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unreleased profit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › unreleased profit

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.
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  • July 30, 2019 at 7:26 am #525314
    peeteekays
    Member
    • Topics: 2
    • Replies: 0
    • ☆

    hi Mr Moffat l wrote my exam yesterday and i passed with 60% all thanks to you… i just have one question though when there is no inventory left does that mean i dont have unreleased profit..the goods were sold by the subsidiary to Parent i just got lost there cz normally there will be inventory left but in this case there was nothing please help me clear my mind i was so disappointed cz that was one of the topics i understood better….thank u once again wouldnt have passed without you

    July 30, 2019 at 9:04 am #525441
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    Congratulations on passing the exam 🙂

    If there is no inventory then there is no unrealised profit. Unrealised profit only relates to the profit in inventory that still remains.

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