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Finance Lease – T accounts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Finance Lease – T accounts

  • This topic has 5 replies, 3 voices, and was last updated 9 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
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  • March 7, 2016 at 12:24 pm #304017
    6shahir
    Member
    • Topics: 202
    • Replies: 296
    • ☆☆☆

    Will the examiner asks us to draw T accounts on tax in section b worth for 15m or probably coming as an adjustments in the notes??? Even for tax?

    March 7, 2016 at 1:09 pm #304026
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    No examiner will EVER ask you to draw T accounts. Not ever. Never

    March 8, 2016 at 7:59 am #304289
    6shahir
    Member
    • Topics: 202
    • Replies: 296
    • ☆☆☆

    Thnks for the reply.. adjustments are kind of easy to tackle

    March 8, 2016 at 11:56 am #304349
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    That’s what happens when you practice!

    March 10, 2016 at 5:08 am #305074
    Anonymous
    Inactive
    • Topics: 43
    • Replies: 124
    • ☆☆

    though I think T-accounts make tax adjustment easier to tackle. It’s more intuitive.

    March 10, 2016 at 6:53 am #305107
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    So do I – and that’s why I teach it that way!

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