A product, Paint, measured at cost, 460,000, as at 31 March 20X7. In April 20X7, 70% of this inventory was sold for 280,000 on which ABC Co s’ sales staff earned a commission of 15% of the selling price. What is the carrying amount of the inventory in the statement of financial position as at 31 March 20X7
Hello Sir,This is Ali Imran here,having 13 years of Industry experience in both accounting and ERP for SAP Business One. I want to be an adept at IAS and IFRS. In the past I joined CA classes but unable to afford it so I opted bachelors and learnt almost what was Included in the subjects but when I do accounting i always prefer to understand the scenario and present the solution as by nature but the standard always helped. Will you please help me to learn it because I am eager to learn and you know almighty has blessed me the IQ level which helps me to understand thoroughly although I have got experienced now. Plz help for the sake of almighty God. Thank you 🙏
Thank you sir for explaining. I'm a student of CMA
Thats nice👍
I am a teacher too. You have very well explained.
Commendable!
Thanks a lot👍🙏
U are best. And Please explain disclosure in detail and with example
Sure
In case of commodity market trading , how inventory should be valued
@@shikhasaraf1358 AVCO
thank you sir. i love watching your videos from Nigeria
Thx dear
A product, Paint, measured at cost, 460,000, as at 31 March 20X7. In April 20X7, 70% of this inventory was sold for 280,000 on which ABC Co s’ sales staff earned a commission of 15% of the selling price. What is the carrying amount of the inventory in the statement of financial position as at 31 March 20X7
30% of original cost
Also check cost or NRV which ever is lower at reoorting date
Kindly make some more detailed videos on its 2
@@chmahnoorkhalid098 its already there
Sir need IFRS 13, have possible
I enjoyed but it seems a short video. Please tell us about Accounting Policy.
Sure dear
@@CommerceSpecialist waiting
This is great🎉
Thanks🙏👍
How to know the movements of inventories and how its finalised?
These days e.thing is computerized, so no issues
Well explained...thank you
From ZAMBIA
Thanks Gabriel❤️🙏🙏😊👍
Hello Sir,This is Ali Imran here,having 13 years of Industry experience in both accounting and ERP for SAP Business One. I want to be an adept at IAS and IFRS. In the past I joined CA classes but unable to afford it so I opted bachelors and learnt almost what was Included in the subjects but when I do accounting i always prefer to understand the scenario and present the solution as by nature but the standard always helped. Will you please help me to learn it because I am eager to learn and you know almighty has blessed me the IQ level which helps me to understand thoroughly although I have got experienced now. Plz help for the sake of almighty God. Thank you 🙏
Dear Ali
Keep watching my videos, thats all i can say, if you need any specific assistance, let me know.
@@CommerceSpecialist Thank you
Anyone has taken any paper with them?
✌✌✌✌✌❣💯💯💯💯💯💯🤩🤩🤩
@@sufaidkp5963 thanks