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OKM CO

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › OKM CO

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarJohn Moffat.
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  • March 31, 2018 at 4:50 pm #444334
    Avatarhumai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Hello

    Sir in OKM CO question june 2010, the tax was payable in arrear and examiner has taken first tax effect at year 2, so here it is assumed that first cashflow has occurred on the 1st day of accounting period na?

    April 1, 2018 at 10:26 am #444364
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54846
    • ☆☆☆☆☆

    Correct. That is what we always assume unless the question says differently.

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  • The topic ‘OKM CO’ is closed to new replies.

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