Dfs today

twinmeister

Did anyone else have to round the insurance amount of £512/12*3? think it was a prepayment in the journal?
I struggled with consolidated bs - do you add in the revaluation reserve of 6000 in with the combined non-current assets? Think I got my goodwill to be 1119 or something like that? what did everyone else get for net assets? I got £69xx7?

jilt

twinmeister wrote: »

Did anyone else have to round the insurance amount of £512/12*3? think it was a prepayment in the journal?

I know what you saying about the insurance prepayment, but if you just divide by 4 you get £128, by doing /12x3 its rounds it down

mickeymacca

Yeh twinmeister it was a prepayment of 128, and yeh for the consolidated BS you add the reval fig to both of the NCA figures to give you the consolidated total......

mickeymacca

and yeh goodwill was 1119 after the 373 dep had been accounted for, and I got 69487 or 69847 can't remember exactly which so either we are both right or both wrong!!

lisnic

i got prepayment of 128 also

i did do 512/12 to start and got a number that needed rounding so to work prepayment out i did 512*3/12 and got 128

yes with revaluation you add the 6000 into the ppe and a revaluation reserve