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Where are the descriptions for the terminology Revenue, Purchases and Trading Account at the end of section 4?
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I cannot download the notes :S
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Drawings dont go in the income statement.
Hi there,
Good lecture.
Do drawings go into the income statement?
They’re obviously not the same as wages/salary, but would they go under ‘expenses’?
Thank you
yes they should obviously go under expenses because they are assets of a company withdrawn from it
@buteur, they go in the balance sheet
@buteur, They most certainly DO NOT go into the Statement of Income!
THIS/ IS/ GOOD!
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Thank you very much. Well explained!
Nice one…. Continuing to next…
Thanks for such a nice video!!!!!
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