[Skyvp]

yea, i do watched it through. Maybe i missed some of what you talked about. Anyway thanks!

[Skyvp]

i did watch it through 2 days ago but i completely forgot about it…im truly sorry about it…
I should have check the lecture again before posting, again im so sorry…

[Skyvp]

i mean like aside from cancel out the dividend received from in SOPL, do we need to do anything in SOPL or SOFP or anything other than those 2 again?

[Skyvp]

alright thankss!!

[Skyvp]

thanks again!

[Skyvp]

Just want to double confirm

1. Capital employed = Total assets – Current liabilities OR Total equity + Non-current liabilities

2. Total equity = Total assets – Current liabilities – Non-current liabilities

Am i right for both statement?

[Skyvp]

thanks!

[Skyvp]

i just realised i have not watch those 3 parts of SOCF which you linked me to, what i watched are from FR if im not mistaken, although i dont know whether there is a difference for SOCF between FA and FR.
Thanks anyway Sir

[Skyvp]

Please link me to the video, i think the video im watching is not the same as yours

[Skyvp]

@John Moffat ok i will watch it. So the correct answer would be
accum depreciation = 1000 + 2000 = 3000
Carrying value = 10000 – 3000 = 7000
7000 – 5000 = 2000 LOSS

is that right? Also just in case you are wondering, this is not an exam question, i made this question myself so you are free to answer it.

[Skyvp]

ah okay
but how?
how can a bank be overdraft and still remain some money in there?
doesnt overdraft already mean the bank has 0 money and you lend some money from bank, thus overdraft?

[Skyvp]

thanks, i got it now. Btw where can i access your lectures?
My lecturer is so bad and i got so confused

[Skyvp]

to be honest, im still kinda confused about this share capital topic. Take the question i wrote above for example. Does that mean that:

That company issues 100,000 ordinary shares to public at $1.20 per share. Then 100,000 ordinary shares are bought by the public and the buyer become the company shareholder, AND the company received $120,000 from those “new shareholder”. Thus this $120,000 is consider the capital/equity of the company. Is my understanding for this correct?

Another question, when a company issues 100,000 ordinary shares at $1.20, WHAT exactly is the “100,000” ordinary shares? It doesn’t have a $ symbol which indicates it is not a money value. Then what is it? Is it a physical items like 100,000 units of contract paper?

Sorry im so confused…

[Skyvp]

sry, the post kinda messed up. The 120,000 is actually on Cr side AND issued share capital has no Dr or Cr

[Skyvp]

So what about the entry for “Owner used 2000 of the cash from cash received from sales to pay for his private home repair?”

[Author]

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