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I don’t fully understand the difference of workings W3a and W3b from the chapter 10 exercise 5. Would you mind to explain it to me please. Thank you!
From memory, W3A is retained earnings brought forward ie as on the first day of this year’s accounting period and W3B is retained earnings carried forward ie on the last day of the year’s accounting period
This information would be necessary for the statement of changes in equity
However, although you may be asked for statement of changes in equity in a non-consolidation question, you will NOT be asked for one in any consolidation question until you get to P2