Disposal of Asset

Assalamualaikum and hi,

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.

Disposal of asset

Depreciation & Accumulated depreciation

Assalamualaikum again,

I've made another video and exercise for depreciation and accumulated depreciation. Bonus, I also show you how to do an extract of Statement of Profit and Loss and Statement of Financial Position as well. Download the exercise and watch the video for further understanding.

Depreciation and Accumulated depreciation

Depreciation - Methods and Calculations

Dear students,

This is your revision for those who still in the dark on how to calculate depreciation for both methods, straight line and reducing balance method. You can learn this topic by downloading the exercise and click on the video below.

Happy revising!

Depreciation- Methods and calculations

Exercise: Profit adjustment

Assalamualaikum guys,

Attached is the exercise for profit adjustment after taking few considerations regarding the accounts receivables as well as simple depreciation.

Click this link for the exercise. BRING this to class!

Don't forget to subscribe my channel Fadhil Consultancy and Training

https://www.youtube.com/channel/UCC5-wDxp2aKTnRpb1noJxhA?view_as=subscriber

Fadhil's Dilemma....again???

Asssalamualaikum and hi,

Dear students of ACC2236. This is your final group assignment for the ACC2236. I guess it is sufficient for you guys to gain knowledge and skills and use them in the final ultimately when you are out there in the wild.

So here it is, click on the video and enjoy.....

BUS2231 Assignment

Finally, the assignment has arrived. As usual, in a group of FOUR or a minimum TWO. Please be reminded the submission date will be on the 12th March 2020. Handwritten or preferably type. Late submission will not be entertained!.

So here is the assignment.

Good luck!

ACC 2236 Assignment

Fadhil's Dilemma

Finally, the assignment has arrived. As usual, combine this with the previous assignment to be handed together ok


Click this link

Fadhil's Dilemma