Sir, magsesecond year BSA pa lang ako and will still take IntAcc 1, but nanood na agad ako to get a rough idea of the topics. Your other vids also helped me during my review sessions for the qualifying exams. Thank you Sir for precise na explanations
Goodluck on your intacc journey, antannanarivo 🫶 thank you for watching my video lessons. Advance study is the key sa pag aaral ng intacc. Im glad the videos helped you during your review for qualifying exams. Mag aral nang mabuti ❤️
For better understanding po, Per bank statement, Receipts = Credits while Disbursement = Debits. Any addition in cash will always be recorded by the bank as credits while any deduction in cash will always be recorded by the bank in debits. Based on that premise, you can solve a proof of cash problem.
sir thank you for this video, it helps me a lot with my study. Nagugulohan mo ako s Erroneous bank credit in October corrected in November na 500, bakit po s Disbursements binawas? dba bank credits consider as receipts? pwede po mapa elaborate kunti. Thank you po
Ganito sya, marie: To correct october bank erroneous credit sa records ng bank: Date ng journal entry: November (refer sa assumption ng proof of cash) Debit: Deposit liability 500 Credit: Cash 500 Nagkaroon ng credit sa cash (debit sa deposit liability), so meaning the 500 is included in the "bank disbursement". So the question is, "bank disbursement ba talaga yung 500?" The answer is no. Kasi kung iaanalyze natin sya, hindi talaga sya actual na disbursement. Mere correcting entry lang sya. Therefore, deduct the 500 sa disbursement. Hope it helps. 🫶
Sir, magsesecond year BSA pa lang ako and will still take IntAcc 1, but nanood na agad ako to get a rough idea of the topics.
Your other vids also helped me during my review sessions for the qualifying exams. Thank you Sir for precise na explanations
Goodluck on your intacc journey, antannanarivo 🫶 thank you for watching my video lessons. Advance study is the key sa pag aaral ng intacc. Im glad the videos helped you during your review for qualifying exams. Mag aral nang mabuti ❤️
For better understanding po,
Per bank statement,
Receipts = Credits while Disbursement = Debits.
Any addition in cash will always be recorded by the bank as credits while any deduction in cash will always be recorded by the bank in debits. Based on that premise, you can solve a proof of cash problem.
sir thank you for this video, it helps me a lot with my study. Nagugulohan mo ako s Erroneous bank credit in October corrected in November na 500, bakit po s Disbursements binawas? dba bank credits consider as receipts? pwede po mapa elaborate kunti. Thank you po
Ganito sya, marie:
To correct october bank erroneous credit sa records ng bank:
Date ng journal entry: November (refer sa assumption ng proof of cash)
Debit: Deposit liability 500
Credit: Cash 500
Nagkaroon ng credit sa cash (debit sa deposit liability), so meaning the 500 is included in the "bank disbursement". So the question is, "bank disbursement ba talaga yung 500?"
The answer is no. Kasi kung iaanalyze natin sya, hindi talaga sya actual na disbursement. Mere correcting entry lang sya. Therefore, deduct the 500 sa disbursement. Hope it helps. 🫶