This is the final stage of the preparation of the basic financial statement from a trial balance. It is normal of the question or the trial balance is longer compared from what you see in the video. I haven't put in depreciation calculation as well as the adjustments of accruals and prepayment yet. But for the meantime, just get yourself to know how to prepare this statement.
For stage 4 solution I put additional items such as discounts received and drawings. So you can watch the video and listen to the explanation of what they are all about. In the end, we should get the final accounts balance. Check carefully one by one the numbers you keyed in as it could make your final accounts not balance.
Again, not the same question but still using the same method of doing it. This time the trial balance is a little bit longer than the previous with additional items added to make it more complicated. But hey, wait till stage 5 ok. Now I just show you how to beat the Stage 3.
Ok guys, here is another video for the solution for the stage 2 regarding the creation of financial statement from a trial balance. Of course stage 2 is quite ok and still manageable since I put few items in the trial balance such as returns inwards and returns outwards. Stage 3 is still in the studio preparing what is unprepared.
Hopefully you guys can take a look at the video for better understanding. Stage 3 is coming!
You can find the attachment below for your exercises. This exercise is for you to prepare for your coming examination. Prepare statement of profit and loss as well as statement of financial position. InsyaAllah I'll be making the video for the solution later. Download and try it first ok.
I attached an exercise for you to download regarding the disposal of asset. Remember, before you dispose any asset, you need to deduct from asset account to make it zero. This is because, when you bought an asset, it will debited to the asset account until you dispose the asset, you need to deduct the same figure from the account. For example, you bought a machine for RM10,000, then you will debit the asset account for RM10,000.
When you hold the asset, you need to depreciate the asset and therefore the depreciation account is created. The accumulated depreciation for the said asset is also being created. As long as you have the asset, you'll need to depreciate and you'll need to accumulate.
But...when you dispose the asset, you'll need to cancel those accounts from the books, Asset gone, no asset means no depreciation. Accumulated depreciation will also need to go.
To learn more about this, please download the exercise and watch this video for further understanding.
The moment you are waiting for has finally arrived. The assignment as I said it either be easy or hard, actually it depends on you. So enjoy this video and make sure you submit this on time or before 27 February 2020. Not late than that or else your marks will be zero!
Good luck to students who always absent in class, I wish you all the best and pray hard and even harder to pass your exam coz I just don't give a damn about it.
The assignment featuring Belantara as the background song. It was one of my favourite band decades ago.
This is my second video for the preparation of final accounts. Like previous we will begin with the trial balance and then we will construct two financial statements that are Statement of Profit and Loss and Statement of Financial Position.
Hope this will benefit you. At least you have the advantage of doing revision by watching this video. Make sure to download the question HERE and put on your earphone.
This is one of my first video for the preparation of final accounts. We will begin with the trial balance and then we will construct two financial statements that are Statement of Profit and Loss and Statement of Financial Position.
This is for the beginners' level.
Sorry for the lack of lightings as well as the sound quality is not really good, but hey for the sake of learning, please bear with me on this.
I'm attaching the question I took from my handbook and you can download it here by clicking THIS
A day spa is a business that provides a variety of services for the purpose of improving health, beauty and relaxation through personal care treatments such as hair, massages and facials. A day spa is different from a beauty salon in that it contains facilities such as a sauna, pool, steam room, or whirlpool that guests may use in addition to their treatment. A day spa is different from a destination spa as no overnight accommodation is provided.
In contrast, a destination spa offers similar services integrated into packages which include diet, exercise programs, instruction on wellness, life coaching, yoga, Tai Chi and accommodations where participants reside for the duration of their stay. A resort-spa may also function as a day spa, if they allow access to patrons who are not guests of the hotel.
Enough reading, now is the time to put your knowledge on a piece of paper and submit your work.
Damon chose not to return for the fourth film, The Bourne Legacy, which introduces a new main character, Aaron Cross (Jeremy Renner), a Department of Defense operative who runs for his life because of Bourne's actions in Ultimatum. The character of Jason Bourne does not appear in Legacy, but mention of his name and pictures of Damon as Bourne are shown throughout the film.Damon returned for the fifth installment, Jason Bourne.
The Bourne series has received generally positive critical reception and grossed over $1.6 billion. It is noted for its use of real stunt work, in contrast to the growing use of computer-generated imagery in action scenes.
Either you print it or else...but this question is to be done in class on 6th March 2019.
Pujaan Hati Kanda was one of the most watched drama in 2018/2019. It was an adaptation from a novel by Aulia Iman that received a rating for 12 million viewers in Malaysia. The last episode hit a staggering 5 million viewers and a massive of 30 millions in TV3 TonTon and Youtube platform.
Here is the link that you need to print and bring to class for exercise.
Please go to postings dated 19 January 2018 and 13 February 2018 for your further exercises on that topic. This is considered to be your carrymarks exercise.
As mentioned in class today and agreed by all the attended students, there will be a quiz on Final Accounts (SOCI and SOFP) this coming Monday and Tuesday. So be prepared and I will also post final accounts exercise just for you to warm up and practice.
