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Warrburt (Dec 08)

This topic has 4 replies, 3 voices, and was last updated 8 years ago by MikeLittle.

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November 25, 2013 at 3:23 pm #147756
atab
- Topics: 82
- Replies: 185
Hi,

Q1 Warrburt taken from the December 2008 past paper; could you kindly tell me why 21 was deducted from trade payables please?

Thanks,
Anneka
November 25, 2013 at 6:11 pm #147778
on.max
- Topics: 0
- Replies: 1
Cr. Credit Purchase 76
Cr. Exchange loss on Cash payable on 1
Cr. Exchange loss on Cash paid for Asset 1
Dr. Cash Paid for Asset (57)
= 21
November 26, 2013 at 4:16 pm #147936
MikeLittle
Keymaster
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Is it not 100m dinars outstanding payment for the asset in note iii at the exchange rate of 4.8?
November 28, 2013 at 8:41 am #148198
atab
- Topics: 82
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Of course! Because only 280 dinars were paid out of the 380 dinars by year end! Thank you 🙂
November 28, 2013 at 4:31 pm #148329
MikeLittle
Keymaster
- Topics: 26
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You’re welcome
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