DFS - DISPOSAL OF ASSET

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can anyone help ? my mind went blank and i put the procceds on the
p & l with the turnover !! where should it have gone?
thought the exam was ok - disppointed lots i had revised didnt appear. Hop mess up with asset wont be the fail of the exam !! roll on tax on Friday i am exhausted!

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS - DISPOSAL OF ASSET

    Proceeds should've gone to a seperate heading on the p&l. After operating profit, but before interest.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS - DISPOSAL OF ASSET

    thank you ! obviously i still balanced so hopefully not too many marks lost!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS - DISPOSAL OF ASSET
    michelle.groves wrote:
    thank you ! obviously i still balanced so hopefully not too many marks lost!

    Lets hope not! I put it to Other Operating Income, so didnt get it right either.Like you though, it all balanced, which I was quite pleased about!

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