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  1. hello sir,
    i have a problem in purchase return and sales return.is there same ledger for purchase and purchase return or it is spread.and also for sale and sales return.
    thank you in advance.

  2. i love the way John Moffat is teaches because of how (entertainingly and interestingly) he explains to us with ease and not in a mind boggling way. Thank you John. Your lectures are all worth watching and learning.

    • I love the way how John Moffat is teaching, because of how (entertainingly and interestingly) he explains to us with ease and not in a mind boggling way. Thank you John. Your lectures are all worth watching and learning.

  4. “Incomplete records” is not some extra technique – it refers to several different things, most importantly the use of control accounts, and dealing with mark-ups and margins. Both of these are covered in full in the lectures.

    • This is explained in a later chapter.

      A shop is likely to receive most of its sales in ‘loose’ cash. At the end of the day they will probably pay most of this cash into their bank account.

      When they make cash sales: Dr Cash Cr Sales
      When the put the cash into the bank: Dr Bank Cr Cash

      (Again, this is explained in a later chapter/lecture)

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