CSEC Principles of Accounts May-June 2022 Paper 1 (PART 1) # POA

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  • Опубликовано: 22 окт 2024

Комментарии • 36

  • @AccountingforAll-up8od
    @AccountingforAll-up8od  5 месяцев назад +1

    Correction:
    The best option for 18 is B.

  • @1._tyrone351
    @1._tyrone351 5 месяцев назад +23

    Got Paper 1 Tomorrow
    All The Best🙏🏾

  • @KimMar-ji7jx
    @KimMar-ji7jx 5 месяцев назад +14

    For question 18 would u find 3% of 6,000 that would be 180
    Then 2% of 4,000 that would be 80
    Then 1% of 8,000 that would be 80
    Then add up that and would be 340

  • @zzxne9542
    @zzxne9542 5 месяцев назад +6

    Paper 1exams in a few hourss Thanksss😆😆

  • @an.naliise
    @an.naliise 5 месяцев назад +9

    I have exams tmr , thank you for this, do u think most of the questions would repeat?

  • @richev.2333
    @richev.2333 5 месяцев назад +4

    Paper 1 tomorrow thanks to you I should do good

  • @leonmoore3267
    @leonmoore3267 5 месяцев назад +14

    I have accounts paper 2 on Tuesday😢

  • @Renelle2007
    @Renelle2007 5 месяцев назад +1

    Paper one tomorrow. Thank you for posting these, they are so helpful!

  • @javedallison3333
    @javedallison3333 6 месяцев назад +2

    120 was spent??? Wasn’t it 220 spent & 120 was used !?

    • @AccountingforAll-up8od
      @AccountingforAll-up8od  6 месяцев назад

      $100 worth of stationery was unused. That will be accounted for as a prepayment. You don't include prepaid amount in the income statement.

  • @Ronald-v3r6e
    @Ronald-v3r6e 5 месяцев назад

    Hey I’m not finding the other parts to the 2022 CXC POA paper 1

    • @AccountingforAll-up8od
      @AccountingforAll-up8od  5 месяцев назад +1

      Hello. I haven't had the time to make the video. However, I covered 2022 in a live video last year:
      ruclips.net/user/liveaXKW-zilUqA?si=wUiaSRl0zBDULdom

    • @Ronald-v3r6e
      @Ronald-v3r6e 5 месяцев назад

      @@AccountingforAll-up8od ho ok thank you very much 🤧

  • @drishtisingh1864
    @drishtisingh1864 5 месяцев назад +1

    paper one tomorrow and i have no idea what to do

    • @Renelle2007
      @Renelle2007 5 месяцев назад

      Not you cramming too 😭

    • @drishtisingh1864
      @drishtisingh1864 5 месяцев назад

      @@Renelle2007 i give up studying and cramming girl😭 i fed up i need sleep

  • @KimMar-ji7jx
    @KimMar-ji7jx 5 месяцев назад +3

    For question 18 would u find 3% of 6,000 that would be 180
    Then 2% of 4,000 that would be 80
    Then 1% of 8,000 that would be 80
    Then add up that and would be 340

    • @AccountingforAll-up8od
      @AccountingforAll-up8od  5 месяцев назад

      You don't add provisions for doubtful debt like that.

    • @SonyaCampbell-ri7gp
      @SonyaCampbell-ri7gp 5 месяцев назад

      @@AccountingforAll-up8odthat what everybody else did so check again

    • @AccountingforAll-up8od
      @AccountingforAll-up8od  5 месяцев назад

      ​ @SonyaCampbell-ri7gp When examining the question from the point of view of the Statement of Profit and Loss, the total provision will be $180. However, in relation to the Statement of Financial Position (Balance Sheet), it will be $340 (adding up the three years).
      However, reflecting on this, I think the better option would be $340.

    • @SonyaCampbell-ri7gp
      @SonyaCampbell-ri7gp 5 месяцев назад

      @@AccountingforAll-up8od ok thank you