@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
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
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 ?
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 馃檪
Danny says
Thank you, this is excellent.
Accountaholic says
Which study text do you recommend – Kaplan, BPP or LSBF?
Thanks 馃檪
fourteenapril2012 says
with a lecturer like this, you know accounting can be interesting .
omoajila says
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.
fahadsanai says
The drawings they were $100….the Mr. did it wrong, he posted the amount $500.
bisram says
thats what confused me also……
accakeisha says
i thought of the same thing also………..why the 500 ?yet when he went on to the capital account he posted $100………….clarity plz!!!!!
John Moffat says
You were not listening carefully enough – I was explaining the sort of mistake that the bookkeeper might make. See the other posts below.
bik123 says
nice work very helpful video, thank you very much!!!
iaminq says
i mean other papers
iaminq says
Very clear, very helpful. Thank you! Other lectures not so good as this one…
aryehde says
Thanks a lot! Clear and simple!
ineza says
Thank you Open tuition, you are a blessing
jessntkt says
very good lecture!! I LOVE the way the lecturer explain things very clear and understandable!!! EXCELLENT!! THANKSSS A LOT!!!
pris43 says
Thanks so much. Well explained. Easy to digest.
mehmoodhamid says
@sediq5050, its 100
siddharth111 says
Thats exactly what i was wondering thanks for raising that question
bornred 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
eidkhan says
thanks dude for your help 馃檪
kabeerdurrani says
oh thnx i was really confused now it bcm clear..:D
farooqb says
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.
oashiru 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
luv2break says
this is so well explained….really really helpful…
edwardkyei says
sorry the above queation is regarding f3 test question 1.
edwardkyei 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 ?
skhalid says
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 馃檪
preservey says
Very clear