OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Spread the word
If you have benefited from our materials, please spread the word so more students can benefit.
To help us keep materials up to do and add new content you can also donate
May 4, 2020 at 8:41 am
Thanks a lot for the knowledge. I read BPP but always when i get back to your lectures, i clearly understand the concepts. I like your speed and attention to details that you always go slowly for every one to understand and the hints given for where exams are set.
Thanks Thanks a lot.
God Bless you. And much appreciation to Open Tuition for the Platform.
Much love from Uganda.
John Moffat says
May 4, 2020 at 9:18 am
Thank you very much for your comment 🙂
February 19, 2020 at 10:13 am
sir your videos are very helpful but i feel you waste to much time in 1 question
April 15, 2020 at 3:22 pm
What u call wasting too much time may be another person’s sufficient time to grasp the concept. Be nice! It’s a free lecture, next time just skip the lecture it you feel ‘your’ time is being wasted.
July 3, 2020 at 5:48 am
This is so rude. Like @nyxy said, you can actually skip it or just don’t even log in at all. The lectures are extremely extremely beneficial, time taken to explain is called teaching at its finest and attention to details, so it sinks.
January 30, 2020 at 9:46 am
Sir in the Example 2 Alex owe $1200 .Then why did not we enter $1200 in the receivable ledger control account? Also $1600 was entered in the credit side ???????? Please explain it sir
March 3, 2020 at 3:08 am
The amount owed by Alex was omitted from the Receivable Ledger accounts not the Receivable control account because the figures in the control account were taken directly from the Sales Day Book. There is no Account for individual customers in the sales day book.
The $1600 was entered in the credit side because an error was made where the $800 was debited in the receivables ledger and so to correct the error you have to first credit the account by the $800 to nullify the incorrect entry then you have to credit the account by another $800 which is the correct entry hence you credit the account with a total of $1600.
November 19, 2019 at 7:44 pm
Ass salam allaikum john ! (b) part in question correction from overcast 1000 Its 1000 from where ?
October 25, 2019 at 3:44 pm
Example 2, section d – A credit balance of $800 in the receivables ledger has been listed as though it was a debit balance.
As this was incorrectly updated in the receivables ledger, shouldnt the receivables control account be debited by $1600, the is would balance the totals on both and make it $26600.
Instead you have deducted this from the list of balances in your lectures. If the receivables ledger was updated incorrectly wouldnt this effect the control account and the list of balances?
May 6, 2019 at 11:33 am
HI John, in Ex 2 the Contra with Payables, shouldn’t that be for the Payable Ledger Control Account ? Why did we enter it in the Receivable Ledger Control Account ?
May 6, 2019 at 1:18 pm
A contra always reduces payables and reduces receivables – it is entered in both accounts.
I do explain this in the previous lectures.
May 6, 2019 at 2:27 pm
Thank you !
September 14, 2018 at 5:07 pm
Hi john, in control account reconciliation example 2: a) 1200 owing from Alex had been omitted from list balances
here you added in 1200 in list of balances but you did not add that amount in control account ,,we post total of list of balance to control account right ?? so control account will be less 1200 ,,,please explain …
September 15, 2018 at 10:21 am
We certainly do not ever post the total of the list of balances to the control account !!!
You need to watch my free lectures on Books of Prime Entry and on Control Accounts.
You must be logged in to post a comment.