Finance Lease – T accounts

This topic has 5 replies, 3 voices, and was last updated 10 years ago by MikeLittle.

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March 7, 2016 at 12:24 pm #304017
6shahir
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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
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No examiner will EVER ask you to draw T accounts. Not ever. Never
March 8, 2016 at 7:59 am #304289
6shahir
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Thnks for the reply.. adjustments are kind of easy to tackle
March 8, 2016 at 11:56 am #304349
MikeLittle
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That’s what happens when you practice!
March 10, 2016 at 5:08 am #305074
Anonymous
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though I think T-accounts make tax adjustment easier to tackle. It’s more intuitive.
March 10, 2016 at 6:53 am #305107
MikeLittle
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So do I – and that’s why I teach it that way!
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