ADJUSTMENTS FOR FINAL ACCOUNTS OF A SOLE TRADER

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  • Опубликовано: 24 ноя 2024

Комментарии • 149

  • @FOGAccountancyTutorials
    @FOGAccountancyTutorials  3 года назад +35

    Please the old WhatsApp number isn’t working anymore
    This is the new WhatsApp number👇🏻
    +233596316536
    Thanks

    • @claremushabe735
      @claremushabe735 2 года назад +2

      Thank you sir
      I would like to ask if you are given opening and closing balances for prepayments and accruals in the additional information how do you treat that
      Thank you

    • @kauriabrian7752
      @kauriabrian7752 2 года назад

      Hello sir ..how can I access tutorial about discount received and discount allowed and recovery of debts

    • @samuelodoom3384
      @samuelodoom3384 Год назад

      Kk

    • @ArcLife2023
      @ArcLife2023 5 месяцев назад

      I'll send a question paper, linked so you can solve before I go in an exam😂😂😂
      Thank you, great video🎉

    • @JohnZimba-g3k
      @JohnZimba-g3k 3 месяца назад

      ok sir

  • @rengensimonpeter5563
    @rengensimonpeter5563 3 года назад +11

    I loved the word "LEAVE IT ALONE".
    I love the way u can always find a way of making one understand wat ur saying.

  • @maryamibrahim3515
    @maryamibrahim3515 Год назад +12

    Thank you so much Sir, This was really helpful. You're indeed a great teacher and the best ive seen so far.

  • @IMTHEONE-do4rj
    @IMTHEONE-do4rj Год назад +5

    For the first time in my accounting history I have put a smile 😁 on my face and actually laughing to the examiner
    I can't we to give him KO in my final exams
    Currently doing procurement and supply chain management program
    Thanks 🙏👍🙏 FOG

  • @ezeobipeterchizoba2969
    @ezeobipeterchizoba2969 16 дней назад

    This man is the best, this is what helped me in todays exam

  • @LevelUpSuperworld
    @LevelUpSuperworld 27 дней назад +1

    This information is premium, i suppose to bring my tuition fees to you Sir. Salute

  • @lisamagondo3903
    @lisamagondo3903 3 года назад +4

    I have started following your tutorials last week but now i have acquired much information. you are exellent, thank you for sharing

  • @cedrickbenson5102
    @cedrickbenson5102 3 года назад +16

    Thank you, Sir. I'll keep telling my friends about this powerful channel. You're a legend, brushing our fears away as if it wasn't even there at all. God bless you. Please do some tutorials on Branch Accounts as soon as possible, please.

    • @davidyorke1175
      @davidyorke1175 Год назад

      Ok sir
      I need u to do a final account that contains suspense and BRS too

    • @godwinoyekwe5988
      @godwinoyekwe5988 Год назад

      Yes sir.. please do a video on Branch Account.
      Thanks so much sir

  • @princeocquaye5877
    @princeocquaye5877 4 года назад +13

    Now that's my lecturer 🙌🙌

  • @nasileleblessed6939
    @nasileleblessed6939 Год назад +1

    Just came across this Video today.
    And the way I will clear my exams hmmmn🎉.
    God bless u with long life sir.🙏 🇿🇲

  • @dongersh
    @dongersh 3 года назад +21

    Sir FOG, you're my greatest discovery in the field of accountancy. Please how about a bad debt in the TB and in AI? Should it be treated same way as the provision for doubtful debts?

  • @marionibrahim1733
    @marionibrahim1733 Год назад +1

    This man is everything I need and more

  • @rengensimonpeter5563
    @rengensimonpeter5563 3 года назад

    I thank u today but the next day I wake and my mind tells me thank u every time for WONDERFUL WORK.
    U make me admire the entire Ghana.

