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Kenduri co June 2013

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Kenduri co June 2013

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.
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  • January 8, 2017 at 1:14 pm #365622
    alpha2006
    Participant
    • Topics: 19
    • Replies: 18
    • ☆

    Hello sir,
    Only transactions between Kenduri Co and Lakama Co are relevant, which are:
    Payment of $4.5 million
    Receipt of $2.1 million

    I was able to calculate the multilateral netting, but could not know how the examiner arrives to these payment and receipt amounts above which stop me to go ahead to the next requirements.

    Pls your help is highly solicited.

    January 8, 2017 at 2:06 pm #365630
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54795
    • ☆☆☆☆☆

    They are both given in the table in the question.

    The first line of the table says that Kenduri owes Lakama $4.5M

    Also, the last line of the tables says that Lakama owes Kenduri $2.1M

    January 8, 2017 at 2:39 pm #365633
    alpha2006
    Participant
    • Topics: 19
    • Replies: 18
    • ☆

    Thanks John Moffat for u being there for us.

    January 9, 2017 at 6:34 am #365713
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54795
    • ☆☆☆☆☆

    You are welcome 🙂

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