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ACCA F3 Accounting for Limited companies, the statement of Profit and Loss
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Hi,
Is this correct:
A Sole Trader pays personal tax and is not shown on the SOFP or SOPL.
A Limited Company will pay Corporation Tax and will be deducted on the SOFP.
Many thanks,
Catherine
That is correct 馃檪
Why a comany gives right issue other than public issue ?
It is cheaper and easier to ask existing shareholders to buy more shares then to have a public issue. (There is more as well, but not relevant until Paper F9).
thank you sir.
You are welcome 馃檪
Thank you sir for this lecture but please know that not all of have accounting or mathematical backgrounds .. i was almost lost on how you got the new share of 2000 … 10000/5.(rights issue )
Hi,
Just a quick question if you dont mind. Going through Kaplan’s chapter about finance structure, I see that there are more parts regarding debt issuance as well as corporation tax. Are these stuff going to be part of the exams? Non of them are explained in this video.
What is in our lectures is what we teach on courses, and is enough to be able to pass the exam well 馃檪
Hi John
Apologies for asking here. I’ve posted twice a question on ASK THE TUTOR forum but so far no response. May I post it here perhaps?
Please ask in the Ask the Tutor Forum but check that you are actually submitting it.
The only question you have posted about F3 was on December 24th – it was in the normal F3 forum (not Ask the Tutor) but I did still answer it on the same day.
(You also posted a question in the F2 forum 4 months ago, and one in the technical support forum 8 months ago)
sir please explain how to get the right answer?
A UK private company has one million ordinary shares of 拢1 nominal value. Their estimated value as an investment is 拢2.20 each. The company wishes to raise a further 拢600,000 from a rights issue.
The directors decide to offer the new shares at 拢2.00 each to the existing shareholders and estimate that 60% of the shares offered will be bought.
Which of the following rights issues should be offered?
(a) 1 for 2
(b) 2 for 5
(c) 3 for 4
(d) 3 for 5
Please ask this sort of question in the F3 Ask the Tutor Forum, and not as a comment on a lecture.
thnks tutor
ordinary share capital
5000000 shares of 25 c each 125,000
share premium account 100,000
in the year ended 30 june 20*3 the company made a rights issue of 1 share for every 2 held at $ 1 per share and this was taken up in the year the company made a bonus issue of 1 share for ever held ,using the share premium account for the purpose.
what was the companys capital structure at 30 june 20*3?
sir i didn’t understand this ques .
It wants to know the balances on the share capital and share premium accounts at the end of the year (after the rights issue and after the bonus issue).
I go through how to do these sort of questions in the lecture.
sir can you please do the math and explain it
The answer is at the back of the lecture notes, and the explanations are all given in the lecture.