Financial Statements CBT 1 Practice Assesment

John Watts
John Watts Registered Posts: 2 New contributor 🐸
in General discussion
Hi all,

Can anyone help with 1.5b of this practice assessment. I cannot workout where the £261 other income on the consolidated SOCI has come from, or how it has been worked out.

Many thanks

John

Comments

  • Nps
    Nps Registered Posts: 782
    Sorry, I can't access the question but £261 sounded familiar so I hunted out this question which I answered for someone else a while back. Is it the same one you are asking about (Deer/Claw)? Or is it just a complete coincidence that both questions contain £261?

    http://forums.aat.org.uk/showthread.php?36293-FNST-Consolidated-SOCI-Query-BPP
  • Nps
    Nps Registered Posts: 782
    I've just checked and yes, it does look like the same question, so the link above should explain it all.

    Basically it's the remainder of the dividends which haven't been cancelled out on consolidation.
  • John Watts
    John Watts Registered Posts: 2 New contributor 🐸
    That is the one. Got it now!

    Thank you very much

    John

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