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The Statement of Financial Position and Income Statement (part d)

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  1. Ziggystardust says

    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?

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    • John Moffat says

      December 15, 2022 at 5:10 pm

      Drawings have to be shown separately in the Statement of Financial Position.

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      • Ziggystardust says

        December 15, 2022 at 7:25 pm

        That makes sense. Thank you for responding!

      • John Moffat says

        December 16, 2022 at 8:52 am

        You are welcome 🙂

  2. SIMMAZZ says

    November 30, 2022 at 6:27 pm

    Is asset expenditure the same as capital expenditure?

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    • John Moffat says

      December 1, 2022 at 7:31 am

      It is capital expenditure if they are buying non-current assets.

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  3. Somtee says

    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)?

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    • John Moffat says

      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).

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  4. Faisal.miakhil says

    September 12, 2022 at 8:19 am

    thank you so much and it is very clear in explanation

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    • John Moffat says

      September 12, 2022 at 4:15 pm

      Thank you for your comment 🙂

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  5. ahdmunawwar2596 says

    September 5, 2022 at 7:02 am

    Your explanations are very clear and easy to understand, Thank you for your service….

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    • John Moffat says

      September 5, 2022 at 9:19 am

      Thank you for your comment

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  6. Viktoriia.Yanchuk says

    June 30, 2022 at 6:46 pm

    Hello, Sir!

    Thanks for the lesson!
    Could you please tell me, is the revenue expenditure the same as OPEX (operating expenses)?

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    • John Moffat says

      July 1, 2022 at 8:13 am

      Yes – operating expenses are revenue expenditure.

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  7. mbaaccounting says

    May 19, 2022 at 11:26 am

    I am learning a lot.Its clear and precise.Thank you Sir

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    • John Moffat says

      May 19, 2022 at 4:50 pm

      Thank you for your comment 🙂

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  8. mbaaccounting says

    May 19, 2022 at 11:25 am

    I am learning a lot.Its clear and precise.

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  9. Ese123 says

    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.

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  10. Fabulas278 says

    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.

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    • John Moffat says

      April 1, 2022 at 7:21 pm

      You are welcome 🙂

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  11. nunuacca says

    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.

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    • John Moffat says

      January 28, 2022 at 8:02 am

      Thank you for your comment 🙂

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