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Please can you help me with F7 June 2008 question 2, I don’t really know how to answer the question most of the published account questions I have been doing start with the TB and I am really struggling with the question where you restate from a draft set of accounts. Please can you do a video on how to answer this type of question.
Thanks for your time.Hi – I don’t see a major difference between a “trial balance” question and a “draft set of financial statements” question. Surely, the draft set is simply a trial balance in “nearly” final format. Imagine you are the auditor and during the audit you discover a number of matters which need adjustment in the draft fin stats.
Is that any different than putting through adjustments to a trial balance and then preparing a set of fin stats?
If there is a difference, I’m sorry, but it’s not obvious to me 🙁
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