sir,
when I was going through the lectures I found out that vertical format is used and I was thought by horizontal format, so which format should i use now and which will be beneficial now (in relation to studying F7)
Thank you
Ask the Tutor ACCA FR
Published Company Accounts
6y ago#1Hi,
Can you please clarify what you mean by vertical/horizontal format. It isn't something that I'm familiar with or have heard of before.
Thanks
In Example 1 I prepared a trading a/c and profit and loss a/c which had debit and credit side.The answer which I got was also similar.For example in trading a/c
dr cr
opening stock xxxx sales revenue xxxx
purchases xxxx closing stock xxxx
wages xxxx gross profit xxxx
--------- --------
--------- -------
6y ago#3Hi,
This is not a recognised published company account format and so you need to stick to what is shown in the notes.
Thanks
Sign into reply to this topic.