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Hello,
Apologies i am probably asking a stupid question. i am doing the mini exercises for Non -current assets and for Q1 in the answers there is OUFL a/c which i am struggling to understand what is stands for !
Can someone help please ?
Can someone help please ?
You’ve posted this on the Ask ACCA Tutor page so I suppose that I’m the “anyone” that you are asking
OUFL a/c is the abbreviation for Obligations Under Finance Lease Account – I believe that I do say this in the leases video lecture
Have you watched that?
Thank you Mike ( and apologies i should have known better).
I haven’t watch the Leases video.. Will refer to them.
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