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LC 2017 Accounting Ordinary Level Exam

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  • 19-06-2017 5:51pm
    #1
    Paulina34
    Registered Users Posts: 2 ✭


    The current market value was never given in the manufacturing account in Q1 and I couldn't work it out. I've talked to a few other people that did the exam and they said the same thing. I rang the examinations commission but they said there was currently no mistakes indicated. Is there a way to calculate the current market value or did was there just an error in the exam ?
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    #2
    Liordi
    Registered Users Posts: 2,226 ✭✭✭Liordi


    May be wrong because I never paid heed to manufacturing accounts but if it doesn't specify a change in value then don't you just transfer it at the same value you calculated?


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    #3
    Paulina34
    Registered Users Posts: 2 ✭Paulina34


    you always put the current market value in the cost of sale though, and if you dont have the current market value you cant get the profit on manifacture ? Ive no idea


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    #4
    Liordi
    Registered Users Posts: 2,226 ✭✭✭Liordi


    If it doesn't specify then I think it means there was no profit on manufacturing?


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