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Ribby june 08 Question

This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.

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June 10, 2011 at 10:44 am #49071
sue0707
Member
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HI Sir I’m confuse about the adjustment of NOTE 7 the transaction of intra group. The answer solve by opentuition is to deduct the unrealise profit 4m frm Current asset and the NA of Halls but the ACCA answer has an extra adjusment which is the SP of 6m increase in current asset and the current liabilities. Therefore the B/S will have a 6m diff. Which should I follow?
June 14, 2011 at 1:20 pm #84583
MikeLittle
Keymaster
- Topics: 27
- Replies: 23321
Hi – sorry – I don’t have the question to hand. It doesn’t sound good to me – this increase of 6m. dare I ask that you check and confirm that it’s not a decrease – a cancellation of intra-group balance?
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