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Question 19.3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Question 19.3

  • This topic has 2 replies, 3 voices, and was last updated 5 years ago by John Moffat.
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  • November 17, 2020 at 11:09 pm #595362
    arahnsathananthan
    Participant
    • Topics: 64
    • Replies: 82
    • ☆☆

    Hi John

    I hope you are well. Could you please help me with Question 19.3 Task 3 ? I am not sure of the double entry required for this question.

    November 18, 2020 at 4:45 am #595373
    tushargujral
    Participant
    • Topics: 66
    • Replies: 95
    • ☆☆

    i think there is no double entry for this question we just need to tell how these adjustments will be made in profit and loss account. right john ?

    November 18, 2020 at 9:37 am #595405
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54805
    • ☆☆☆☆☆

    Yes. If the adjustment increases profit then it will be credited to the profit. If it reduces the profit then it will be debited to the profit.

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