Great. You save my life. This video was awesome. Your video helped me complete my assignment. May God gives you more to help build the young accounting generation. May God bless you.
Thanks for explaining it well. May you humbly revise the current settings which is multiple choice from the extracts given they seem to be very challenging.
Kindly note that whatever is posted here is just a tip of the iceberg of what we have for you on the mDarasa platform. The rest of the videos are accessible on app.mdarasa.co.ke.
Why did you compute depreciation on building using 420,000,000 only and what about the amount given in trial balance 1,020,000 please I need explanation!
7. Richex limited has provided the following profit and loss account for the year ended 31 December 2020: Profit and Loss Account for the year ended 31 December 2020.
Shs Shs Opening stock 524,000 Sales 10,584,000 Purchases 4,692,000 Closing stock 761,000 Manufacturing expenses 2,563,000 Salaries and wages 252,000 Supplies consumed 466,000 General expense 85,000 Interest on loan 364,000 Commission and brokerage 0 Director’s fees 90,000 Auditor’s fees 55,000 Taxes 70,000 Bad debts reserve 43,000 Depreciation 296,000 Managing directors’ remuneration 648,000 Reserves 126,000 Provision for dividends 750,000 Profit for the year 300,000 21,000
11,345,000 11,345,000 The following additional information is provided: Salaries and wages include Sh.20,000 contributed by the company to unregistered pension scheme. General expenses include Sh.15,000 for donations, Sh.10,000 for contributions to a business pressure group that protects traders of the same kind. Taxes represent VAT paid Bad debts (specific) are Sh.180,000. 5) The fixed asset schedule is as follows: Asset Year Cost (Shs) Factory building 2015 4,000,000 (net of I.D) Additional plant building 2020 2,000,000 - brought to use 1 July 2020 Machinery 2015 4,800,000 (net of I.D) New machinery 2019 6,000,000 - fixed in new building Computers 2019 1,000,000 Other machinery and furniture 2015 640,000 Required Compute the capital allowances due to the company. Show the adjusted profit (loss) for tax purposes for the year 2020. State if any tax is payable. PLEASE HELP
Great. You save my life. This video was awesome. Your video helped me complete my assignment. May God gives you more to help build the young accounting generation. May God bless you.
Woow, great to hear that. Thank you soo much and amen.
May God bless you for your time and effort. Your heart for kindness is highly appreciated.
Woow, thank you so much , I am humbled. And amen
You really know how to teach. Baraka.
Woow, thank you soo much. I really appreciate it 🙏 . Amen.
Thanks for explaining it well. May you humbly revise the current settings which is multiple choice from the extracts given they seem to be very challenging.
Noted, yes sure I will upload one soon with multiple choices
My question 2022 question 3 is about Kite Golf Club where we have receipts and payments.....
Mine too
You are doing a nice job and you are purposed to help us understand. I got the concept nicely, thanks
Kamau a partner is given a commission of 5% on sales..How do we treat this one?
Good teaching sir thank you
Always welcome, and thanks for the compliment.
Have learnt a lot sir thank you ,a student from Zambia
Great, much humbled. Continue watching
haki mwalimu, si you check the sound please
I will check on this. Though on my end is okay.
Where's the continuation of the video please
Where is the Continuation of the Question please? ( Current account and statement of financial position respectively)
Hello, thanks for watching. This is available on our platform app.mdarasa.co.ke
Have tried doing balance sheet, but it's not balancing
I give thanks to this man
I am honoured 🙏🙏.
Good explanation after this video I have understood patnerships well
Glad to hear that
Kindly provide a link to the continuation of this vedio i don't see it in the list. Thank you in advance
Kindly note that whatever is posted here is just a tip of the iceberg of what we have for you on the mDarasa platform. The rest of the videos are accessible on app.mdarasa.co.ke.
What about the video for current account
All available our platform
Am having trouble with some mathematics regarding financial reporting can someone help me please?
Hello Fatma, what's the issue, kindly lets engage on 0708068851.
why do u add interest of drawings to net profit? Thx u so much very grateful.
I suggest you also do December 2022 Q3. Its also for partnership
Thank you so much
Great, I am glad you have enjoyed the class.
