AS/A Level Accounting - Profit Reconciliation under Absorption and Marginal Costing

The video explains how to prepare the statement reconciling the profit arrived using the concepts of absorption costing and marginal costing.

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The entire syllabus for AS/A Level will be covered through this video series and students can revise using these videos for the forthcoming examination.
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[jasim]

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[ajumalabdulla]

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[FredrickNaamanGura-tvfe]

Thankyou very much for your teaching💯❤️

[sugomadicc]

THANK YOU SIRRR, UR WORK IS MUCH APPRECIATED

[prettyhadebe]

Wonderfully explained and very detailed. Thank you very much. I failed, however, to understand the explanation of why we add the difference in opening inventory and subtract the the difference in closing inventory, should we start with the profit under AC, that is. Otherwise, everything else was clear enough, and I am very much grateful.💌

[mW-lxqo]

You’re the reason I got A* in IGCSE please keep posting so I get the same in A level 🙏🏽

[rifaan]

your work is appreciated sir and there are many out there that need your videos🙏bless up

[Cookie-vqsy]

These lessons are explained really thank you so much. I found these really helpful to get through my exams 😊

[farhantajwarahmed]

Just came here to let you know that I have watched all of your videos for IGCSE and Alhamdulillah got a 9 (A*) - 137/150 in Accounting. Thank you so much!
Recommended your channel to all my fellow juniors, YOU DESERVE EVERY GOOD THING ❤❤ thank you

[Tanveer-Rahman]

You made your last video on 16 Nov 21 and Feb 22 have just started. Long time since you uploaded the last video. Please don't stop making videos. Still a lot more to do and cover. Keep on making videos. A long way to go.

[enmojbd]

why dont we consider the opening inventory during valuation of closing inventory for the marginal costing example?

[juichaudhari]

Can you please explain why cash is a debit balance in trail balance

[Spex]

But gp is not the same as the actual profit, won't fixed costs for marginal costing be considered as an expense?

[vanshbhansali]

waiting for igcse economics videos, it could be very helpful if u upload them....thanks

[emanmalyk]

Hello Sir…did u made any video on Standard costing?
I have been trying to find videos on A2 level Costing but unfortunately couldn't find any video on ur channel.

[luyandamasuku]

Sorry Edex World, but @ 9:13 how did you calculate the 80 units left?

[farhaankhodabaccus]

What is the treatment of replacemnt cost while valuing inventory?

[farhaankhodabaccus]

Inventory which cost $1200 has been damaged. It would have sold for $1800 when perfect. It can be sold for $1 700 if repairs are undertaken at a cost of $600. To replace would cost $1000. At what value should the damaged inventory be shown in the financial statements?

[kalashsapkota]

Sir I can't access your WhatsApp I have some querries

[AneleDube-by]

Sir you are lying. We didn't look at the applications involved in absorption costing. We only looked at the concepts in absorption costing and I tried looking for the videos to find the application of absorption costing on this channel but there was none. Hence, I say you are lying.