  • @assumptanwodo4848
    @assumptanwodo4848 4 года назад +4

    Thanks so much sir for this video,you are the best teacher I've got,I have watched all your videos and I'm waiting for more

  • @emmanuelacheampong7604
    @emmanuelacheampong7604 2 года назад +1

    God bless you FOG...... More wisdom and knowledge

  • @mbakablessing6840
    @mbakablessing6840 2 года назад

    Thank God I discovered your channel, it has really be helpful. You are a good teacher. God bless you. 🇳🇬

  • @jumila5677
    @jumila5677 3 года назад +2

    Thank u so much, u contributed to the success of my ACC course exam today. God bless u😘🙏

  • @williambith1582
    @williambith1582 2 года назад +1

    You are my best teacher, may God continue blessing you tirelessly so that you will help some of the students like me throughout our course, I have benefited a lot from your tutorials. Thank you again may almighty God grant you good health.

  • @idokomarilyn886
    @idokomarilyn886 2 года назад +1

    Thank you very much for the clarification on how to treat provision for doubtful debts🙏🏾 It always confused me

  • @lyndahkarimi5421
    @lyndahkarimi5421 3 года назад +1

    You brought back hope for me in passing

  • @elijahsadochisanga401
    @elijahsadochisanga401 2 года назад +1

    You are simply a priceless. Thank you for your lectures...

  • @PriscaMiti-p6f
    @PriscaMiti-p6f Год назад

    Your explanations are very clear and helpful.

  • @islafiifieyiah9631
    @islafiifieyiah9631 4 года назад +4

    One of my programs has been solved
    Nw lecturer forever lecturer 🌹🌹

  • @tipedzetapiwanashe9441
    @tipedzetapiwanashe9441 4 года назад +3

    You are such a good teacher thank you

  • @nanaoseikuffour9108
    @nanaoseikuffour9108 2 года назад

    God bless you sir. I’ll always watch your video even when I graduate. It’s very helpful. God bless you

  • @wilfredagyapong2972
    @wilfredagyapong2972 Год назад +1

    Sir, you are doing a great job; God bless you

  • @emmanuelmboyia5605
    @emmanuelmboyia5605 3 года назад +3

    this is a mind opener for any accounting student thanks

  • @Kisembobusiness
    @Kisembobusiness 3 года назад +3

    man your explanations are very clear, thank you for sharing the video. keep at it

  • @karenmaliwa
    @karenmaliwa 4 месяца назад

    😂😂😂 ❤much love sir at the treatment is leave it alone 😂,, enjoying your lecture from Zambia.

  • @nanaamadadzie730
    @nanaamadadzie730 Год назад

    This teacher is my pain relief 😌...he is soo good la😍

  • @sandrachenaidozva8615
    @sandrachenaidozva8615 Год назад

    Woow!!Thank you for making our work so easy!!Iam even making referrals of your channel to some of my students i teach the subject.Keep up the good work.❤

  • @ebenezerdowuona3592
    @ebenezerdowuona3592 6 месяцев назад

    Thank you very much for your videos, very insightful.
    Please can you do a video on the adjustment of interest on Debentures

  • @2FingerCODM
    @2FingerCODM Год назад +2

    The part where he said “Type 3” smiled and said “hmmm” cracks me up😂😂

  • @norsipromise2084
    @norsipromise2084 Год назад

    Hello my best accounting lecturer, the only issue I have so far is your volume recording is very low, when connected to speakers.
    I will be glad if something can be done.
    Thanks

  • @musondachama886
    @musondachama886 Год назад +10

    Here’s why I’ll never be afraid to miss a class 😂🖤

  • @richardernest1188
    @richardernest1188 3 года назад

    A way from Tanzania 🇹🇿🇹🇿 you open my mind sr 🙏🙏

  • @rhodalartey8979
    @rhodalartey8979 2 года назад

    Thank you FOG for making this simple to understand

  • @almasimuadhi
    @almasimuadhi 10 месяцев назад

    Thanks brother, It's more creativity and understandable for learning outcomes, more over congrats brother

  • @chernora.bbarrie7850
    @chernora.bbarrie7850 2 года назад

    Yes Sir! What about if you are given the NBV and no accumulated Depreciation after finding the accumulated Depreciation are we going to subtract it from the cost in the statement of financial Position?

  • @SalamatuYusuf-cs2kf
    @SalamatuYusuf-cs2kf Год назад

    Mr.Felix, please let use this opportunity to thank you
    May God richly bless u
    I think accounting would be easier for me if u were my teacher

  • @solomonadzokoatitsoyaw8396
    @solomonadzokoatitsoyaw8396 4 года назад

    Your tutorials are well explain.
    I have this doubt for the treatment of this information in the require,depreciation is to be apportioned to the cost of sales , distribution cost and administration expense which all come with percentage, while the also have values in they trial balance.

