Mega Bank of F3 Questions & Answers

[Prajna B]

ok i need some help in this one.

At March 31 20x2 a company had oil in hand to be used for heating costing $8200 and an unpaid oil bill for $3600.
At 31 March 30x3 the heaing oil in hand was $9300 and there was an outstanding heating oil bill of $3200.
payments made for heating oil during the year ended 31 Marchtotalled $34600.
Based on these figures, what amount should appear in the copany's statement of comprehensive income for heating oil for the year
A $23900
B $36100
C $45300
D $33100

Hi,

The correct option is D i.e., $33,100 will be recorded in SOCI

The calculation is given in the following file

Inventory.pdf

Hope this will help you.

Thanks

Prajna B

[Margaret]

How do i access to this Mega bank Q & A? tq

[Prajna B]

Hi

For your convenience I am posting the answer again





Hope this will help you.

Prajna B