Statement of Comprehensive Income (Income Statement) | Full Example

[@chammeana]

Thank you. You explained this very well.

[@Counttuts]

You are welcome. Thank you for the feedback.

[@hayatabdu9983]

Thank you

[@sylvianahmwamba1403]

Thank you for this its really helpful

[@josegalvez670]

I am a CPC in Spanish, and your videos help me validate my profession in the US,

[@tloumoreti4800]

explained better than 2 hours lectures i attend everyday

[@rebeccanansubuga2236]

Ooh my God, the explanation is amazing 👏. Thank you so big for your efforts and may God give you the grace to continue helping people like me. JAH BLESS,NO MAN CURSE

[@RhodahMukhwana42]

Thank you! I can now do my F.A assignment. Awesome lecture!

[@tjipeekerilkavari1314]

You are the best teacher...................

[@annacletanashira2630]

Watching from Namibia, everything is understandable and clear

[@boimamaleto9761]

Thank you for the lessons it helped me a lot I have exam on Friday

[@polokomogatusi3787]

The best explanation to comprehend ever!!!🎉

[@yoliswagumede]

Thank you so much. This has been explained well and is easy for accounting beginners like myself to understand. I have told my classmates about this channel, thank you

[@Counttuts]

Thank you for the feedback Yoliswa. And thank you for sharing, greatly appreciated :).

[@6piecesofcrispychris887]

Your videos and explanations are amazing, thank you for the effort you put into them.

[@JOYCEKABWE-z8s]

Am pleased with your explanation you are really good at this, you have created a better understanding thanks

[@AngelMthembu-t6n]

Very helpful for begginners like myself, loved it sir❤

[@ireenmkandawire5844]

You are great🎉❤. You don' t know what you have done!😊

[@ireenmkandawire5844]

Thanx a lot for you proper explanation. I am really helped ❤. Be blessed!

[@TebatsoMalope-c8d]

Thank you so much I'm going help my daughter with your good explanation 🎉

[@zanelemlangeni6850]

Thank you so much......I got this late, but I am happy. Looking forward to more ...

[@liapariswildcat5271]

Thank you am from zambia 🇿🇲

[@nathaliebruno4475]

Thank you so much for this video. It was extremely helpful to me.

[@ChristineAkiru-of5ej]

Best tutor ever,❤

[@saintpanic8060]

This is so helpful you explain better than my teacher

[@Counttuts]

Glad it helped. Thanks for the feedback.

[@SmileMatshoba-gw5mt]

thank you. you explained this very well.

[@bredanyambura8072]

Lovely lesson I enjoyed it❤

[@sbusisongubane3619]

I'm very happy I think I understand 70% the Couse of that it because you taking too many shortcut on calculation,I wish you can fix that even the video can be 1 hour . But you gave me some understand because I was lost from the book as I'm doing online learning from college

[@TshepoMoraope]

Really enjoyed .you make it easy to understand.

[@joshuamulandi6687]

Thank you, very clear and concise.

[@bridgettethandiwe611]

Wow this is so helpful. My lecture is making this so hard

[@nyashjnr6740]

I'm very grateful for this video, just when i needed it. keep it up!

[@tutorials_with_mateyo]

Thank you Sir.. very helpful tutorials

[@idealbusinessresourcescons1990]

I like the way you explain the Accounting Principles.

[@cynthianyachwo7197]

Thank you so much. this has been so helpful..

[@dipuonkaunyane5987]

Finally I understand. Thank you

[@ntokozomokwane1329]

Sir, you are so easy to understand. Thank you so much for this🙏🏾🙏🏾

[@JoshuaOsebe-mi9me]

It is helpful for me hence I can't forget about it

[@tinevimbogonye7987]

very helpfu;l. greatly explained and easy to understand👏👏👏

[@chanumuyadeborah5069]

Thanks alot sir, your tutorial has helped me alot.

[@TaonaTMushipe]

Thank you ,well explained

[@daphineotoigo8037]

im so grateful for this wonderful lesson. thanks

[@desmondmathebula9065]

Clear and understandable ,thanks

[@kabelojonathan729]

Very impressive and made easy

[@evadesamero4682]

thank you so much for this video I been struggle because we have activities to be comply this week yet she didn't teach us. she let us have a self-study. although she give modules but it doesn't help us well to understand this topic.

[@julianabot5594]

Thank you well explained

[@Abdur_mo]

Writing in 10 min......thanks bruv

[@DIMPHORAMOSWAANA]

INSIGHTFUL, THANK YOU SO MUCH

[@pinato2263]

i wish there was a example paper we can use, and follow along to the video to understand even more

[@sharongakii9233]

Thank you very much.explained very well

[@ebenezerfynn1604]

Thanks very much, really enjoyed it

[@naturesway5895]

Thank you very much for this video, very helpful

[@Counttuts]

You are welcome.

[@bahatienoka3410]

The show is good and helpful

[@SeithatiDikgabiso-vg7ky]

Your a good explainer

[@bopilaopila931]

wish you were my lecturer, very good

[@mbalusesay5155]

This was very clear

[@annelievanwyk327]

Thank you so much for your videos! I have watched a few and it is so helpful!

[@eunicenafula4587]

Was stuck,but thanks for explanation

[@adajisolomon5009]

Thanks, well explained and understood.

