ADJUSTMENTS EXAMS HELP PLEASE GOT NO HELP :(
mesh87
Registered Posts: 3
Hi,
I am soon going to sit my exam and need help with the adjustments for a subsidiary selling to a parent with some stock still left in the inventory at the year end.
im getting confused as to what adjustments to make to cost of sales and revenue, in the consolidated statement of comprehensive income.. PLEASE PLEASE SOMEONE HELP...i am desperate and cannot get ahold of my tutor ((((
I am soon going to sit my exam and need help with the adjustments for a subsidiary selling to a parent with some stock still left in the inventory at the year end.
im getting confused as to what adjustments to make to cost of sales and revenue, in the consolidated statement of comprehensive income.. PLEASE PLEASE SOMEONE HELP...i am desperate and cannot get ahold of my tutor ((((
0
Comments
-
this is how u do it:
1) take away the sale price from Revenue and cost of the sale
2) Add unrealised profit to the cost of the sale( sale-cost=profite, unrealised is whatever is left in the company)
3) work out the NCI: % of profit for the year od sub X
% of Unrealised profit Take away (X)
hope u get it0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership