Skip to content
Sign inRegister

Ask the Tutor ACCA SBR

IAS7 (Chapter 8) - Example 3

Sselogilweg8y ago
Why is the opening balance for Payable on the answer stated as 67 and not 70. Also the closing figure are different. Extract is showing 85 and the answer 90
P2-D2P2-D2Tutor8y ago#1
Hi, Thanks for spotting this. Yes, the opening balance should be 70, the closing 85 and then the movement would then be 12. I'll update it in the next set of class notes. Thanks
Sign into reply to this topic.