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Dear Sir
I am planning to sit for financial reporting exam on Sep 2018. But my Revision kit is valid up to June 2018. So is there any need to purchase the updated one due to exam format change or change in the syllabus?Kind Regards
Hi,
The only change to the syllabus is that the preparation of a cash flow statement using the direct method has been removed.
Your revision kit will therefore cover the necessary technical knowledge required to pass the exam.
Thanks
so is it okay to study from the study text that up to June 2018 to sit the exam in September 2018 except of course what you mentioned about the preparation of a cash flow statement?
Sir, I have a doubt in a question where it provides following figures of unadjusted trial balance:
Shop equipment at cost Debit $42,750
Shop equipment Accumulated. depreciation Credit $13,500
Motor vehicle at cost Debit $20,600
Gain on sale of vehicle Credit $1,006
Motor vehicle Expense Debit $2,384Calculate and post the depreciation2018 into the adjusted trial balance with the following information:
• The shop equipment was purchased on 1 April 2015 for $42,750 and is being depreciated on a straight-line basis over 5 years with an estimated residual value of $12,750
.
• A new business vehicle was purchased on 1 September 2017 and will be depreciated using a 30% diminishing-value rate with nil residual value.Sir, can you please tell me the adjusted trial balance.
@vazhoor said:
Sir, I have a doubt in a question where it provides following figures of unadjusted trial balance:
Shop equipment at cost Debit $42,750
Shop equipment Accumulated. depreciation Credit $13,500
Motor vehicle at cost Debit $20,600
Gain on sale of vehicle Credit $1,006
Motor vehicle Expense Debit $2,384Calculate and post the depreciation2018 into the adjusted trial balance with the following information:
• The shop equipment was purchased on 1 April 2015 for $42,750 and is being depreciated on a straight-line basis over 5 years with an estimated residual value of $12,750
.
• A new business vehicle was purchased on 1 September 2017 and will be depreciated using a 30% diminishing-value rate with nil residual value.Sir, can you please tell me the adjusted trial balance.
Sir the year ending is 31-03-2018
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