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The lecturer is amazing, but I have a problem. The 915 on the cr side of t accounts is still the dividends payable. While I do understand that we have created an obligation by declaring or proposing the dividend, how can I judge and conclude that from the question? The question looked pretty straight forward to me (bf.IS.cf.cash) .. how do we know that we have to classify 915 as I/S obligation? What is the key indicator?
in case of dividend, amount b/f is also I.S….because it is the liability of current year that we announce at year end….that is what my concept is…
This lecturer is so funny,b/f, I/statement, c/f cash….It works.Thanks OT AND MIKE.
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December 2012 ACCA Exams - Genius Hunt Competition Results
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