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Sep/Dec 2015 Q#3(a)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Sep/Dec 2015 Q#3(a)

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 1, 2017 at 5:54 pm #414062
    Ema
    Member
    • Topics: 73
    • Replies: 107
    • ☆☆

    Sir,
    I am unable to get from where did the examiner got 1.2 in credit sales income after introducing discount.

    Thanks

    November 2, 2017 at 7:19 am #414098
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54500
    • ☆☆☆☆☆

    The question says (in the last sentence of the first paragraph) that is the match the discount then sales will increase by 20%.

    Multiplying by 1.2 is the same as adding 20% to the figure.

    November 2, 2017 at 7:28 am #414104
    Ema
    Member
    • Topics: 73
    • Replies: 107
    • ☆☆

    Sir,
    Can this question also be done in a way that we just initiate it from current trade receivables and then the revised trade Receivables as it has been done in previous past papers!

    Thanks

    November 2, 2017 at 7:32 am #414106
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54500
    • ☆☆☆☆☆

    Not really, because this is a different situation than in past papers.

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Viewing 4 posts - 1 through 4 (of 4 total)
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