pyramid 6/12

This topic has 5 replies, 2 voices, and was last updated 11 years ago by MikeLittle.

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May 16, 2014 at 3:38 pm #169060
aishaasad
Member
- Topics: 159
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hello Sir
i dont understand the treatment of loan notes given in note ii.
plz explain
May 16, 2014 at 4:49 pm #169068
MikeLittle
Keymaster
- Topics: 27
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Cancel 2.5m of Pyramid’s investments against 2.5m long term debt in Square
Cancel 275,000 investment income in Pyramid against 275,000 finance costs in Square
?
OK?
May 16, 2014 at 5:37 pm #169081
aishaasad
Member
- Topics: 159
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ok Sir , we dont need profit and loss so second entry would be irrelevant for this question ?
Thank you
May 16, 2014 at 5:46 pm #169084
MikeLittle
Keymaster
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Yes, but you may need it in the exam so better safe than sorry!
You’re welcome
May 16, 2014 at 5:57 pm #169087
aishaasad
Member
- Topics: 159
- Replies: 182
definitely Sir just came across in pandar
May 16, 2014 at 6:07 pm #169088
MikeLittle
Keymaster
- Topics: 27
- Replies: 23368
Hah!
Will reply to Pandar either later this evening or certainly sometime over the weekend
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