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December 15, 2022 at 4:47 pm
Hello professor, a question if you don’t mind.
We didn’t include “Loss” as the 4th reason/item in the Increase in Net Asset equation because “that is simply negative profit”. Then why did we include “Drawings” in the said equation? Aren’t drawings “negative capital introduced” too?
John Moffat says
December 15, 2022 at 5:10 pm
Drawings have to be shown separately in the Statement of Financial Position.
December 15, 2022 at 7:25 pm
That makes sense. Thank you for responding!
December 16, 2022 at 8:52 am
You are welcome 🙂
November 30, 2022 at 6:27 pm
Is asset expenditure the same as capital expenditure?
December 1, 2022 at 7:31 am
It is capital expenditure if they are buying non-current assets.
November 4, 2022 at 10:33 pm
Hello John, thanks for the lectures. You say a capital expenditure is when we purchase a non-current asset. Is it also a capital expenditure when we purchase inventory (which is a current asset)?
November 5, 2022 at 8:34 am
No – that is revenue expenditure (when we buy it, it is purchases. Inventory is what is left of the purchases at the end of the period).
September 12, 2022 at 8:19 am
thank you so much and it is very clear in explanation
September 12, 2022 at 4:15 pm
Thank you for your comment 🙂
September 5, 2022 at 7:02 am
Your explanations are very clear and easy to understand, Thank you for your service….
September 5, 2022 at 9:19 am
Thank you for your comment
June 30, 2022 at 6:46 pm
Thanks for the lesson! Could you please tell me, is the revenue expenditure the same as OPEX (operating expenses)?
July 1, 2022 at 8:13 am
Yes – operating expenses are revenue expenditure.
May 19, 2022 at 11:26 am
I am learning a lot.Its clear and precise.Thank you Sir
May 19, 2022 at 4:50 pm
May 19, 2022 at 11:25 am
I am learning a lot.Its clear and precise.
April 13, 2022 at 6:36 pm
Thank you, SIR. I don’t understand how you come about the $4,000 as the final answer Sir.
April 1, 2022 at 2:03 pm
Great lessons so far very clear even though I already knew it you have made it clearer thank you.
April 1, 2022 at 7:21 pm
January 27, 2022 at 5:19 pm
Your explanations are so clear and concise. Thank you so much for such an excellent and helpful learning platform.
January 28, 2022 at 8:02 am
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