Roi

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August 9, 2017 at 1:11 pm #401164
aiza
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If in any question they give us the value of net asset at the year end or start year, which value are we going to take?
August 9, 2017 at 5:07 pm #401189
John Moffat
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There is no rule in real life!

For the exam best is to take the opening net assets on the basis that it is them that earn the profits for the year, unless (of course) the question says to do different.
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