20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

What Does this Actually Mean?

This topic has 1 reply, 2 voices, and was last updated 11 years ago by accaforall.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
April 7, 2013 at 12:05 pm #121720
Mark
Member
- Topics: 11
- Replies: 4
Hello, I was on F3 on Notes and i want to know what exactly does this mean?
Page 93/97 F3 notes
During Year Assets Disposed for 24, 000 and had net book value of 18 000 (This is next part) “”” the profit on which had been netted off expenses”””””
What exactly does that last part mean? i cant fully understand it —
Thank You very much
April 7, 2013 at 2:12 pm #121730
accaforall
Member
- Topics: 5
- Replies: 17
Possibly that the profit of 6,000 (24k -18k) on the disposal is netted against any other expense and not disclosed separately in arriving at the profit or loss figure …………… . Just a guess, haven’t gone through the F3 notes …..
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.