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

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

incomplete records

Forums › FIA Forums › FA2 Maintaining Financial Records Forums › incomplete records

  • This topic has 3 replies, 3 voices, and was last updated 10 years ago by alihussain.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 23, 2015 at 8:07 pm #223588
    fahim khan
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    i need some easy way to calculate incomplete records.can u assist me ??

    June 11, 2015 at 2:37 pm #256386
    alihussain
    Member
    • Topics: 3
    • Replies: 15
    • ☆

    question
    during 2007 a company had gp of 90000 on sales of 250000.during 2008 its sales were increased by 25% and gp percentage decreased by 6%,and its purchases were 198750 witch were 20% more than the previous year.its inventory on 31 dec 2008 was 80000.
    what was its inventory on 31 dec 2007?
    a. 90000
    b. 98000
    c. 110000

    i got no answer from the above given answers.
    my answer was 88000 .is this true or not?
    sir plzzz help me……

    June 11, 2015 at 7:18 pm #256472
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 3
    • ☆

    2007 GP% = 90/250 = 36%
    2008 GP% = 36 – 6 = 30%
    2008 sales = 250,000 x 1.25 = 312,500
    2008 GP = 312,500 x 30% = 93,750
    2008 CoS = 312,500 x 0.7= 218,750

    CoS = OS + Purchases – CS
    218,750 = OS + 198,750 – 80,000
    OS = 218,750 -198,750 + 80,000 = 100,000

    I don’t get answer a, b or c

    June 12, 2015 at 11:28 am #256568
    alihussain
    Member
    • Topics: 3
    • Replies: 15
    • ☆

    thank you for the answer…..

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis
  • acowtant on Changes in group structure – examples – ACCA SBR lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in