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Thank you for ur guidance…….. I pass my F3 with 90% … thank you so much for ur help… appreciate….. ??
sir mean that preference dividend is not a related profit ?
i abit dun understand wat is ur means … sry ….. can u explain more pls .
thx sir
U have ask me before?? When… sry for that… ?thx for ur explain sir..
So the ans is B.?hi sir ,
my meaning is when i disposal an assets with a revaluation from previous year . my revaluation surplus will close the double entry and go to retained earning .?? am i rite
2) for ur answer 1) u mean appear in revaluation reserve as well . if question ask will be change in statement change in equity ? yes or no ?
hi sir ,
something confusing i dun understand good purchase for resales on credit , when should i debit inventory ? n when should i dr purchase ? confusing .if question ask accounting equation : Assets = Liabilities + capital thn we add Assets n cr liabilities ?
if question given p& l we should adjust in Purchase ?
if question ask double entry , we should Dr Purchase Cr Trade payable ? am i rite ?
thank you
thx sir . this question is under a BPP study text for cash flow and question quick quiz . no 6
The correct answer show the method is 1000+500-500(bonus issue )-250 . The share premium is for this year n not last year…. so I am confusing .
Sir bonus issue cannot be add in capital account n share premium cannot be minus because not a cash item so need to add back?? Am I rite?
Mornign Sir ,
How about Inventory destroyed by flood after the reporting date . Non-adjusting ?
hi sir ,
Inventory destroyed by flood two days before the reporting date ? adjusting ??
why ?? confusing …ok .thank you Sir 🙂
How about Inventory destroyed by flood two days before the reporting date? is Adjusting or non- adjusting ?
confusing with – loss of non current assets due to catastrophe is – non adjusting
– inventory destroyed by flood two days before the reporting date?Sir, my understanding is,
1) interim dividend paid or declard before the year, then we need to record in statement change in equity. If After the year end Dividend disclosure to note to accout?
2) final divided declard before year end record at statement n change in equty .? paid next year so current liability. if after the year end dividend disclosure to note to account?
3) proposed dividend no any where in financial statements.
Am I rite? Sry for keep disturbing.
Sir. Means that only final dividend that declared and it is Before reporting then we only can minus in statement of change in equity and current liability. ? if after reporting date we disclose to note? Am I rite ? Thank you
hi Sir ,
The issued share capital of Alpha, a limited liability company, is as follows:
$
Ordinary shares of 10c each 1,000,000
8% Redeemable preference shares of 50c each 500,000In the year ended 31 October 20X2, the company has paid the preference dividend for the year and an interim dividend of 2c per share on the ordinary shares. A final ordinary dividend of 3c per share was proposed, before the reporting date.
What would be recognised for dividends in the equity section of the statement of financial position at 31October 20X2?
A. 130000
B.200000Ans B .i dun understand why proposed dividend before reporting date is not recognised in ? proposed dividend before reporting date should be adjust in statement change in equity (retained earning ) and current liability am i rite sir ? thank you