  • @arafatmohamed4753
    @arafatmohamed4753 5 месяцев назад +1

    Thank you sir 🎉may God bless you

  • @kelvincline303
    @kelvincline303 10 месяцев назад +2

    U be Bossu 😊
    King of all kings
    I hail you boss

  • @KoromaAruna
    @KoromaAruna Месяц назад

    Adjustment to final account thank you so darely

  • @ten_gr1168
    @ten_gr1168 3 года назад +1

    You’re doing a great job.

  • @jenniferekwuru9048
    @jenniferekwuru9048 Месяц назад

    You are doing well sir 👍

  • @erickungu82
    @erickungu82 3 года назад +2

    very informative sir ,thankyou

  • @MariamLadislaus
    @MariamLadislaus 10 месяцев назад

    Thank you I need more examples of adjusted cash book

  • @YUSUPHMICHAEL-no3wf
    @YUSUPHMICHAEL-no3wf 5 месяцев назад

    So smooth to understand

  • @aleximachar
    @aleximachar 3 года назад +2

    woow!!!! what a nice tutor!

  • @QuekuMibes-jc5jp
    @QuekuMibes-jc5jp Год назад

    U are doing wonderful!!!

  • @Zakaria-nk5in
    @Zakaria-nk5in 11 месяцев назад +1

    I love you ❤️❤️ o much but I need VAT concept

  • @paakwesi8031
    @paakwesi8031 2 года назад

    Bad debt was also given in the additional information, should I treat it as an expense in the income statement and reduce the debtor's figure by the bad debt

  • @annorsarpong2001
    @annorsarpong2001 4 месяца назад

    Sir please can we get the part 2 of the adjustment of final account

  • @kundakamilo5483
    @kundakamilo5483 3 года назад +1

    You are really good sir

  • @fightonbusenga7678
    @fightonbusenga7678 4 месяца назад

    Great presentation

  • @FrancisAdams-y1c
    @FrancisAdams-y1c Год назад

    What a joy 😂 😂 God bless you sir...

  • @Ahoukouame258
    @Ahoukouame258 7 месяцев назад

    Thank you sir god pless you you made it so simple to understand😀

  • @louissottie4697
    @louissottie4697 10 месяцев назад

    Good afternoon sir pls how is interest on loan treated especially when there is one in the trial
    Balance and another in the additional information

  • @ojokdenis3465
    @ojokdenis3465 2 года назад

    Excellent explanation.

  • @samuelafubwa6346
    @samuelafubwa6346 3 года назад +3

    well explained

  • @kingbadjeiobeng-fosu6034
    @kingbadjeiobeng-fosu6034 7 месяцев назад

    Sir may I know if you run a face to face class for those looking to write ICAG

  • @adildoloo4619
    @adildoloo4619 Год назад

    How come we never subtracted cash drawings from cash in sofp whether in high school or college?We used to subtract it only from Capital.

  • @otyenoenoque5514
    @otyenoenoque5514 3 года назад +1

    Hello, how do we adjust provision for depreciation for an asset? If an asset is 10000, provision is 1000 then depreciation is 200, what will be the net book value

  • @thevisionary5005
    @thevisionary5005 Год назад

    Is provision for doubtful debts the same as bad debt written off and treated the same way

  • @jamesyassadu1397
    @jamesyassadu1397 9 месяцев назад

    Thank you very much Sir this was really helpful

  • @fanuelchidhiya9191
    @fanuelchidhiya9191 Год назад

    Awesome tutorial

  • @paakwesi8031
    @paakwesi8031 2 года назад

    please I had a question which gave me the increase in provision for doubtful debt in the additional information as $200 . I treated the difference($200) as expense in the income statement and don't know what to do with the difference in the statement of financial position since we reduce trade receivables by the total provision at the end of the period.

