great work, the subsequent treatment of the prepayment how should it be ? thank you
@charlesamofa58263 жыл бұрын
clear understanding... thanks senior
@nanayawowusukissi11092 жыл бұрын
very precise..God bless you
@olugbengadaniel5402 Жыл бұрын
So George, how about the prepayment figure in the journal? shouldn't it be in the extract of the statement of financial performance as a current asset?
@georgesaccountingtutorials Жыл бұрын
Thanks for your question, Daniel. The prepayment should be recognized as a current asset in the "Statement of Financial Position".
@Ricaurtetrujillo3 жыл бұрын
Please let me know how do we register the prepayment after the commencement date, thanks
@PraiseHYMN7252 жыл бұрын
I am waiting to hear this also.
@mohamedelsherif3507 Жыл бұрын
the difference between fair value and sale price is consider to be prepayment so the entity added this amount to Right of use asset and allocate the right of use asset over the remaining useful life or lease term whichever is lower.
@gamilaadam51333 жыл бұрын
You are realy helpful thanks a lot
@tracywilliams8814 Жыл бұрын
On IS and BS December 31, what happened to you prepayment recorded to your asset on January1, ignore them? Account them?
@christiancobbinah92963 жыл бұрын
Thank you
@georgesaccountingtutorials3 жыл бұрын
You're welcome
@maalimsopay16552 жыл бұрын
How will be when performance obligations not satisfied?
@nanayawowusukissi11092 жыл бұрын
please cover more standards
@md.monjurulislam22172 жыл бұрын
Where you have presented prepayment
@md.monjurulislam22172 жыл бұрын
Kindly respond, it is urgent Tomorrow my professional exam