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January 31, 2021 at 7:39 pm
I like the pace,it makes it simple and clear,am following every bit of it God bless you.
John Moffat says
February 1, 2021 at 7:32 am
Thank you for your comment 🙂
December 29, 2020 at 6:48 pm
if the owner takes a monthly salary, does it go under drawings ?
February 6, 2021 at 10:26 pm
No. It goes under expenses on profit or loss statement.
February 6, 2021 at 10:32 pm
Sorry my mistake. In sole trader, if the owner takes money its drawings.
October 7, 2020 at 1:30 pm
Very clear and precise
October 7, 2020 at 2:47 pm
Thank you 🙂
December 26, 2020 at 2:23 am
I cannot watch the video, so saaaaaaaaad
December 26, 2020 at 9:22 am
Some people manage to get round the block in China by using a VPN.
September 28, 2020 at 8:14 pm
thank you for the lecture, truly enlightening
September 29, 2020 at 8:33 am
September 15, 2020 at 2:18 pm
Hello sir, fantastic lecture !
I have to say though, I have somethings for you to clear regarding Prepayments that is slightly confusing me, although you have said you would cover more on it later on, but I have a simple issue.
First of all, did you mean to say $12,000 insurance for the entire year instead of $1200 ? Because you mentioned $3000 for the first 3 months.
Secondly, if $3000 has been used up, shouldn’t the balance $9000 be recorded as Prepayment – as that is the amount yet to be used up, and that would be like Service to be yet Receivable.
September 15, 2020 at 2:49 pm
What I was meaning is that maybe we have already paid $3,000 for the first 3 months of next year. That would mean we had overpaid and therefore have a prepayment.
However, be patient – I explain accruals and prepayments in detail in Chapter 4.
July 30, 2020 at 3:25 pm
I got the very importance concept today,
the definition of drawing and different between wages.
The example of the non-current and current liabilities also helpful ,
before this i really can’t tell where should i categorize the installment of a non-current loan,
now i got a basic concept .
2 more steps closer .
July 1, 2020 at 11:03 am
It was an outstanding lecture
July 30, 2020 at 3:34 pm
June 26, 2020 at 10:07 am
your lectures are awesome thank you too much
June 26, 2020 at 2:27 pm
April 19, 2020 at 2:02 pm
Thanks for the lectures.It is very simple and can easily follow through.
Thanks open tuition.
April 19, 2020 at 2:11 pm
April 15, 2020 at 12:09 am
Enjoying and understanding the lectures.
January 20, 2020 at 3:27 pm
I have a question in this lecture. You mentioned that anything the owner draws out from the business is “withdrawl” Even her mother gets something it will be counted as “drawing”. Understood. Now what if the owner says that he is giving his days and nights to the business and wants to withdraw a salary on monthly basis in lieu of his services provided to business. So will it still be counted as withdrawl or we can adjust it in expense as a fixed salary. Otherwise, he would have to hire someone to do the same work and will have to pay a salary.
March 31, 2020 at 7:48 pm
April 1, 2020 at 8:54 am
You are welcome 🙂
April 7, 2020 at 2:36 am
Hello Sir, please i have this same question in mind but i cant seem to see your reply here. could you send it again please?
April 7, 2020 at 8:01 am
I do stress in the lecture that for a sole trader anything the owner takes is called drawings – whatever he/she calls it, or whatever the reason for taking it.
November 11, 2019 at 1:49 am
Thank you sir for this class your language was simple so it catch easily
November 11, 2019 at 9:47 am
Thank you for your comment ?
November 1, 2019 at 3:44 pm
I really love the pace of the Instructor.
I really love the simplicity in his approach.
This is great.
November 2, 2019 at 8:23 am
August 31, 2019 at 11:55 pm
the lecture is brilliant, thank you so much.
September 1, 2019 at 10:19 am
Thank you for the comment 🙂
August 28, 2019 at 11:58 am
This is the most helpful examination site of all iv ever visited.
Thanks alot guys
August 28, 2019 at 12:00 pm
May 15, 2019 at 11:35 pm
Dear All, I am just starting the ACCA course and noticed that there was a lot of terminology in the first chapter. I had wanted to ask if other students thought there was a lot of terminology all the way through or if once we got a basics, we come across the same terms through out most of the course? (Basically, I am going to learn a ton of new words or will the basics take me all through?)
May 16, 2019 at 7:35 am
Most of the terminology is in the first few chapters 🙂
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