PEV Nov 04
GemmaLouise
Registered Posts: 56 Regular contributor ⭐
Hi everyone!!!
just looking at section 2 of nov 04 - where you have to re do the profit and loss account for the factory- why is the closure cost not included in this???
thankyou!
just looking at section 2 of nov 04 - where you have to re do the profit and loss account for the factory- why is the closure cost not included in this???
thankyou!
0
Comments
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My answer disagrees with the model answer the then chief assessor produced. But we both did not treat factory closure costs as a cost of Factory B.
It is interesting to see the model answer has the following statement after the accountCandidates may include or exclude closure costs within the profit statement
This point crops up in 2.3 when you are asked to write about(a) a brief comparison of the performance of Factory B before and after
closure of Factory A
(b) a brief comparison of the company’s performance before and after
closure of Factory A.Sandy
sandy@sandyhood.com
www.sandyhood.com0
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