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IAS 8 … Errors

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 8 … Errors

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 21, 2014 at 10:59 pm #195814
    theresaarabaughe
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Using BPP text, (page 114) example on errors please why is tax on inventory accounted for in error, deducted from prior period tax rather than added?
    My expectation was that it will be added since its a shortfall in revenue which wasn’t taxed.
    Kindly held clarify!

    September 23, 2014 at 4:45 pm #196066
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Hi – I have a problem with your question – I don’t have in my possession, nor do I have access to, a BPP text.

    You’ll need to give me fuller details about the question

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