Varnay Ltd is a manufacturing company which prepares annual financial statements to 31 December. In November 2019,
Question:
Varnay Ltd is a manufacturing company which prepares annual financial statements to 31 December. In November 2019, the company announced a plan to close down one of its manufacturing operations and to sell off the assets of that operation. The operation will be closed down over a period of approximately nine months and closure is expected to be complete by the end of July 2020. Sale of the operation's assets is expected to take place in September 2020.
Explain how this closure and sale should be dealt with in the financial statements of Varnay Ltd for the year to 31 December 2019 and for the year to 31 December 2020.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
For the year ending December 31 2019 the closure and sale of the manufacturin...View the full answer
Answered By
DHRUV RAI
As a tutor, I have a strong hands-on experience in providing individualized instruction and support to students of all ages and ability levels. I have worked with students in both one-on-one and group settings, and I am skilled in creating engaging and effective lesson plans that meet the unique needs of each student.
I am proficient in using a variety of teaching techniques and approaches, including problem-based learning, inquiry-based learning, and project-based learning. I also have experience in using technology, such as online learning platforms and educational software, to enhance the learning experience for my students.
In addition to my teaching experience, I have also completed advanced coursework in the subjects that I tutor, including mathematics, science, and language arts. This has allowed me to stay up-to-date on the latest educational trends and best practices, and to provide my students with the most current and effective teaching methods.
Overall, my hands-on experience and proficiency as a tutor have equipped me with the knowledge, skills, and expertise to help students achieve their academic goals and succeed in their studies.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
