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October 2, 2014 at 3:57 am
Hello, Sorry i’m just confused how you determine what goes into the income statement and what goes to the balance sheet. Please can you explain a bit more on that.
John Moffat says
October 2, 2014 at 6:23 am
Have you watched the earlier lecture on Chapter 2 of the Course Notes?
It is in that chapter that I explain what the Statement of financial position, and the Statement of profit or loss are showing.
September 3, 2014 at 10:12 pm
Grt lecture, its very easy understand thank you.
September 4, 2014 at 5:53 am
Thank you 🙂
August 23, 2014 at 2:06 am
balance c/d of this year is balance b/d of next year. is it true?
August 23, 2014 at 8:34 am
That is true 🙂
April 12, 2014 at 8:25 am
Thank you for this helpful lecture.
I know that the Statement of Financial position did balance off nicely but I think I was attentive to the lecture and know how did the $ 500 withdrawals come up. But I wanted to know whether this error is going to cause problems later on.
April 12, 2014 at 8:28 am
You were not listening carefully enough. The drawings were 100 and when I changed it to 500 I was simply explaining the sorts of mistakes that the bookkeeper could make.
March 22, 2014 at 10:31 am
March 22, 2014 at 6:50 pm
March 14, 2014 at 8:49 am
Thanks very much Tutor, You rock
March 14, 2014 at 8:59 am
February 28, 2014 at 5:06 am
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 .
February 25, 2014 at 10:43 am
it’s easy to understand . Can you tell more realistic way to deal with ledders.
February 25, 2014 at 11:38 am
I am guessing you mean ledgers?
What do you mean by more realistic? These lectures are dealing with what you need for the exam – there is more about using ledgers in the chapter on Books of Prime Entry.
September 15, 2013 at 8:25 pm
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.
September 16, 2013 at 6:11 am
You were not listening carefully enough – I was explaining the sort of mistake that the bookkeeper might make. See the other posts below.
February 23, 2014 at 12:09 pm
Thank you Mr. Moffat excellent explanation … You are the best I have ever come a cross. Top teacher ???? LIKE.
February 23, 2014 at 1:10 pm
May 26, 2013 at 9:17 am
it’s so easy to understand and apply. thanks!
May 5, 2013 at 2:27 pm
Thank you, this is excellent.
March 6, 2013 at 9:54 pm
Which study text do you recommend – Kaplan, BPP or LSBF?
March 5, 2013 at 11:07 pm
with a lecturer like this, you know accounting can be interesting .
March 2, 2013 at 12:05 pm
i am really enjoying the lecture. it follows a step by step instructions. it is making accounting simple for a non accountant like my self. Good job.
January 27, 2013 at 7:22 pm
The drawings they were $100….the Mr. did it wrong, he posted the amount $500.
January 29, 2013 at 12:01 am
thats what confused me also……
February 20, 2013 at 11:39 am
i thought of the same thing also………..why the 500 ?yet when he went on to the capital account he posted $100………….clarity plz!!!!!
April 24, 2013 at 8:46 pm
November 20, 2012 at 6:32 pm
nice work very helpful video, thank you very much!!!
November 19, 2012 at 5:43 am
i mean other papers
November 19, 2012 at 5:18 am
Very clear, very helpful. Thank you! Other lectures not so good as this one…
July 24, 2012 at 9:10 pm
Thanks a lot! Clear and simple!
July 17, 2012 at 3:49 pm
Thank you Open tuition, you are a blessing
July 14, 2012 at 10:31 am
very good lecture!! I LOVE the way the lecturer explain things very clear and understandable!!! EXCELLENT!! THANKSSS A LOT!!!
April 11, 2012 at 1:26 pm
Thanks so much. Well explained. Easy to digest.
February 5, 2012 at 10:40 pm
@sediq5050, its 100
March 8, 2012 at 10:19 pm
Thats exactly what i was wondering thanks for raising that question
June 29, 2012 at 9:01 pm
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
April 24, 2013 at 6:18 pm
thanks dude for your help 🙂
July 5, 2013 at 11:28 pm
oh thnx i was really confused now it bcm clear..:D
November 26, 2011 at 12:36 am
Today is the first time, I listened to this explanation of double entry, its brilliant. I wish my tutor at the college could have explained like this.
April 26, 2011 at 1:47 pm
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
February 4, 2011 at 10:20 pm
this is so well explained….really really helpful…
December 29, 2010 at 3:03 pm
sorry the above queation is regarding f3 test question 1.
December 29, 2010 at 2:59 pm
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 ?
November 5, 2010 at 9:24 pm
I like the fact, the lecturer gives step by step instructions and explains clearly why we are doing things. The examples extend the knowledge which makes it easier to remember 🙂
October 25, 2010 at 12:10 pm
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