financial statements 1 task 6 how to calculate retrained earning?
titi
Registered Posts: 8
I have parent 370
250_190=
60x70% = 42
412 but the answer is 408
Please anyone can help me
250_190=
60x70% = 42
412 but the answer is 408
Please anyone can help me
0
Comments
-
Financial statment assessments 1 task 60
-
Financial statements level 4 assesment 1 task 5 b and c . Can you text to me the working please0
-
retained earnings is calculated as:
Parent 370
250-190=60*70%=42
inter-company transaction = -4 this is from 60,000-40,000/5
Answer = 4080 -
task 5 part c.
inventories have decreased from 4700 to 4200 so a difference of 500 which added onto 7300
trade receivables have increased from 3400 to 3600 so a difference of 200 which is deducted from 7300
trade payables have decreased from 1600 to 1500 so a difference of 100 which is deducted to 7300
therefore 7300+500-200-100 = 75000 -
Thank a lot0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 259 NEW! Qualifications 2022
- 146 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 37 AAT Level 3 Diploma in Accounting
- 64 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 274 Tax
- 137 Bookkeeping
- 7.3K General accounting discussion
- 193 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership