E
Elroy
Member
I really think that some of the BS and IS questions for this module are highly ambiguous or plain wrong.
Making something difficult by ambiguity is just silly.
Eg
note (e) in this question.. The answer implies that the provision is for trade receivables outstanding at the end of 2007. The wording, to me, implies it is for 2006. This is really frustrating!!!
note (d) implies that this has already been recognised in the prior balance sheet, but the answer assumes it hasn't.
Making something difficult by ambiguity is just silly.
Eg
note (e) in this question.. The answer implies that the provision is for trade receivables outstanding at the end of 2007. The wording, to me, implies it is for 2006. This is really frustrating!!!
note (d) implies that this has already been recognised in the prior balance sheet, but the answer assumes it hasn't.