You are a great teacher. Kudos sir. Kindly be given us exercise to try our understanding after each of your topic solution. Possibly from past questions . I remain Ezikanite on RU-vid for life.
Thank you sir, you have made it very easy for me to understand. But please assuming there was a profit accrued by the company in the question, since you said profit is not included in the budget, would that part of the question be ignored?
It depends on how the question is structured. If there is element of profit in the cash flows, then you will need to remove it from the cash flows and if the profit is given as a separate line item, that profit should be ignored
Thank you sir, I always look forward to your teachings, God bless you sir. But please I think the opening balance for the total ought to have been 750,000 instead of 4,727,475 which should change the closing cash balance to #4,727,475.
Thanks for job well-done But I do not think that the final answer of N8,704,950 as the Net Cash receipt at the end of the Q1 is correct. Kindly look into it again and respond.
