1. avatar says

    Oh,sorry, Mr. Moffat,I am poor in English.

    Comparing with other lectures,you give many examples to make us understanding easily.Thank you.

    I am misunderstanding the attribute of the lecture,because it is interesting and useful .

  2. avatar says

    where did the 500 amount on the withdrawal ledger come from i thought the drawings were to be 100 because thats what kristine withdrew from the business. please help didnt understand where the 500 came from.

      • avatar says

        Its not actually $500, it was $100 just in the ” Double bookkeeping Part a” he erase $100 and wrote $500 instead and even then he was giving example about people can do small mistakes by writing in one T account $100 and in another $500 in their normal day bookkeeping which is basically a small amount but it can create serious problems later in finalising the accounts. And later the Lecturer just forgot to write it back $100. so don’t get confuse it was $100 before
        and it is $100 now. You can also check the correct figure in the lecture notes which you can find on the link below
        on page number 16 and example 1.

  3. avatar says

    Can someone pls explain to me how to tidy up d owners account-example 6 on chapter own recording did not end.whats d last thing to do after u debit d Income statement t account and the capital account

  4. avatar says

    just alittle clarification on withdrawals ,anybody,in the test ,chap 7,inventory valu, ques 1 .why credit purchases when you make a stock withdrawal and not inventory or sales?
    is it because inventory is only dealt with at the end of the accounting period ?

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