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May 25, 2021 at 12:33 pm
Can’t drawings be considered to be negative capital introduced to further simplify the “2nd” accounting equation?
John Moffat says
May 25, 2021 at 1:56 pm
They are effectively negative capital. However we do have to show them separately on the SOFP. Also, they will be given separately in question testing you on the accounting equation.
May 17, 2021 at 6:14 pm
Great lecture Prof.
How about costs of acquiring a capital expenditure eg; vehicle, the whole expenses involved In acquiring it like shipment costs. How do we cost it?
May 18, 2021 at 8:11 am
This is all explained in later lectures 🙂
May 16, 2021 at 10:13 pm
Hello, great and very understandable lectures, thank you so much! Just one question: when we buy a current asset such as inventory, is it a capital o revenue expenditure?
May 17, 2021 at 8:19 am
Inventory is revenue expenditure – we are not intending to keep it and it will be sold to earn revenue.
October 6, 2020 at 8:06 am
Prof…I never imagined it to be this easy..thank you.
August 4, 2020 at 11:09 pm
i can’t find the FA MCQ test after click on the link in the note,
is it changed to other name ?
August 5, 2020 at 8:08 am
Here is a link to the test:
August 4, 2020 at 11:01 pm
one more video completed,
move on .
May 15, 2020 at 2:05 pm
Thank you professor. Your lecture is really easy to understand.
May 15, 2020 at 2:52 pm
Thank you for your comment 🙂
April 15, 2020 at 12:42 am
Thank you have understood the equations
February 16, 2020 at 8:00 pm
I have not heard your lectures on any of the skilled level courses yet, but i can certainly say that you are excellent apt and very understandable in the areas of Financial and Management Accounting. Thank You
January 20, 2020 at 5:26 pm
where is the FA MCQ test
January 8, 2020 at 9:28 pm
Thank you sir for everything you’ve done for us. I find your lectures and notes very helpful all thanks to your way of explanation.
January 9, 2020 at 7:30 am
October 2, 2019 at 7:02 am
I have just signed up to open tuition and I am going it. Thank you Sir John, my exam is 28th Oct so working hard to get through the lectures.
September 5, 2019 at 5:33 pm
You explain each and every concept so clearly. Thank you so much sir.
In India there are very less coaching institutions for Acca and your video lectures helped me a lot
September 6, 2019 at 8:46 am
September 18, 2019 at 9:48 am
Thank you very much, it is so easy with you 🙂
September 18, 2019 at 1:33 pm
August 11, 2019 at 1:53 pm
Very clear and easy to understand Lecture.
August 11, 2019 at 4:32 pm
July 1, 2019 at 11:07 pm
Such a clear and joyful lecture. You are making this so very easy to understand, thank you so much for your help. 🙂
July 2, 2019 at 6:27 am
May 3, 2019 at 8:47 pm
Thank you so so much, you are the best lecturer, i wish we could have you in our class !!!
May 4, 2019 at 5:08 pm
Thank you very much for your comment 🙂
September 15, 2020 at 4:54 pm
I second that
October 21, 2018 at 8:42 pm
Sir, I watched all videos in this chapter, then tried to do some Kaplan tests related to this chapter and I found some questions that your lectures does not include.
Are that questions redundant or should I use any additional material to be confident I will not meet anything new at exam?
October 22, 2018 at 6:10 am
You will have to say what the questions are!
(But post in the Ask the Tutor Forum – not as a comment on a lecture 🙂 )
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