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Concerns about SFP, Equity Section

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Concerns about SFP, Equity Section

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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    Posts
  • February 14, 2021 at 9:06 pm #610423
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    Hello sir,

    1) Whats the difference between Paid in capital and Shareholders contributions?

    2) I have seen in one of companies financial statement in Equity section :

    Paid in capital + RE +shareholders Contribution + ((Net Income))

    my q is that net income shouldnt be added to RE then include the closing RE to the SFP .. why it has been included as a seperate line?

    Kindly note that this comp was making losses so RE and Net income figures included in the above were in Negative

    I appreciate ur kind assistance thanks a lot

    February 15, 2021 at 7:43 am #610450
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    I am sorry, but what you are asking is not relevant for Paper FA.

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