DFS Statement of Financial Position

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rachelrunshaw
rachelrunshaw Registered Posts: 41 Regular contributor ⭐
in AAT Level 4 (Level 8 in Scotland)
Hi

As the layout of this has now changed from Assets - Liabilities = Equity, to Assets = Equity & Liabilities, should the figures used in the liabilities section still be shown in brackets? As this will be the first time this pro forma is used, I cannot compare to a past paper.

Thanks in advance

Rachel

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  • crispy
    crispy Registered Posts: 466 Dedicated contributor 🦉
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    Hello,

    I would show the Equity and Liabilities as postive figures (no brackets)
  • noodles
    noodles Registered Posts: 308 Dedicated contributor 🦉
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    In the revised questions I have been sent from my tutor re the osborne books, there are no brackets. hope this helps
  • rachelrunshaw
    rachelrunshaw Registered Posts: 41 Regular contributor ⭐
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    crispy wrote: »
    Hello,

    I would show the Equity and Liabilities as postive figures (no brackets)

    Thanks for this - Rachel
  • rachelrunshaw
    rachelrunshaw Registered Posts: 41 Regular contributor ⭐
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    nscuffell wrote: »
    In the revised questions I have been sent from my tutor re the osborne books, there are no brackets. hope this helps

    yes it does help, thanks - Rachel
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    Thats good to know as I have been putting brackets in when doing it. I wonder if you would get penalised for doing this in the exam?

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