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Que 53 Leigh

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Que 53 Leigh

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.
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  • June 23, 2020 at 11:47 am #574524
    Sneha00
    Member
    • Topics: 46
    • Replies: 20
    • ☆☆

    B part
    After 3 months when it will be clear that the supplier has taken cash or shares then what entry will be passed?
    Will we reverse the equity reserve made?

    And the same query for director’s part also that what will be the entry on settlement date?

    Though this is not required in que but for understanding better I wanted to know.

    June 23, 2020 at 4:55 pm #574560
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3441
    • ☆☆☆☆☆

    I guess there will be a reserve transfer of some kind but reserves are are not really tested in the new syllabus

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