Consolidated Statement of Profit or Loss (Part1)

[@ExplainItSimplybyfortune]

Thank you sir this will be helpful for me in my exams

[@Ezikan]

Glory be to God

[@prosperbello4310]

Sir,in the case of consolidated financial position.should acquisition done during the year be prorated?

[@Ezikan]

No, you don't apply time appointments to consolidated statement of financial position

[@ganiyushakiru6653]

Hello Mr. Ezekiel. As per the treatment of unrealised profit, are we to add or subtract it from the consolidated cost of sale?

[@Ezikan]

Add it

[@cassandraigbanugo9754]

Weldone sir. You've done well. Kudos👍

[@prosperbello4310]

Okay..thank u Sir....May God continue to increase u for this great work u are doing for us..

[@prosperbello4310]

Sir, God bless u for ur good deed..
Pls,do u have vidoe for consolidated statement of equity?..if yes ,hoe can i find it?

[@Ezikan]

I have not seen ICAN setting questions involving that.

[@prosperbello4310]

Okay..thank u sir

[@morenikeajiboye1015]

What are administrative expenses

[@Ezikan]

Expenses incurred on administrative activities of the business eg Salaries and wages, Rent and rates, insurance etc

[@igbokwechinecheremjacinta2263]

Thank you sir