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Note given in requirement section of adjusting profits questions

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Note given in requirement section of adjusting profits questions

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by sidrajam.
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  • May 23, 2015 at 8:45 pm #248228
    sidrajam
    Member
    • Topics: 28
    • Replies: 13
    • ☆

    Hello,

    In many questions I did if my F6 kit, there is note in requirement section of “adjusting profits” saying:

    “Your computation should commence from with operation profit $XXXX”

    Will this be mentioned in exam where required or I should know if I shall start from bottom or top?

    Thanks in advance.

    May 24, 2015 at 3:11 pm #248433
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The question should state the figure of profit from which to start the adjustment process but routinely this will be from net profit not gross profit

    May 24, 2015 at 3:12 pm #248434
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The question should state the figure of profit from which to start the adjustment process but routinely this will be from net profit not gross profit

    May 24, 2015 at 10:02 pm #248681
    sidrajam
    Member
    • Topics: 28
    • Replies: 13
    • ☆

    Okay, Thanks for helping!

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