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January 27, 2021 at 11:00 am
This helped me so much. Thank you!
November 15, 2020 at 9:26 am
Thank you John. You make it really understandable.
November 12, 2020 at 9:38 am
First class quality explained sir ??
Thankyou very much
November 12, 2020 at 9:39 am
Question mark was an emotican. Now wont use any, always converts to question marks.
September 8, 2020 at 4:13 pm
As we passed the accounting entry (Debit Irrecoverable debts expense and Credit Allowance for receivables). Since the Irrecoverable expense account appears in SOPL therefore it will automatically be closed as year ends. However, Allowance for receivables is SOFP account and it would not be closed by the year end. So in subsequent year, it will still be there as a opening balance. Am i getting anything wrong?
John Moffat says
September 8, 2020 at 4:37 pm
No – it will still be there, and as you will see in the next example we will adjust it as necessary at the end of the following year.
May 9, 2020 at 6:22 pm
That simply means, for the answers to be correct, the deducted amounts (bad debts+doubtful) should be same on both P&L and SFP as 9124$ here.
March 10, 2020 at 12:35 am
Thanks Mr. Moffat. I am understanding the topics much better.
February 29, 2020 at 10:18 am
Great content as always, however I have one Q, with all these examples are you referring to internal mgmt accounts or statutory accounts?
February 29, 2020 at 10:34 am
These lectures apply to the financial accounts (Paper MA examines internal management accounts).
It is limited companies that are required to produce statutory accounts (not sole traders) but the double entries involved are the same for both. The extra rules regarding the layout etc of the statutory accounts for limited companies are covered in a later chapter on limited companies.
January 28, 2020 at 11:32 am
thank you sir for the incredible content
January 28, 2020 at 12:50 pm
Thank you for your comment 🙂
January 22, 2020 at 10:47 am
Dear John, many thanks for all of your lectures! You make it so easy, thank you sir!
January 22, 2020 at 4:13 pm
You are welcome, and thank you for your comment 🙂
November 4, 2019 at 7:32 am
Very clear and easy to understand. Thank you, professor
November 4, 2019 at 9:16 am
December 5, 2019 at 8:26 am
I can not watch the lecture.Why?
December 5, 2019 at 8:53 am
I do not know why, because the problem must be at your end. Ask in the technical support forum and admin may be able to help you.
December 5, 2019 at 11:44 am
Could be flash player or pop ups, allow them on your browser. No luck, try to watch them on you tube, but make sure they cover 2019 lecture notes.
August 16, 2019 at 12:22 pm
opentuition is increadibly awesome
December 5, 2019 at 3:53 pm
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