[@kudzieykudzai4762]

this was really helpful thank you so much

[@vanessayolanda7586]

This was so helpful...thanks

[@charanshani10]

In my lectures, there is something called other comprehensive income for the year after calculating the profit for the year. It says it is calculating (land revalued-cost of land) + (Building revalued-cost of building)

[@anthonykunda4455]

Well explained sir thank you

[@tuhaiseagnes8033]

Thanks alot... The lesson was awesome n splended

[@l.muwuyamuwuya9326]

Explained very well thank you

[@yay8371]

Thank you you are a life saver

[@fetcherent3934]

Thank you so much.... understood 💪

[@mazinnnoor487]

Thank you for this good lesson

[@YolandaTukuma]

Thank you for this ❤

[@sarishjainarain1530]

Thank you very much, this is well done

[@kamogelosambo9396]

Thank you , this is helpful 🙏❤

[@patrickmoses]

its very helpful, sir what about u are asked " manage renumeration is to be allocated as cost of sales, distribution cost and admin expenses"

[@basetsanamasinga7742]

WOW thank you sooo much

[@Uzi-yx7sw]

explained very well! I have a question tho: on the balance sheet for non current liabilities will we then put the total debenture loan borrowed of 100,000 and second question - often times on the trial balance given they write it as "Debenture(12% - 2007)" : what does the 2007 imply is that the year by which the entire loan will be paid off or the date of which the loan was borrowed

[@aseshntanjana5548]

Thank you🎉

[@arunputhalath766]

thank you..... well explained...

[@mvuyisiapril1208]

Thank you grootman!!

[@georginambambo151]

Your the best

[@Nkanyezie]

thank you so much for this

[@karabotladi4803]

Thank you so much sir💗

[@velaphimdhluli5803]

thank you for the lesson

[@LawrenceobitaNyabuto]

From Nairobi Kenya 🌚

[@abuamod7]

can you do a video explaining trading stock deficit with regards to income statement

[@Joyce-mr4qb]

🎉🎉🎉🎉thnk u so much❤

[@h.hassan7424]

Nice video, kindly someone tell me the following comes in operating income or not? 1. Other operating income 2. Other operating expense 3. Profit/Loss on equity-method investments, net 4. Other financial income/expense, net 5. Result from equity accounted investments 6. Other financial result i appreciate your effort, thanks in advance

[@rajahab3223]

Thank you very much

[@gydiekikelo8944]

Well explained. Quick question, what if you given premises, capital, drawings and cash in hand in the trial balance? How is it going to be entered in the p&l..

[@ericdirobabona1750]

I think it would be better if you add columns for your adjustment to show the net movements. Nevertheless, the tutorial is fine. Thank you.

[@amuleemmanuel7748]

Thank you so much . however in a situation like this (for business with sales exceeding 800,000 is taxed at a rate of 8%) is it affecting the Income statement ?

[@TheEloim_]

If your countrys tax rate is different you will of course apply your 8% at the bottom of the income statement when doing the tax expense

[@JendryWariapa]

Thanks ❤

[@nodineludik2585]

How would you do a income statement if they give you the cash book summary and extracts from ledger balance?

[@makgomodiale6255]

where do we add purchases returns is it under expense or add to the cost of sales calculation

[@cintaba1]

Please, sir, I have 3 questions that require your help. Q 1 £ 1500000 of revenue returns are treated as revenue in 2019, in error. Please how do I record this in income statement or BS? Q2 Land(included in the trial balance at the value of £10,000.000) is to be revalued to £ 13.000.000 in the 2019 financial statements, again where do I record this adjustment question? Land & building on trial balance is £ 12.200.000. Q3 An item of plant, which still remains in the books, was sold for £5000 on 1St October 2019. This amount was credited to admin expenses and debited to the cash account. The original cost of the plant was £ 12000 and its net book value at July 2014 was £ 6000. Once again how do I record this adjustment? Thanks so much.

[@danielinnocent1549]

thank you for the vide can you pls do sofp and statement of cash flow with the same data question

[@buyisiweprecious1791]

you made it easier to understand but i dont get the depreciation part well,you didnt' subtract anything from 90000 from the depreciation accumulation on equipment since there's nothing on the credit unlike vehicle costs?could you help and what about those that are left like bank,creditor's control ect?

[@ningishenilusia6155]

thanks very much

[@Royal-gallore224]

Soo sir what about custom duty? Do you capitalise on your sales or it's also an expense?

[@joshmatthews3670]

Thank you sir

[@officialkeamo_]

Is it safe to draw timelines for adjustment 2 and 5??

[@WangaSibanda]

Sir, when calculating the cost of sales are you not supposed to subtract your returns also...OPENING STOCK +PURCHASES-RETURNS+CARRIAGES-CLOSING STOCK

[@Percy2clean]

Depends on information but you right

[@Viwe777]

how do I deal with opening stock that is less than closing stock? I'm trying to calculate Cost of Sales.

[@viviankhadhoori8368]

Thanks a lot, you explained very clear but if I had the directors proposed to pay the dividend for the preference share and 1% dividend for ordinary share capital, Ordinary share capital 50000, and 8% preference share capital, what I have to do?

[@tendaimundoringisa6502]

Hello after profit after tax ,you can subtract the appropriations such as divided etc

[@GaoneThapelo-mx3fn]

Hy what if we have both debentures and long term loan in the trial balance, how do it

[@GetrudeKizy-lk7gt]

Thank 🎉

[@khayukhunou-xn4bd]

Can u post the question you are doing soo we can do it our selfs