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Private companies accounting records

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Private companies accounting records

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 7, 2016 at 12:13 am #320099
    orhodes
    Participant
    • Topics: 20
    • Replies: 25
    • ☆

    Hi Mike

    the bpp revision kit states that privet companies required to keep their accounting record for 3 years but I thought it is for 6 years. Is that right?

    Thanks
    Oksana

    June 7, 2016 at 6:58 am #320156
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Here’s the UK government website address to check this question

    If you scroll down to “How long to keep records” there seems to be no distinction drawn between public and private companies – it seems like 6 years (or sometimes longer)

    https://www.gov.uk/running-a-limited-company/company-and-accounting-records

    OK?

    June 7, 2016 at 4:59 pm #320440
    orhodes
    Participant
    • Topics: 20
    • Replies: 25
    • ☆

    Hi Mike

    Thank you, that’s right.

    BPP book says – 3years, which is wrong. Now, I can’t trust the book.

    Thanks for your help.
    Oksana

    June 7, 2016 at 8:09 pm #320573
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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