• 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 >>

Kaplan Kit Qs 153

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Kaplan Kit Qs 153

  • This topic has 4 replies, 3 voices, and was last updated 7 years ago by lg88.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • July 23, 2017 at 4:41 pm #398246
    fatimariaz1
    Member
    • Topics: 4
    • Replies: 1
    • ☆

    In the solution to this qs they have not added the specific allowances in statement of P/L, they’ve taken the allowances as the current year’s allowances and subtracted from last year’s to calculate the inc/dec( I did this part too)

    What I’m confused about is that why have they not added specific allowances in the statement of P/L because in the rest of the questions they have.

    July 24, 2017 at 8:48 am #398319
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    I am sorry but I only have the BPP revision kit, and so without being able to see the question I can not help you.

    July 24, 2017 at 8:58 am #398324
    fatimariaz1
    Member
    • Topics: 4
    • Replies: 1
    • ☆

    1.For calculating the charge/credit to SOPL for irrecoverable debts exp we will add written off debts to specific allowances first, and then subtract the inc/dec of allowance..

    2. This year’s allowance included specific and general allowance, if not both, any one will be given, that we’ll take?

    July 24, 2017 at 9:32 am #398342
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    1. I have no idea why you want to add written off debts to specific allowance – it would make no sense.

    2. It depends on the question – you would normally be told about any specific allowance and would be expected to calculate the general allowance yourself. The total allowance is the two added together.

    Have you watched my free lectures on irrecoverable and doubtful debts?

    September 2, 2017 at 8:51 pm #405066
    lg88
    Member
    • Topics: 2
    • Replies: 10
    • ☆

    Sorry this is a bit late but I haven’t been logged on in a while.

    The question asks the total charge to the P&L in regard to the info given so the charge to the P&L is the irrecoverable debt for the period plus the change in allowances.

    Irrecoverable debt was $8,900.
    The previous allowance was $5,650. The new allowance is $3,516 therefore movement is $2,134. Movement has been reduced by $2,134 ie a credit.

    $8,900 – $2,134 = $6,766 charged to the profit and loss.

    To be honest I haven’t been able to follow some of the explanations given in Kaplan very well and had to work it out on my own.

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 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

  • John Moffat on Activity Based Costing part 1 – ACCA Performance Management (PM)
  • Shabi on Activity Based Costing part 1 – ACCA Performance Management (PM)
  • Ark1 on Variance Analysis (part 4) – ACCA Management Accounting (MA)
  • EricObi on IAS 37 – Best estimate – ACCA Financial Reporting (FR)
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT

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