to make. However, based on the information you have provided, I can see that the total of your assets is 37,000, and the total of your liabilities and equity is 38,000. This implies that your balance sheet does not balance and there is a difference of 1,000.

    To identify the error, you need to carefully review the adjustments you have made and ensure that they have been correctly reflected in the financial statements. Check that you have not omitted any figures or made any errors in calculation or data entry. Once you have identified the error, you can make the necessary adjustments to ensure that the balance sheet balances. For more information visit Exams4sure.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

Changes to the SBL exam from September 2023

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

 

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • kish200 on The cost of capital – The cost of equity – ACCA Financial Management (FM)
  • anusha1995 on PM Chapter 12 Questions Quantitative analysis in budgeting
  • John Moffat on Financial management objectives – ACCA Financial Management (FM)
  • John Moffat on FM Chapter 15 Questions Test 2 – The valuation of securities – theoretical approach
  • John Moffat on FM Chapter 4 Questions – Management of working capital (2) – Inventory

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy