Alot a respect elder big up uh self i trust that I will pass this accounts exam 🙏
@adapttuition2 жыл бұрын
Best of luck 👍🏽😁
@anneanziya61584 жыл бұрын
I love watching your videos. I get to understand the concepts better. I’m preparing for my CPA exams n I’d wish for you to create the next video on Financial statements of a manufacturing entity and accounts from incomplete records. Thank you.
@anneanziya61584 жыл бұрын
Also financial statements of a not for profit making organization.
@adapttuition4 жыл бұрын
Thanks so much for your compliments 😊 happy to know you’re learning and enjoying! Manufacturing is on the agenda and will probably be early March. Incomplete records may be a bit tricky as they took that off the syllabus that I teach. So I don’t have too much material on that. But I’ll take a look because I love that topic and how challenging it is.
@adapttuition4 жыл бұрын
anne anziya the syllabus I teach also had most of its material on non-profits removed but I really like that topic in its entirety. I will see what material I can find and what I can do.
@orlandobailey22373 жыл бұрын
Did you do the exam n how was it. How long was it
@tomaidaphiri146523 күн бұрын
It's the word of encouragement at the end of every video.😭😭 Thank you so much.🧡
@adapttuition23 күн бұрын
Gotta plant those seeds of belief and positivity too! You’re very welcome and thank you for watching 😊❤️
@ashleyheywood68853 жыл бұрын
Sir I think you should calculate half, because you are only required to calculate for half of the year, not the full year. My teacher loves to recommend your videos to us sir, thank you for passing on your knowledge to us.
@adapttuition3 жыл бұрын
Thanks for the input :) Happy to hear that you find the resources helpful! Wishing you the best of luck for exams and beyond!
@ashleyheywood68852 жыл бұрын
@@adapttuition thank you sir it payed off.
@adapttuition2 жыл бұрын
Happy to hear that, Ashley! Happy new year! Wishing you all the best for 2022 and beyond!
@ashleyheywood68852 жыл бұрын
@@adapttuition Thank you sir, same to you.
@SauchelAbena4 ай бұрын
Exams in just about 7 days 😭
@adapttuition4 ай бұрын
Give or take a day or two 😅 That’s still a lot of time to learn a few things.
@muhammadirtaza46384 жыл бұрын
hello sir You're videos are extremely helpful and the concepts you teach are very vivid and comprehensible.Moreover, i request you to make more past paper solution videos mainly pertinent to balance sheets Much obliged and grateful.
@adapttuition4 жыл бұрын
Hi! Thanks for your comment! Hope you're doing well :) I will be resuming video making in September after a short vacation (just finished teaching summer classes). I have some other topics on the agenda but Balance Sheets is something I've wanted to do for a while. So those videos will be coming but it might be really late this year or early next year.
@varunedabisaran19552 жыл бұрын
hi sir thanks for helping me through my poa journey it was a shaky start due to the pandemic but your videos and explanations helped me tremendously now i use these vids to polish up thanks for everything sir your work is greatly appreciated ❤
@adapttuition2 жыл бұрын
Hey Varune 😊 You’re very welcome! Happy to hear you found the videos helpful Keep up the good work 💪🏽🧠
@varunedabisaran19552 жыл бұрын
gn again sir btw what do they mean by this (4. Accounting for Limited Liability Companies, Co-operatives and Non-Profit Organizations) for eg what questions do you think they will bring
@adapttuition2 жыл бұрын
Hi, for limited liability companies and cooperatives they can bring income statements, appropriation accounts, balance sheets, and journal entries when they issue shares (and debentures for limited liability companies). For non-profit organizations all they can ask you is the receipts and payments account.
@varunedabisaran19552 жыл бұрын
@@adapttuition Thank you sir greatly appreciated have a good night
@adapttuition2 жыл бұрын
Thanks, you too Happy to help
@shemarhenry182 жыл бұрын
Chris my teacher taught me to add Retained Earnings brought forward to the net profit and also I learnt that if there is any corporate tax you less it from the Net Profit
@adapttuition2 жыл бұрын
Hi, You can add retained earnings to net profit before you do your appropriation 😊 And yes, if there is tax you subtract it before you add the retained earnings and appropriate profits.
@trinityhamied4 ай бұрын
Thank you sm , I was super overwhelmed with this topic, I feel better now. Love the outro as well!
@adapttuition4 ай бұрын
Glad you liked it!! :-)
@trinityhamied4 ай бұрын
@@adapttuition :) btw, why didnt you divide the Ordinary shares by 2 as well? (21:32)
@danphantom25834 жыл бұрын
You're a life saver, thank you for making these videos
@adapttuition4 жыл бұрын
Happy to help! If you have any questions please feel free to let me know!
@jendayijones22774 жыл бұрын
Some topics that I’d love to see Sir!
@adapttuition4 жыл бұрын
Jendayi Jones thanks for the suggestions. Will see what I can do.
@shemarhenry182 жыл бұрын
Please create another video on Limited Companies but do some questions where you prepare the income statement, appropriation account and a balance sheet together
@adapttuition2 жыл бұрын
Hi, you can check the past paper solutions for this pieces.
@shemarhenry182 жыл бұрын
@@adapttuition Okay
@avitriedhansook16602 жыл бұрын
I have watched all your videos 😭😭using this knowledge today in exams
@adapttuition2 жыл бұрын
Good luck! 😊
@vaishnavipersad46082 жыл бұрын
thank you for putting it in a playlist!!!!! it really help :)
@adapttuition2 жыл бұрын
Happy to help! 😊
@leonardopagan51824 жыл бұрын
Can you create another video on limited companies. But this time could you do a question where you prepare, an Income Statement, an appropriation account and a balance sheet altogether.
@adapttuition4 жыл бұрын
Thanks for the suggestion :) I'm sure that will be helpful for a lot of people! I'll see what I can do as my time is a bit more limited than usual.
@shemarhenry182 жыл бұрын
Chris my teacher taught me to put Transfers to reserves first then Dividends
@adapttuition2 жыл бұрын
Hi! You can do that 😊
@julietsoku80904 жыл бұрын
i like watching your videos all the time God bless you please sir can you do a video for cashflow statement for indirect and direct method thanks
@adapttuition4 жыл бұрын
Hi! I plan to do Cash Flow Statements a bit later this year but the thing is I never learned how to do the direct method. I'll look into it and try :)
@reenasingh2392 жыл бұрын
Very Informative!! Thank you Sir!❤
@adapttuition2 жыл бұрын
Glad it was helpful! Keep up the good work :D 💪🏾🧠
@smoothg101_5 Жыл бұрын
Sir at 9:30 why didn't you use the 2$ to multiply for the ordinary shares? it said that it had 1,000,000 ordinary shares at 2$ par value
@adapttuition Жыл бұрын
Hi Dishaun :) That's because the ordinary dividend is a PER SHARE dividend. So only the number of shares is used in the calculation and not the par value. I think I mention this in the video :)
@somerandomdudeontheinterne73624 ай бұрын
big up old boy, this Poa exam int looking too hard anymore 🙏
@adapttuition4 ай бұрын
Happy to hear that! What topics are you looking forward to doing?
@somerandomdudeontheinterne73624 ай бұрын
@@adapttuition Manufacturing accounts I especially enjoy doing, now that I understand the premise of the account. As well as LLCs appropriation accounts.
@adapttuition4 ай бұрын
That’s awesome! What about bank recs? How are you with those?
@somerandomdudeontheinterne73624 ай бұрын
@@adapttuition Where is the bank recs concerned? Also which video covers the bank recs?
@adapttuition4 ай бұрын
You can find those on my channel. There a bank recs playlist
@_sinco_clair_23013 жыл бұрын
Good thing this video exist because I didn't see the appropriation in my text book for LLCs🤣❤
@adapttuition3 жыл бұрын
Hi, I’ve become aware of the statement of changes in equity replacing the appropriation account. But I need to find more info before I do a follow up video because the source of that info had some other questionable info.
@_sinco_clair_23013 жыл бұрын
@@adapttuition a follow up video would be great i hope it comes through ❤❤❤
@adapttuition3 жыл бұрын
Yeh, I am working on gathering the information. Just spoke to my cousin’s husband who isa chartered accountant and he confirmed some stuff and will send me info.
@_sinco_clair_23013 жыл бұрын
@@adapttuition Yay 👍😁
@butterflygirl47712 жыл бұрын
Hii sir for @9:36 how come u didn't multiply the 1,000,000 ordinary shares by the $2 par value....then multiple the ordinary dividend of $0.50 per share..so like this; Ordinary share (1000000×$2 ×$0.50) How u didn't do that??
@adapttuition2 жыл бұрын
Hi 😊 If it’s $0.50 per share then we need to multiply by the number of shares. If you multiply the $2 you are then using the value of the shares. Check out my video on shares and dividends in my LLC playlist I explain it there too 😊 Keep up the good work 💪🏽🧠
@butterflygirl47712 жыл бұрын
@@adapttuition or ok sir💜..but what about the $4 preference share at par...isn't that a par value aswell? So y is it being multipled under dividends its a par value? P.S sorry to bother u sir😭😭I'm juss a little confuse and I want to understand that part before I continue to watch the rest 💜💜
@adapttuition2 жыл бұрын
Hey 😊 no worries, I totally get the desire to understand, you don’t have to apologize for that. With preference shares the dividends are usually given as a percentage which is then multiplied by the value of the shares so that’s why we multiply the par value in the process of finding the preference dividend. Check out the video i mentioned though, it may help 😊
@butterflygirl47712 жыл бұрын
@@adapttuition or okay sir💜make sense 💯make sense💯....thanks alot 💜💜💜😁 ...and yeah sir I watched the other video with the journals before I watched the llc appropriation
@adapttuition2 жыл бұрын
Happy to hear that 😊 Keep up the good work! You got this 💪🏽🧠
@musicviews93282 жыл бұрын
If they have both the final dividend and interim dividend for the ordinary share, should calculate the final dividend in the income statement (not the interim) then put both interim and final dividend in the balance sheet
@adapttuition2 жыл бұрын
Hi 😊 that’s an interesting take. From what I know dividends are paid out of profit and are appropriations. As such, whether it was an interim or a final dividend it would still be shown in the appropriation account for the end of the period. Also, these items would only be shown in the balance sheet in the current liabilities section if they were owing at the end of the period. Since the interim dividend is paid earlier during the period it would not be owing at the end of the period and as such would therefore not be shown in the balance sheet. However, if you can point me in the direction of where you learned your approach I would be glad to take a read.
@musicviews93282 жыл бұрын
@@adapttuition it’s past paper 2005, I was attempting to do.
@adapttuition2 жыл бұрын
Ok will check it out once I have the paper
@musicviews93282 жыл бұрын
So what about cooperation tax, government tax and legal expenses, will these also be classified as a expense , subtracted from the gross profit?
@adapttuition2 жыл бұрын
Hi, taxes are expenses and are calculated and subtracted after all other expenses. Legal expenses? At the CSEC level I believe we would include them with the other expenses and subtract them from gross profit to find net profit
@pahapaijembari90072 жыл бұрын
Thank you from namibia 🇳🇦
@adapttuition2 жыл бұрын
My pleasure to be of assistance 😁 Keep up the good work 💪🏾🧠
@leonardopagan51824 жыл бұрын
I think you should pay the shareholders half of their original shares because of the six month period.
@adapttuition4 жыл бұрын
That is correct! :)
@quinamasarira21163 жыл бұрын
and thank u sir. lovely!
@adapttuition3 жыл бұрын
My pleasure :)
@marangk62783 жыл бұрын
Your videos are amazing!! I have a question, why did we use $0.50 instead of $2 when calculating preferences share dividends?
@adapttuition3 жыл бұрын
Hi! Thanks for your question. It would help if you told me the question number, or the question name, or type the time in the video to which you were referring as it's difficult to know exactly which example/question you're talking about. If it's question 2 with Dub Lem Ltd then you can take a listen from about 09:30 in the video where I explain the logic behind what I did for the ordinary share dividend. The question tells us that the dividend per ordinary share is $0.50. The $2.00 is the par value which is the value assigned to the share. If you listen to 09:00 you will hear the explanation for the calculation of the preference dividend. Hope this helps.
@marangk62783 жыл бұрын
@@adapttuition thank you so much sir!
@adapttuition3 жыл бұрын
Happy to help 😊
@tobiasdaka57494 жыл бұрын
Youre a life saver 👏🏽👏🏽
@adapttuition4 жыл бұрын
Thanks! Glad you found the video helpful. Where are you from?
@tobiasdaka57494 жыл бұрын
@@adapttuition Republic of Zambia
@MohammadAbdullahAsif-el9dd5 ай бұрын
please tell me when we calculate dividend amount at preference share we multiply no.of share with price and then after we take percentage on this price then we have comes the actual ammont of divident but in case of ordinary share why we do not multiply no. of share with price?
@adapttuition5 ай бұрын
HI! So, preference dividends are usually a percentage of the par value of the share, whereas with ordinary shares a fixed amount is usually paid per share. For example, there may be 1,000, 10% preference shares of $5 par value issued and outstanding. The dividend on them will be 10% of 1,000 x $5 = $500 There may also be 10,000 ordinary shares of $1 par value issued and outstanding, and the dividend payable may be $2 per share. So the calculation would be $2/share x 10,000 shares = $20,000 The ordinary dividend can also be percentage based but the question usually tells you what basis to use for each share.
@jendayijones22774 жыл бұрын
Manufacturing, Stock Val, Cashflow, Payroll.
@adapttuition4 жыл бұрын
Jendayi Jones working on manufacturing after my next video so expect that around early March.
@musicviews93282 жыл бұрын
U need to do a video on payroll
@adapttuition2 жыл бұрын
Payroll past paper questions kzbin.info/aero/PL9u_QIMhEllvZ8cwIO74omq-wTvyI55Ck Here you go
@Korruplee3 жыл бұрын
so for the last example with the "preference 8% of 250,000 x $2 x 6/12" 23:16 did you came to a conclusion if it's the full year are half should be calculate correct if that's not what you mean??
@adapttuition3 жыл бұрын
Hi, I thought I pinned a comment with the answer to this question already 🤨 I was informed that it was for half the year. I'm not in total agreement with it but I'll accept it for now.
@shanband69972 жыл бұрын
18:03 . Why did you less debenture interest from the net income debenture interest? The debentures should be added to the expenses.
@adapttuition2 жыл бұрын
Hi Shan, so you are correct about debenture interest being an expense. Sometimes however though the question gives you net income BEFORE debenture interest, which means that the debenture interest has not yet been deducted, and therefore before you do the appropriation account you have to subtract the debenture interest (or any other expense they HAVE NOT deducted but should have). Hope that helps!
@shanband69972 жыл бұрын
@@adapttuition how do you know when to deducted ?
@adapttuition2 жыл бұрын
Hi Shan, usually once it says “net profit before (debenture) interest” and you have to do an appropriation account you need to deduct the interest before doing the appropriation account.
@shanband69972 жыл бұрын
@@adapttuition ohk thanks Do you have an Instagram account?
@shanband69972 жыл бұрын
@@adapttuition at all times when it says net profit before we should deduct from it right? And this goes for the appropriation account at all times? Just want to know? You are so helpful.
@riannaboyd63833 жыл бұрын
God Bless you richly sir😭😭🙏🙏
@adapttuition3 жыл бұрын
Many blessings to you too! Thank you :)
@riannaboyd63833 жыл бұрын
Don't know what I would have done for exams Monday after my teacher stopped teaching
@adapttuition3 жыл бұрын
Glad to be able to provide something to help you and others who also find themselves in your position.
@seleeshabernard75864 ай бұрын
hi sir my teacher taught me honoraria is supposed to go into the appropriation account?
@adapttuition4 ай бұрын
Hi Seleesha, yes but that’s for cooperatives. Honoraria is not an item in LLCs
@trinityhamied4 ай бұрын
hey, at 17:47 why don't we use 0.80 for the preference share? I'm kinda getting confused with the two
@trinityhamied4 ай бұрын
also, why didnt you divide the Ordinary shares by 2 as well? (21:32)
@adapttuition4 ай бұрын
I explain the calculation of the preference dividend between 17:15 and 17:40
@adapttuition4 ай бұрын
The par value of the ordinary shares is $1 The par value of the preference shares is $2
@trinityhamied4 ай бұрын
@@adapttuition thank you :)
@adapttuition4 ай бұрын
Happy to help 😊
@chris-annholder26363 жыл бұрын
sir i dont think you should half the preference dividends because it always has a fixed amount rather than ordinary...correct me if i am wrong
@adapttuition3 жыл бұрын
Hi, I share your sentiment. However, the preference dividend is based on a percentage and percentage accrues evenly over time.
@christinebezzina59953 жыл бұрын
On a side note, why didn't you half the Ordinary Shares as well (Dividends)? Thank you 🙂. I think i know why, because it said 'Interim Ordinary Dividend'.
@adapttuition3 жыл бұрын
That’s correct 👍🏽😊
@leiothiaharris43464 жыл бұрын
How do you treat proposed dividend owing in the appropriation a/c at the end of the financial year?
@adapttuition4 жыл бұрын
Hi, it is subtracted in the appropriation account.
@nklpapa12 жыл бұрын
excellent !! how do you use excel to show your presentation . most tutors use power point ..
@adapttuition2 жыл бұрын
Hi 😊 I prefer excel. PowerPoint is amazing too but Excel gives me more flexibility for what I want to do. I did a few online courses, watched a lot of KZbin videos, and read quite a bit to gain the knowledge I currently have. However it takes time and practice to really get good at it.
@katerinaharrilal2942 жыл бұрын
Sir when doing a appropriation account for LLC and there’s no net profit given how do I work the question
@adapttuition2 жыл бұрын
Hi Katerina! Wow, that’s a pretty interesting question. Are you sure there’s no profit? If you’re on Instagram Send me a pic @adapttuition
@kavinavina47272 жыл бұрын
sir, quick question.. when the question extract part of trial balance for shares then they want us to do balance sheet, do we have times with the par value or no need?..... i very confuse on this part
@adapttuition2 жыл бұрын
Hi 😊 Ok, so I’m not entirely sure what you’re asking me. From what I can gather you need to do a balance sheet extract for the capital section of the balance sheet. When presenting information about the shares you should show their par value. For example, if the entity has 100,000 ordinary shares at a par value of $2 per share then you could show the following in your balance sheet under the share capital section: Ordinary shares (100,000 @ $2 each) = $200,000 So that way you communicate the number of ordinary shares, the par value per share, and the total par value of the 100,000 ordinary shares. I’m pretty sure I show this in the video. But I know sometimes ppl still have questions and I’m happy to answer. So I hope this answer helps 😊
@adapttuition2 жыл бұрын
Just realized this was the appropriation account video. I have another video in this playlist that deals with the balance sheet for limited liability companies. You should check it out 😊
@ajanimiller7983 жыл бұрын
sir why didnt you use the $2 par value to multiply by the 1,000,000 instead of the $0.5
@adapttuition3 жыл бұрын
Hi, could you type what time in the video you are referring to so I can click on that and go straight to what you are talking about? 😊
@reuelstewart55073 жыл бұрын
for the second example i noticed the par value for ordinary shares were $2 so shouldnt it be 2mil by 50 cents
@adapttuition3 жыл бұрын
Hi :) Thanks for watching. The par value is $2.00 per share and the number of shares being issued it 1,000,000 so the total amount of capital raised is $2.00/share x 1,000,000 shares = $2,000,000 worth of share capital issued. Hope that helps :)
@deseannewman43443 жыл бұрын
@@adapttuition love yr videos. so did u make a mistake? because $2 shares for 1 million ordinary shares will be 2,000,000 then u times it by the 0.5/share then it reverts to 1 mill again. is it like that.
@kayla03993 жыл бұрын
@@deseannewman4344 I was thinking the same thing @adapttuition can you clear this up please sir?
@Korruplee3 жыл бұрын
so in the balance sheet of LLCs the premium share is not record like the General Journal balance sheet where we would have reserves and the premium shares?? do you understand because i think that was too much lol?.
@adapttuition3 жыл бұрын
Hi, I am honestly not sure what you’re asking me here 😕, sorry There is no such thing as a general journal balance sheet
@Korruplee3 жыл бұрын
@@adapttuition lol maybe its call a balance sheet extract i dont know:( but after you did the journal entries you did a balance sheet but okay i see if i understand further in the video. thank you:)
@adapttuition3 жыл бұрын
Ok cool, let me know
@epiczone5512 жыл бұрын
Does cumulative preferences are entered in the appropriation account
@adapttuition2 жыл бұрын
HI! The preference shares themselves do not enter into the appropriation account. They would appear on the balance sheet. Dividends due on shares will definitely appear in the appropriation account though. Hope this helps.
@keneishagreen2893 жыл бұрын
Sir can you a video on disposal of non current asset please
@adapttuition3 жыл бұрын
Hi! I'd really like to do that video but that topic is not on the CSEC syllabus. I'm focusing on items that are on the syllabus initially then I will go back and do supplementary topics that will help students who are doing syllabuses other than CSEC.
@epiczone5512 жыл бұрын
Can you do examples on departmental account please
@adapttuition2 жыл бұрын
Hi! Thanks for watching and commenting. Unfortunately that topic is not on the syllabus I teach so I don’t have any material on it nor have I ever actually done that topic as a student. Sorry 😕
@nazariaalexander-williams17794 жыл бұрын
Hi, do you happen to have any videos on Cooperatives? If not, how soon do you think you will have one available
@adapttuition4 жыл бұрын
Nazaria Alexander - Williams hi, i haven’t made that one yet. The plan is to do one on balance sheets for LLCs, then manufacturing accounts. That should take me to mid March or so. Perhaps after that I might do cooperatives.
@tomterrific60853 жыл бұрын
13:44, Sir for the example with Werjorg calculated net income without putting the less expenses on the appropriation a/c. Is that a problem doing it that way
@adapttuition3 жыл бұрын
Hi, to calculate net income you need to subtract expenses. If you don’t subtract net income then you didn’t find net income. Also, expenses don’t go in the appropriation account, they go in the expense section of the income statement.
@tomterrific60853 жыл бұрын
@@adapttuition I did, so instead of putting less expenses and then calculating the total expenses, I calculated the expense and then calculated the net income, which was 1,100,000. If you understand what I’m saying.
@adapttuition3 жыл бұрын
If you want you can send me a pic on Instagram @adapttuition
@tomterrific60853 жыл бұрын
@@adapttuition ok I will
@marques40033 жыл бұрын
Sir would you include depreciation or provision for depreciation under the expense column
@adapttuition3 жыл бұрын
Depreciation expense. It can be called the provision for depreciation sometimes. But be sure that you are using the depreciation charge for that year only in the income statement and NOT the total accumulated depreciation on the asset as at that date.
@melany73763 жыл бұрын
thank you. this helped
@adapttuition3 жыл бұрын
Glad it helped! Thanks for watching. Wishing you all the best :)
@shenequansirjue9493 жыл бұрын
Thank you sooooo much 🙏
@adapttuition3 жыл бұрын
You're welcome 😊
@DEJUAN.M4 жыл бұрын
Thanks a lot. Really helpful.. is it possible to do one for Manufacturing accounts.
@adapttuition4 жыл бұрын
Hey! That’s on the agenda and will either drop next week or early in March! Look out for it and let me know if it helps 😊
@DEJUAN.M4 жыл бұрын
A Different Approach Tuition Limited.. That will be great. I will wait for the next one.. Thanks👍🏽
@adapttuition4 жыл бұрын
DEJUAN .M. And thank you for watching 😊
@shanband69972 жыл бұрын
18:03 Why you never $100,00×$100=1,000,000 ×12%?
@adapttuition2 жыл бұрын
Hi Shan, are you asking about the debenture interest? Maybe you can check out the 16:44 time in the video. Let me know if that answers your question :)
@khiabynoe46142 жыл бұрын
Gn sir this is exactly how it comes
@adapttuition2 жыл бұрын
Hi Khia 😊 This is the usual way but there can be some variation in the information. Overall the underlying concept is the same so try to focus on that and it will guide you through the questions. Keep up the good work 💪🏽🧠
@khiabynoe46142 жыл бұрын
@@adapttuition thank you Sir I have been watching your video often but somehow I find subscriptions account is very hard
@adapttuition2 жыл бұрын
Hi Khia, Subscriptions accounts can be a bit tricky but you get the hang of it with practice. But also, they removed subscriptions accounts from the CSEC PoA syllabus in 2017. So you don’t have to know it for this upcoming exam.
@khiabynoe46142 жыл бұрын
@@adapttuition sir the bring it back for 2022 I saw it on the broad topics I am writing cxc
@khiabynoe46142 жыл бұрын
They
@esthertimothy...40444 жыл бұрын
Whatis the difference between partnership appropriation account and company appropriation account?
@adapttuition4 жыл бұрын
Hi! The appropriation account in both cases shows how the profits of the entity are distributed to the owners. In the case of a partnership the owners are the partners and the the distributions to them can take a few forms: interest on capital, partnership salaries, and a share of the profits/losses after the above mentioned appropriations. In the case of LLCs the owners are shareholders and the only appropriation that goes to them is dividends (ordinary and/or preferred). The only other appropriation of profits in the case of an LLC is the transfer to reserves (setting aside of $) for specific purposes such as fixed asset replacement or a general “savings”.
@esthertimothy...40444 жыл бұрын
@@adapttuition thank you very much, but will you help me with three other, bcoz av been suching with no success. PLEASE.
@adapttuition4 жыл бұрын
@@esthertimothy...4044 I'll try.
@esthertimothy...40444 жыл бұрын
@@adapttuition thanks al be blessed with that 🥰..
@seemaseebaran86272 жыл бұрын
Hi sir does the ordinary share dividend divided into 6/12 also?
@adapttuition2 жыл бұрын
Hi, Seema :) The directors can declare an interim dividend which is a dividend paid during the course of a year and not at the end of a year. Now if it's a per share dividend the 6/12 adjustment does not apply. If, however, it's a percentage dividend then I believe that the 6/12 adjustment would apply. Hope that helps.
@claudiavickers12994 ай бұрын
Did you ever find the answer to your question?
@adapttuition4 ай бұрын
I forgot the question. Please remind me 😊
@claudiavickers12994 ай бұрын
@@adapttuition An appropriation account for a six-month period where I ask a question for you to vote on.
@gachalayla59362 жыл бұрын
Question!! how do you know which columns to put the values in ??
@adapttuition2 жыл бұрын
Hi! So this comes with practice. My philosophy is I want important totals in my rightmost column. Any working to get those figures goes one column to the left And if any of those figures in the middle column need working I shift left one more time
@gachalayla59362 жыл бұрын
@@adapttuition thank you
@quinamasarira21163 жыл бұрын
does this also apply for accounting igcse
@adapttuition3 жыл бұрын
I believe it does, yes.
@whackeduphairking98814 ай бұрын
can you explain why you wouldnt multiply the 1m ordinary share by $2 then get 2mil and then mutltiply that by the 0.50? 9:37
@adapttuition4 ай бұрын
Because it's a PER SHARE dividend. It's based on the NUMBER of shares outstanding Not the value of the shares like the preference shares.
@whackeduphairking98814 ай бұрын
@@adapttuition i understand now and im getting full marks :}}}}}}}}}}}}
@adapttuition4 ай бұрын
@whackeduphairking9881 that’s what we talking bout, man!!! Let’s gooooo!!!!!
@shernzmusic389610 ай бұрын
🎉🎉
@adapttuition10 ай бұрын
Thank you 😊
@rudestlittlesoundwave6423 жыл бұрын
Excellent as usua!! Keep up the good work.
@adapttuition3 жыл бұрын
Thank you very much! Will do! Wishing you all the best :)
@rudestlittlesoundwave6423 жыл бұрын
@@adapttuition I asked my students to subscribe to your channel 🤗 cause you are that good!!!