Mwalimu you said that if it is an decreased in provision it is considered as other incomes how about if it is an increased in provision
Hello Evans, of it is an increase in provision, then should be taken as an expense.
Where is continuation of 👆 video
my question is why didn't we add the accumulated depreciation for buildings?
Is it because the 420,000 is given as the cost of buildings (on cost)?
I was wondering the same thing
Is this question real for april 2022 coz am not seeing the question on my paper of april 2022 kindly help
Thanks ,it's has really helped me ,l was waiting for current account
Great welcome, the rest of the question is on mDarasa platform. Though will upload the rest here soon.
@@AringoFredrick please post link..
Thanks
please we are waiting for the continuation
continuation of this please?
I li this really encouraging ,,like me now At least I've some clue 🎉🎉
Wooow, glad to hear that. I am happy you have learnt something.
Thank you so much sir
Always welcome 🙏. Glad you have learnt something
Thank you sir
Always welcome. I hope you're learning.
Thanks a lot for the good.. finally got the concept ❤
Most welcome 😊. Happy to hear that.
The question is not clear please sir
Thanks sir
Welcome 😊😊
Thank you so much sir 😌 understood.
Always welcome. I am happy to hear that. Keep on watching the videos to learn.
Why did you compute depreciation on building using 420,000,000 only and what about the amount given in trial balance 1,020,000 please I need explanation!
Anybody knows I requested help please
Thanks
Karibu sana
This mwalimu will make you fall in love with accounts
Aaaah, didn’t know that. Thank you so much for letting me know. I am humbled
Please tag me the next one i cant locate it
The question is not clear
Do we also less interest on loans in the appropriation acc??
The interest that is considered on appropriation account is interest on capital and interest on drawings if it is there.
Can we please do cpa question 2 April 2022
Hallo Lynn
CPA April 2022 Q 2
th-cam.com/video/HsXNu-fPau0/w-d-xo.html
Watching this video 20 minutes to exam
😂😂kumbe siko peke yangu
😂😂😂 ooh, I hope it helped. See these criminals 😅😅
See another criminal 🤣🤣🤣
@AringoFredrick it did help a lot 😂
Well understood. I was unable to solve this on my own. Thank you
Great. I am glad you have been able to find a solution on the same. Welcome.
thank you sir it was really helpful
Most welcome! glad it helped.
Sir please we need a Whatsapp group,
For accountancy students
Thanks and God bless❤️
Hello, yes we do have the WhatsApp group.
Kindly reach us out so that we can add you to our WhatsApp group.
Good evening sir
Please sir can I add you on WhatsApp for more information
7. Richex limited has provided the following profit and loss account for the year ended 31 December 2020:
Profit and Loss Account for the year ended 31 December 2020.
Shs
Shs
Opening stock
524,000
Sales
10,584,000
Purchases
4,692,000
Closing stock
761,000
Manufacturing expenses
2,563,000
Salaries and wages
252,000
Supplies consumed
466,000
General expense
85,000
Interest on loan
364,000
Commission and brokerage
0
Director’s fees
90,000
Auditor’s fees
55,000
Taxes
70,000
Bad debts reserve
43,000
Depreciation
296,000
Managing directors’ remuneration
648,000
Reserves
126,000
Provision for dividends
750,000
Profit for the year
300,000
21,000
11,345,000
11,345,000
The following additional information is provided:
Salaries and wages include Sh.20,000 contributed by the company to unregistered pension scheme.
General expenses include Sh.15,000 for donations, Sh.10,000 for contributions to a business pressure group that protects traders of the same kind.
Taxes represent VAT paid
Bad debts (specific) are Sh.180,000.
5) The fixed asset schedule is as follows:
Asset Year Cost (Shs)
Factory building 2015 4,000,000 (net of I.D)
Additional plant building 2020 2,000,000 - brought to use 1 July 2020
Machinery 2015 4,800,000 (net of I.D)
New machinery 2019 6,000,000 - fixed in new building
Computers 2019 1,000,000
Other machinery and furniture 2015 640,000
Required
Compute the capital allowances due to the company.
Show the adjusted profit (loss) for tax purposes for the year 2020.
State if any tax is payable.
PLEASE HELP
My question 2022 question 3 is about Kite Golf Club where we have receipts and payments.....
The question is not clear