  • @ELDADZULUS
    @ELDADZULUS 6 дней назад

    Help me on how to prepare a balance sheet and income statement

  • @Hertha_Ambambi
    @Hertha_Ambambi Год назад

    Good day sir
    I'm not sure if my question fits here but I couldn't find a specific video. In situations where I'm provided with extracted balances from the books of a certain company and also additional information and I'm required to prepare a trial balance, a profit and loss account for the year ended and a statement of financial position at that date. My question is, when preparing the trial balance do I consider additional information or I only post using the extracted balances from the books and only consider additional information when preparing the trading and profit and loss and the balance sheet?

  • @vivianakinyi4527
    @vivianakinyi4527 Год назад

    Sir you such a great person

  • @WisemanSelisho
    @WisemanSelisho 4 дня назад

    Wonderful 😊

  • @SsempaIsaac-hh7ub
    @SsempaIsaac-hh7ub 26 дней назад

    Hello sir thank you for the great work but am failing to get the lecture on ledgers

  • @MariamLadislaus
    @MariamLadislaus 9 месяцев назад

    Ineed more equations of adjusted cash book

  • @JoshuaTettey-Godsway25
    @JoshuaTettey-Godsway25 8 месяцев назад

    Please how to calculate 10% commission of a manager after and before such expenses

  • @ebrimatouray4157
    @ebrimatouray4157 3 года назад

    Thank you sir, you've just cleared my doubt.

  • @emmatifefilms
    @emmatifefilms 3 года назад

    Thanks soo much ur lectures really help me

  • @Lucasmwanza777
    @Lucasmwanza777 Год назад

    When you have bad debt in the trial balance and in the adjustment, do you still compare and get the difference 37:38

  • @wilfredagyapong2972
    @wilfredagyapong2972 Год назад

    Pls I want to ask , if you have commission receivable in the trial balance and in the additional information you have commission outstanding, how are you going to treat it.

  • @georgeyawsarpong269
    @georgeyawsarpong269 4 года назад +2

    Very good

  • @mshihirimohd6511
    @mshihirimohd6511 3 года назад +2

    thank you! very informative

  • @janettenamutebi8539
    @janettenamutebi8539 3 года назад +1

    The ads are killing the flow of the lecture. Otherwise, good job.

  • @azeezabiodun5650
    @azeezabiodun5650 3 года назад

    Sir I HV an issue in one question concerning provision for bad debt in trial balance is 280 while in the additional information provision for bad debt to be reduced to 220 I don't understand DAT English

  • @foogocira
    @foogocira 2 года назад

    u are the best ever

  • @africlovecomedy7743
    @africlovecomedy7743 3 года назад

    God will bless you, thank u so much

  • @asumshadrach5780
    @asumshadrach5780 Год назад

    Please Sir, where can I get pa rt 2 of this video

  • @akobanyamwisdomwisdom5365
    @akobanyamwisdomwisdom5365 2 года назад

    God bless you brother

  • @nanaasibu2519
    @nanaasibu2519 3 года назад

    You are fantastic.

  • @tonynewcomer8667
    @tonynewcomer8667 3 года назад

    Hello sir
    You doing a good job
    But do you mind doing video on single entry

  • @MoussaAhmet-d3r
    @MoussaAhmet-d3r Год назад

    Tres instructive merci bien

  • @alexchiyabe9281
    @alexchiyabe9281 2 года назад +1

    Sir what if you're given a percentage for depreciating an asset after the trail balance, then again In the trail balance there's another provision for depreciation of the same asset...what do we do

  • @namuyanjaviolet9750
    @namuyanjaviolet9750 2 месяца назад

    Don't we need to make adjustments on Stock?

  • @am_trypsin
    @am_trypsin 3 года назад

    Is there any app we can download to get more for you???

  • @richardernest1188
    @richardernest1188 3 года назад

    What if provision appear in both trial balance and in addition information

  • @BensonMpinkula
    @BensonMpinkula 8 месяцев назад

    Very clear sir

  • @JohnnieH20
    @JohnnieH20 2 года назад

    sir fog can you please go through the cash flow topic

  • @dennisannan9003
    @dennisannan9003 2 года назад

    Great👍

  • @nturambirwejeanmarievianne8589

    Thank you for your leason

  • @giftyasiamah6549
    @giftyasiamah6549 2 года назад

    God bless you.

  • @francisarthur1182
    @francisarthur1182 2 года назад

    Please can do you tutorials on solicitors account for me