• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
OpenTuition | ACCA | CIMA

OpenTuition | ACCA | CIMA

Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Forums
  • Search
  • Register
  • Login
  • Latest
  • ACCA
  • Ask ACCA Tutor
  • OBU
  • CIMA
  • Ask CIMA Tutor
  • FIA
  • Buy/Sell
  • Qualified
  • Forum Rules

Inventory &Ias 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Inventory &Ias 2

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 5, 2020 at 2:26 am #556847
    vishnutv
    • Topics: 34
    • Replies: 30
    • ☆☆

    Example 3 of your lecture note of chapter inventory & ias 2
    In inventory account there opening inventory 4000 previous year why are you crediting it ?
    debiting closing inventory 6000

    January 5, 2020 at 9:24 am #556852
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 41628
    • ☆☆☆☆☆

    To remove the opening inventory and then to create the closing inventory.

    I do explain this in my lecture where I work through the examples.

    (I hope that you are not using the lecture notes without watching the lectures that go with them. That would be pointless because they are lecture notes and it is in the lectures that I explain and expand on the notes. If you are not watching the lectures for any reason then you need to buy a Study Text from one of the ACCA approved publishers and study from there.)

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA Exam Results – Comments

ACCA PM December 2020 Exam Results ACCA TX December 2020 Exam Results ACCA AA December 2020 Exam Results ACCA FR December 2020 Exam Results ACCA FM December 2020 Exam Results ACCA SBL December 2020 Exam Results ACCA SBR December 2020 Exam Results ACCA AAA December 2020 Exam Results ACCA AFM December 2020 Exam Results ACCA APM December 2020 Exam Results ACCA ATX December 2020 Exam Results

Donate

If you have benefited from our materials please donate

Donate now

You can also "donate your time" and help out other students on the Students Forums

Specially for OpenTuition students

20% off ACCA Books

Get BPP Discount Code

Latest comments

  • Ken Garrett on Strategic planning models – CIMA E3
  • Ocean2k20 on Sales Tax (part b) – ACCA Financial Accounting (FA) lectures
  • Nhlingo007 on Strategic planning models – CIMA E3
  • Phumzile on Activity Based Costing part 1 – ACCA Performance Management (PM)
  • Mink on Borrowing costs – net borrowing costs – ACCA Financial Reporting (FR)

Users Online Right now

288 Users Online

Copyright © 2021 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy