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warehouse disposed of at profit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › warehouse disposed of at profit

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarKen Garrett.
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  • July 14, 2018 at 6:47 pm #462258
    Avatarjohnparkar
    Member
    • Topics: 6
    • Replies: 3
    • ☆

    Hello

    If there is a risk that smaller warehouse has been disposed of at profit, so if for its impact I write that there is a risk that disposed warehouse is not properly removed from NCA register. Additionally , gain or loss on disposal may not have been properly accounted for. So here shall I write gain or loss OR shall I just write gain because in risk it was mentioned that warehouse has been disposed off at profit?

    July 14, 2018 at 9:20 pm #462274
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10660
    • ☆☆☆☆☆

    If the quesrion just mentioned profit that’s what you need to deal with.

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  • The topic ‘warehouse disposed of at profit’ is closed to new replies.

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