PEV EXAM PAPER DECEMBER 05 Section Two
zoeeileen
Registered Posts: 19 New contributor 🐸
Hi All
On section two of this exam paper one of the questions asks us to calculate the average age of debtors in months.
They workeed it out 1050/4200 x 12.
Where dis they get the cost of sales from.
One more question on the answers for section two when you have to reinstate the P&L account can someone help me how did they get 12.8%
Thankyou for your help. Zoe
On section two of this exam paper one of the questions asks us to calculate the average age of debtors in months.
They workeed it out 1050/4200 x 12.
Where dis they get the cost of sales from.
One more question on the answers for section two when you have to reinstate the P&L account can someone help me how did they get 12.8%
Thankyou for your help. Zoe
0
Comments
-
hi
debtor months formula is DEBTORS/SALES X12
debtor figure of 1050 can be found from the balance sheet
sales figure of 4,200 from the p & l account
http://forums.aat.org.uk/showthread.php?t=224620
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