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Example 7 – Chapter 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Example 7 – Chapter 3

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by Georgiana.
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    Posts
  • April 2, 2024 at 6:36 pm #703593
    Georgiana
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Good evening. have a question please, on example 7 of Chapter 3 (last video). I am not sure I understand why the income for property B is only 2,500. The annual rent is payable quarterly in arrears, meaning that the rent for the quarters 2, 3 and 4 is received. Or maybe I am calculating t wrongly. Thank you!

    April 3, 2024 at 10:06 am #703605
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Property B – the rent is paid annually so the rent received is a proportion
    30/9 and 31/12 not 1/4

    April 3, 2024 at 6:17 pm #703619
    Georgiana
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Thank you!

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