Osbourne Practice Exam 1 help!!!
Options
ChloePage99
Registered Posts: 3
I have attached 3 screenshots of what I am struggling with. The question is part e of task 3 on the first Osbourne practice paper. In the question it asks to complete the cash flow budget. for the materials payable it says they are expected to decrease by £16,000. So to do this I have taken my answer from part a) which shows "purchases of raw materials" of £150,000 and added the £16,000. However in the answer in the book it shows that they have used the "use in production" figure of £144,095 and then added the £16,000 to get to £160,095.
I was under the impression from doing other questions and from the text book that the purchases figure was to be used as this is what has actually been spent but I could be wrong
I was under the impression from doing other questions and from the text book that the purchases figure was to be used as this is what has actually been spent but I could be wrong
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.4K For AAT students
- 264 NEW! Qualifications 2022
- 144 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 45 AAT Level 3 Diploma in Accounting
- 66 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 268 VAT
- 90 Software
- 271 Tax
- 133 Bookkeeping
- 7.1K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 578 Job postings
- 16 Who can benefit from AAT?
- 35 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