• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

financial asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › financial asset

  • This topic has 2 replies, 2 voices, and was last updated 11 months ago by Stephen Widberg.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 21, 2021 at 6:55 pm #629051
    kennigara
    • Topics: 181
    • Replies: 242
    • ☆☆☆

    ? took it from Kaplan study text understanding 8

    On 1 January 20X1 Magpie lends $2m to the supplier
    the loan will be repaid in two year’s time
    it is measured at amortised cost
    market interest rate is 8%
    accounting entries 31 december 20×1

    solution
    2*(1/1.08^2)=1.71

    Dr FA-1.71
    Dr P/L-0.29—-when we debit P/L what it is considered Impairment(loss allowance)?????
    Cr Cash-2

    thanks in advance

    July 21, 2021 at 6:58 pm #629052
    kennigara
    • Topics: 181
    • Replies: 242
    • ☆☆☆

    Dear Tutor i did not copy the question i changed it.

    July 22, 2021 at 7:11 am #629072
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2531
    • ☆☆☆☆☆

    I think the Dr to P&L is of the SUBSTANCE of an extra purchase cost – so I would Dr COS

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • ben920331 on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Viktoriia.Yanchuk on The Statement of Financial Position and Income Statement (part d)
  • John Moffat on The management of receivables – Simple settlement discount – ACCA Financial Management (FM)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy