Quick question on financial assets

This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
October 10, 2017 at 8:31 am #410148
Isabelle
Member
- Topics: 17
- Replies: 22
Hi,

I’m working through a part A question which asks me to correct a SOFP.

One of the pointers mentions a 2 year loan which is one year in for £15m to key supplier which is interest free and currently held £15m in the accounts.

I think it should be discounted to Present value, which I have calculated, but when correcting the SOFP I’m not sure what the other side should be?
October 11, 2017 at 10:30 am #410326
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

Take the other side of the entry through profit or loss.

Thanks
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.