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correction of errors

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › correction of errors

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • November 17, 2014 at 1:55 pm #210718
    AvatarGabriel
    Participant
    • Topics: 1
    • Replies: 5
    • ☆

    i dont understant how the answer on (CHAPTER 17 QUESTION 4) was arrived at. The one on SALE or RETURN goods for $2 500 to James and he returned half of the goods in good condition. the goods having costed $1 500. am thinking the right answer should be option B

    November 17, 2014 at 3:22 pm #210736
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    The answer in the Course Notes is correct.

    As at the year end of 31 October the customer had not accepted any of the goods (that did not happen until November) and therefore as at 31 October there had been no sale and all of the goods still belonged to James.

    November 17, 2014 at 5:23 pm #210761
    AvatarGabriel
    Participant
    • Topics: 1
    • Replies: 5
    • ☆

    thanx very much

    November 18, 2014 at 8:53 am #210883
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    You are welcome 🙂

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