Wrong figure in CIMA_F1_notes

This topic has 3 replies, 3 voices, and was last updated 9 years ago by P2-D2.

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August 24, 2016 at 8:11 am #334865
alexbay1982
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I think there is a mistake in the answer 6_Acquisition of PPE (p.128): the balancing figure (cash – additions) should be 1,300 but not 1350.
Could you please correct it?
August 24, 2016 at 3:33 pm #334914
P2-D2
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Hi,

Welcome to Open Tuition. Thanks for spotting the typo in the notes, we’ll get it updated as soon as possible. If you use the lecture notes in conjunction with the recorded lectures you will see that the answer in the recorded lecture is the correct figure of 1,300.

Thanks
December 7, 2016 at 10:51 am #354951
jmcnamara1
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Hi there,

I am not sure if Chapter 30 Example 5 Income Tax computation 1. has the correct answer.

Can you confirm that the correct answer is £96,250 or highlight the error in my computation:

Accounting Profit £350,000
Add Depreciation £45,000
Disallowed Exp £20,000
Subtotal £415,000
Less TA Depcn (£30,000)
Total £385,000

X 25% = £96,250

Thanks very much.

JM
December 8, 2016 at 8:46 am #362174
P2-D2
Keymaster
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Hi,

Yes the notes seem to have a typing mistake in them. Your answer above is correct and is what is seen in the video.

I’ll get the notes updated.

Thanks
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