Grade 12 Accounting| Income Statement Adjustments Memo (Audit Fees,Rent Income)| June 2024 | Paper 1

[@SkyMakua]

This is exactly what I needed after studying Economics the whole day, Thank you sm.🥺

[@VuyokaziDingani93]

Please continue with this paper especially Fixed Asset Note👏🙏

[@VuyokaziDingani93]

Ooh thank you so much I've been looking for this paper...Thank you Icing Accounting

[@ih8dannyyy]

can you please make a video going through the paper we wrote yesterday 🙏🏼

[@acingaccounting]

@@ih8dannyyy going to do it soon

[@ih8dannyyy]

@ thank you 😁

[@stray0107]

Hello acing accounting can i please ask as to why the directors fees were added instead of subtracted

[@acingaccounting]

@@stray0107 it is a prepaid expense. Remember, when we decrease an expense, our profit increases

[@stray0107]

@@acingaccounting ohh i see the vision thnk u 🙏

[@Aphiwerh23]

​@@acingaccountinghi ,may I ask that even if it was under operating expenses(normal full income statement)will we be still required to add it

[@acingaccounting]

@@Aphiwerh23 we would decrease it because the expense decreases

[@Aphiwerh23]

@@acingaccounting thank you ,so much

[@joiajosefina1658]

The continuation 😢