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Roce

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Roce

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • Author
    Posts
  • August 28, 2021 at 11:43 am #633241
    sadafwaheed1
    Member
    • Topics: 79
    • Replies: 29
    • ☆☆

    Hello sir . I have one confusion
    In some question of Roce , when given opening and closing asset
    Some question is solved using closing asset and some using average of both opening and closing and in one question they used opening asset
    What’s the reason ? Which one should be used

    August 28, 2021 at 11:56 am #633245
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51563
    • ☆☆☆☆☆

    There is a logic to all of them.

    In financial accounts it is usually the closing net assets.

    In Paper PM we usually use the opening figures on the basis that it the assets at the start of the year that will be generating the profits for the year (unless, obviously, the question specifies different).

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