ACCA F3 Double Entry Bookkeeping (part c) Preparation of the Financial Statements
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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.
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.
Good lecture!
Thank you for the comment 馃檪
“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.
please what does cash receipt banked mean and what entry are you suppose to make.
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)
Thank you sir. Could you please refer me to the chapter?
Totally understand it now. Bless you.
Thats great – I am pleased that you understand it now 馃檪
Please could you refer me to where dealing with “incomplete records” is treated?