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The prescribed part

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › The prescribed part

  • This topic has 4 replies, 2 voices, and was last updated 3 years ago by Vijay.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • July 17, 2021 at 9:11 am #628020
    lokeshdh00
    Participant
    • Topics: 133
    • Replies: 130
    • ☆☆☆

    Hi Vijay , I hope you are alright. I had a doubt about a question.

    If the net assets after liquidation is 800,000 pounds(which is more than 600,000 pounds)

    what would be the prescribed part.

    A) 5,000 pounds + (600,000-10,000)* 20 % = 123,000

    B) 5000 +( 600,000) * 20% = 125,000

    July 19, 2021 at 9:23 pm #628842
    lokeshdh00
    Participant
    • Topics: 133
    • Replies: 130
    • ☆☆☆

    Another problem : I couldnt understand the 4th question’s last option. And why its incorrect. But i don’t understand what the option really trying to say.

    here is the link to the questions :- https://opentuition.com/acca/lw/lw-english-chapter-16-questions-capital-maintenance/

    July 22, 2021 at 8:21 pm #629150
    lokeshdh00
    Participant
    • Topics: 133
    • Replies: 130
    • ☆☆☆

    Please also clearify , is the prescribed part applicable on total net assets

    Or

    Is it applicable on net assets after paying off first three categories (Liquidators , fixed charges creditors and prefremve creditors )

    July 24, 2021 at 11:53 am #629306
    lokeshdh00
    Participant
    • Topics: 133
    • Replies: 130
    • ☆☆☆

    Passed the exam with 73% , please ignore the questions.

    August 2, 2021 at 11:38 pm #630189
    Vijay
    Member
    • Topics: 0
    • Replies: 258
    • ☆☆☆

    Hey that’s fantastic news !!!

    Congratulations!!!

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    Posts
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