[phuongltn]

Thank you!

[phuongltn]

Yes, that’s such a release 🙂
Thank you for your thorough explanation, that really clears my confusion.
Best Regards,

[phuongltn]

Dear Sir,
Thank you so much for your help. However, I think I am still missing something because I am wondering that: if a bank commonly works that way (credits your account as soon as you pay in the cheques) then there would be very little chance for outstanding lodgements? This is because outstanding lodgements are defined as cheques paid into the bank but not “cleared” (“credited”) yet?
Thank you so much!
Best Regards,
Phuong

[phuongltn]

Thank you Sir! 🙂

[phuongltn]

Thank you, Sir! 🙂

[phuongltn]

Thank you so much! 😀

[phuongltn]

Dear Sir,
I think when total equity reduces, it will increase the gearing (since the denominator reduces), isn’t it? Or do I miss something that can explain?

Thank you!

[phuongltn]

Thank you, Sir!

[phuongltn]

Thank you very much!

[phuongltn]

Thank you for your prompt reply, Sir.

Could you please clarify how to write the extract of the Income Statement, for e.g. if the Irrecoverable and doubtful debts expense a/c has a credit balance of, say, $1,000.
I think that it can be put under the item named “Other Income”, but I’m not sure. And if this is true, how should we interprete it?

Sales x
Cost of sales (x)
Gross Profit x
Other Income
(???) 1,000
Expenses (x)
…

Sincerely,
Phuong

[phuongltn]

Thank you very much!

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