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March 5, 2021 at 4:33 am
Dear John Moffat,
Thank you for lecture, quite enough helpful to understand topic.
Could you please correct me if I am wrong for section of two or more errors’ opposite effect: There is 1800 credit balance, not cancelling out (net effect is not zero)
February 13, 2021 at 3:08 am
Hi, thanks for the lecture always.
I have one question why not all accounts are balanced?
For example, capital account’s debit and credit is remained as not balanced (same thing to car/ rent/ drawing).
John Moffat says
February 13, 2021 at 8:51 am
As I explain in the lectures, if there is only one figure on the account then there is no need to strike a balance separately – the one figure is the balance.
February 5, 2021 at 9:44 pm
thank you for your great work. in the example where net effect of two or more mistakes is zero, i am wondering if the sales is supposed to be 1600 instead of 3400. or may be i am on the wrong side
February 6, 2021 at 9:50 am
The sales are 1,700. If they were entered on the wrong side then one side would be too low by 1,700 and the other side would be too high by 1,700. That would make one side higher than the other by 3,400.
February 8, 2021 at 7:41 pm
thanks for your reply
October 10, 2020 at 2:45 pm
Thank you very much sir.
August 10, 2020 at 11:12 pm
Can’t imagine how difficult it is for accountant to figure out an error in thousand of accounts.
terrifying isn’t it haha
April 15, 2020 at 8:43 pm
February 10, 2020 at 1:13 pm
“They asked me to check the trial balance, this is before calculators. It shows how old i am” XD haha..
Thank you for being passionate enough to lecture us on accounting sir. Though not many people comment their thoughts. You have the gratitude of many people for these lectures and the assistance on Forums.
February 10, 2020 at 2:51 pm
Thank you for your comment 🙂
January 10, 2020 at 10:16 am
Capital was 5000 but she withdraws 100, so in Trial balance capital should be 4900 ? but in your lecture it says 5000
January 10, 2020 at 10:27 am
sorry understood my mistake.
January 10, 2020 at 3:16 pm
I am pleased that you now understand it 🙂
September 2, 2019 at 2:08 pm
All very usefull modules for 1st time study.
September 2, 2019 at 3:48 pm
August 21, 2018 at 4:28 pm
They are both explained in later lectures on control accounts.
The lectures cover everything needed to pass the exam well, but it is not possible to cover everything in one chapter 🙂
August 21, 2018 at 12:40 pm
how are purchase return and sales return
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