Comments

  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

        @siddharth111,
        @sediq5050,
        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
        http://opentuition.com/acca/f3/f3-notes-view-online
        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 2.my 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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