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Overview 6
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IntroductionLecture1.1
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AssignmentLecture1.2
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Introduction to Financial ReportsLecture1.3
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Accounting Period Concept and Methods of AccountingLecture1.4
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How JuanTax WorksLecture1.5
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Final Assessment 25 questionsFinalQuiz1.1
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6 Comments
My equipment balance is only P100k since cost of oven is only P25k and not 50k. Please advise…
Oven Cost is 50K not 25K
Hi Dan! We’ll look into this error. Thank you!
Hi, in 9:11 Gen Ledger for Cash, Technically is correct. However, Transaction 7 (Purchase of Supplies worth 100K comes before Transaction 9 (Revenue of 200K). Before Transaction 7, the Cash Balance then should be 65K thus purchasing a 100K worth of Supplies won’t be possible w/o making a Loan 1st.
Hi Jerome! We’ll take a look at this for you. Thank you for your comment.
I agree with Dan Simon Dizon, we did not buy an oven in Number 3. We bought an oven for 25,000 in Number 5.