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June 10, 2023 at 4:07 pm
Nice lectures sir, Easily put and easy to understand.
John Moffat says
June 10, 2023 at 4:16 pm
Thank you for your comment 🙂
December 14, 2022 at 8:02 pm
Anything the owner takes is called drawings and should not be treated as expense. Is it because the owner and the business are the same?
December 15, 2022 at 8:58 am
Yes (as I explain in the first chapter of our free notes, and the lecture on that chapter).
June 11, 2023 at 4:27 am
hi sir sir in compulsry liquadation in case of debt while weare not able to pay debt so creditor apply to court while in case ofjust and equitable member apply to the court as it right or wrong and the second is that sir what is the answer of below question andi can’t understand please explain?
4 Which of the following persons or bodies can petition to the court for a compulsory liquidation? A The company itself B Any creditor C Any director
5 When a liquidator is appointed, he becomes the agent of which of the following? A The members B The creditors C The company
June 11, 2023 at 9:13 am
These are Paper LW questions, not Paper FA. And you should be posting questions in the Ask the Tutor Forums and not as comments on lectures!
June 14, 2023 at 1:20 pm
By the rule owner and business are separate entities, and because they are separate drawings are treated as an expense and as other expenses, they increase on debit and decrease on credit . So if the owner took the money it will be deducted from the asset (Credit asset ) and added to Drawings ( goods taken by the owner ) It’s like the business paid money to the owner ( Like expense ). i don’t know if this was helpful
December 14, 2022 at 12:36 am
Thank you Sir , it’s amazing it was conceptual session by you. All doubts clear.
December 14, 2022 at 12:26 am
Thank you Sir, this was a conceptual lecture my all doubts has been cleared. Again Thanks to you sir.
December 14, 2022 at 11:29 am
Thank you for your comments 🙂
October 19, 2022 at 7:31 pm
Thank you for the amazing lectures . Really appreciate ?
October 20, 2022 at 6:55 am
October 3, 2022 at 4:46 pm
nice lectures sir, well appreciated.
October 4, 2022 at 10:16 am
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