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september/december 2016 (past year paper)

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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May 13, 2018 at 9:07 am #451606
wingyee
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question 1b(ii)
may i know how to calculate the current asset for the first director proposal and the second director proposal?
May 13, 2018 at 8:55 pm #451733
John Moffat
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You cannot calculate it directly. As it says in the answer, it is the balancing figure i.e. the missing figure to make the SOFP balance. So you fill in all the other figures and then the current assets is the missing figure.
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