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OT note chapter 7 example 5

This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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June 10, 2020 at 8:57 am #573345
confideans
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Regarding example 5, how can we calculate for the opening net assets?
I could not understand the model answer in the note.
Thank you very much.
June 10, 2020 at 5:36 pm #573410
Stephen Widberg
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Closing net assets (A – L) minus profit (2300 – 400 FV)
June 11, 2020 at 2:33 am #573421
confideans
Participant
- Topics: 39
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Thank you very much for your clarity
June 11, 2020 at 5:35 pm #573528
Stephen Widberg
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- Topics: 15
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My pleasure
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