Accounting Tutoring grade 10-12 and tertiary 1,2,3

01/06/2024

To reconcile you need two sets of books, one is internal i.e cash books and the other is external i.e Bank statement.
A BRS(Bank Reconciliation Statement) is a letter you send to the Bank informing them of Transactions that took place indoors and will affect the Bank balance in few days.

20/03/2024

27/12/2021

In the case of inventory we use FIFO or weighted average. FIFO means stock bought first should be sold first, while weighted average means total cost should be divided by total items(inventory) to get average price simply because an orange yesterday, today and tomorrow is the same. Tell me where you struggle

10/09/2021

There's no depreciation on land n buildings, they increase in value as they r put in use. Diminishing/book value method means calculating on net value of the asset that is cost-accumulate equals book value

30/08/2021

It's always good to practice calculations everyday to get used to them, and most importantly know your formats(income statement, balance sheet, cash flow management, n their notes) so to equip yourself with the right posting of transactions n your calculations... I hate it when u want me to do your homework/assignment, knowing very well u will get higher marks. Forgetting the exam day of judgement, where you embarass yourself.

25/08/2021

Each n every chapter has an introduction n objectives to be achieved, but u don't even bother to check on them, u just jump to an activity with ur teacher n the bit goes on the wrong way... Ask urslf what will happen to an unnamed exam or test answer book???

16/04/2021

Guys u need to check where u struggle to solve accounting problems, u can't say help me with accounting, it doesn't make sense, everyone has weaknesses n strengths, so be on point. Point out ur nightmares, that is where I come in... Accounting is not difficult to comprehend believe me!!! U deal with past, current n future transactions, u just have to record in the correct book or section...

02/03/2021

It is my pleasure to help u excel in ur studies be secondary, high school or tertiary. But I prefer to help in ur arrear of difficulty. I can't do ur home work but can help u do good in it... Start now to practice n u will be perfect during tests n exams...

15/02/2021

As u start ur learning today, make sure to study carefully, slowly n patiently, no cramming, but acquiring knowledge of ur assets, Equity and Liabilities. Their meaning n classification... Then u can start the practice

26/01/2021

Calculate depreciation on vehicles for the year ended 31 December 2020.

Vehicles cost on 1/1/2020 amounted to R 3 60 000.
Accumulated depreciation : R 138 915.
Depreciation is accounted for on book value.

Show calculations

22/01/2021

Accounting is just another word for "Responsibility" meaning to explain what u hav done with the money u were given. Depreciation on cost means cost×depreciation%=depr for the year. While depreciation on book value/diminished balance method means (cost-depreciation)×deprec%

06/01/2021

Always remember it's important to find two or three methods to calculate depreciation