Chris I want to Know that the Angola Co decided to cease its operations in 2017. We are giving the whole disclosure of Y/E 2017 is understandable. Why we are ging the disclosure for 2016 even it might not have been in some1's mind to dispose of line of business at that time. Your reply will be highly appriciated. Regards
Hello sir... I have a question.. The question said that the operation was discontinued at march 2017...but why you also calculate the discontinued operation in 2016??..
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Because the gains were netted off against Admin expenses, so restating the admin expenses will me 10 + (the 7 that was netted off), You will see that latter on the gain of 7 is added to the clalculation of profit.
The question clearly reads that the gain was a part of NCA of DISCONTINUED OPERATIONS. Hence, that cannot be taken under continuing operations. As for the admin costs of 10,000 given in the sum; the gain of 7,000 has been deducted and given(mentioned in the sum). So, it must've been 17,000 out of which the gain of 7,000 has been deducted .
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Hi Sir,
The question says that the gain is netted off against the Administrative Expenses, then why the gain is still shown separately in the notes?
Chris I want to Know that the Angola Co decided to cease its operations in 2017. We are giving the whole disclosure of Y/E 2017 is understandable. Why we are ging the disclosure for 2016 even it might not have been in some1's mind to dispose of line of business at that time. Your reply will be highly appriciated.
Regards
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OMG! THANKS SIR!
Hello sir... I have a question.. The question said that the operation was discontinued at march 2017...but why you also calculate the discontinued operation in 2016??..
Our tutors do not monitor questions here. You should ask in the Ask the Tutor Forum on our free website and then our tutor will answer you. You can find the click by clicking 'show more' above.
Sir, I wondering why didn't you added the gains of $7000 in the continued operations like 70-10+7 but instead you added added 10+7 which is 17.
Because the gains were netted off against Admin expenses, so restating the admin expenses will me 10 + (the 7 that was netted off), You will see that latter on the gain of 7 is added to the clalculation of profit.
Sir can you explain how should the subsidiary books be prepared. Should it also charge depreciation?
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What is PFY?
Profit For the Year👈🏻
Mama Mia.!
Have you passed FR pigslefats ?
@@hungrylion7742 Prior Financial Year? Profit for the year?
@@pigslefats Profit for the year
Sir, I wondering why didn't you added the gains of $7000 in the continued operations like 70-10+7 but instead you added added 10+7 which is 17.
The question clearly reads that the gain was a part of NCA of DISCONTINUED OPERATIONS. Hence, that cannot be taken under continuing operations. As for the admin costs of 10,000 given in the sum; the gain of 7,000 has been deducted and given(mentioned in the sum). So, it must've been 17,000 out of which the gain of 7,000 has been deducted .