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Internal accounts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Internal accounts

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • Author
    Posts
  • September 25, 2018 at 11:50 am #475702
    shafvan
    Member
    • Topics: 7
    • Replies: 3
    • ☆

    This question is taken from PART F: preparing basic financial statements, chapter 20 – preparation of financial statements for companies; from interactive text page no: 358; sorry it’s a lengthy question to type, so I’ll give the header of the question.

    The accountant of Zabit Co has prepared the following trial balance as at 31 December 20X7.

    The doubts in this question’s answer lie in the SPL account of Zabit Co.
    I didn’t get how they got $26,000 for profit on disposal of the plant.

    Please help me out of this.

    September 26, 2018 at 6:28 am #475752
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51529
    • ☆☆☆☆☆

    I am sorry, but I do not have the interactive text – only the BPP Revision Kit.

    (I assume you have watched my free lectures on depreciation?)

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