Sir, at around minute 23:54 you mentioned discount received as deduction under wk3 ADMIN EXPENSES! Though it will have the same effect, I thought you will treat the discount received as other income.
Good evening sir. Are we to always deduct dividends from cash in the statement of financial position ? I noticed same wasn’t done in the Almajiri Limited example.
Not always. The one to be deducted is the one that has not been recorded in the trial balance or the one paid from cash but have not been deducted from cash
Not always. The one to be deducted is the one that has not been recorded in the trial balance or the one paid from cash but have not been deducted from cash
Search Ezikan academy, Then click on my page icon Then, at the top, click playlist, you will see different organised playlist containing different courses
Sir,i guess discount received is an income and should be added to other income in the statement of profit and loss.But,in ur solution,u did it differently by deducting it from administrative expenses. Pls,Which method should we adopt in examination question?
It was deducted from admin expenses because I don't want to treat as other income because I is not part of the items recognize as other income by the standard
Sir,i guess discount received is an income and should be treated as other income in statement of P or L.But in ur solution,you deducted if from administrative expenses..which method are we expected to use in exam?
God is great. I used only youtube videos and scored 72 In taxation. 2023 Ican skills
Wao! Good to hear that. Congratulations.
More winning
@@strangewonders4200 congratulations to at strange wonders,sir kindly avail me those materials for ICAN taxation at skills Level.
Very interesting, I hope to excel with your class, as I start my ICAN journey.
You have taken the right decision by starting early
Kindly solve ICAN 2023 Financial Reporting question1
What diet?
Thank you Sir. Please, why is preference shares not included in the Statement of Changes in Equity.
Irredeemable preference share will be included in equity while redeemable preference share will be included in liability
Sir, at around minute 23:54 you mentioned discount received as deduction under wk3 ADMIN EXPENSES!
Though it will have the same effect, I thought you will treat the discount received as other income.
Yes, you can also do it that way
Thank you sir,God bless you. Please can solve Performance management November 2021 diet questions. I had difficulty with them
Noted
Good evening sir. Are we to always deduct dividends from cash in the statement of financial position ? I noticed same wasn’t done in the Almajiri Limited example.
Not always.
The one to be deducted is the one that has not been recorded in the trial balance or the one paid from cash but have not been deducted from cash
Not always.
The one to be deducted is the one that has not been recorded in the trial balance or the one paid from cash but have not been deducted from cash
@@EzikanThank you sir.
Please sir, link to other IAS 1 video I can't find it.
You should have used my playlist where you can assess my over 180 lecture videos
Search Ezikan academy,
Then click on my page icon
Then, at the top, click playlist, you will see different organised playlist containing different courses
Why was depreciation charge to administrative expenses instead of cost of good sold, is it supported by accounting standard
The treatment of depreciation depends on the company policy.
Sir,i guess discount received is an income and should be added to other income in the statement of profit and loss.But,in ur solution,u did it differently by deducting it from administrative expenses. Pls,Which method should we adopt in examination question?
please why is discount received treated under administrative expenses.
It was deducted from admin expenses because I don't want to treat as other income because I is not part of the items recognize as other income by the standard
@@Ezikan Thank you sir
Sir, I will write FR and Tax tomorrow. Sir any advise?
Prepare adequately for the exams.
Understand my teaching very well
Pls sir, can you treat IAS 2
Noted
Sir,i guess discount received is an income and should be treated as other income in statement of P or L.But in ur solution,you deducted if from administrative expenses..which method are we expected to use in exam?
The two options are correct
@@Ezikan Okay.Thank u sir