Acca mock financial Accounting

between A Co with B Co and C Co? 

A 

B Co is an associate of A Co 

B 

B Co is a subsidiary of A Co 

C 

C Co is a subsidiary A Co 

D 

C Co is an associate of A Co

 

22 

Pop offers a trade discount of 6% to selected customers. In addition, Pop offers a 5% early 

settlement discount to all credit customers. Weasel purchased goods from Pop which had a 

list price of $2,500 and is eligible to receive the trade discount. Pop does not expect that 

Weasel will take advantage of the early settlement discount terms. 

What amount of revenue is recognised at the point of sale? 

$

_____________ 

 

23 

A business buys a car on 1 January 20X0 for $5,000. It depreciates cars on a straight line at 

the rate of 25% per year.

 

The business sells the car on 31 December 20X2 for $500. 

What is the profit or (loss) on disposal that will be recorded in the statement of profit or