ADJUSTMENTS FOR FINAL ACCOUNTS OF A SOLE TRADER

[@FOGAccountancyTutorials]

Please the old WhatsApp number isn’t working anymore This is the new WhatsApp number👇🏻 [phone] Thanks

[@claremushabe735]

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]

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

[@samuelodoom3384]

Kk

[@ArcLife2023]

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

[@JohnZimba-g3k]

ok sir

[@rengensimonpeter5563]

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]

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

[@IMTHEONE-do4rj]

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

[@cedrickbenson5102]

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]

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

[@godwinoyekwe5988]

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

[@lisamagondo3903]

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

[@princeocquaye5877]

Now that's my lecturer 🙌🙌

[@dongersh]

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?

[@FROMZEROTOHEROGODSON3GS]

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[@user-pc4fg7cg8r]

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

[@assumptanwodo4848]

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

[@sandrachenaidozva8615]

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.❤

[@jumila5677]

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

[@FOGAccountancyTutorials]

Amen. God bless you too & make you successful

[@marionibrahim1733]

This man is everything I need and more

[@Kisembobusiness]

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

[@FOGAccountancyTutorials]

Welcome. Thanks for the feedback

[@mbakablessing6840]

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[@kelvincline303]

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

[@williambith1582]

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.

[@FOGAccountancyTutorials]

Amen 🙏🏽

[@rengensimonpeter5563]

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.

[@islafiifieyiah9631]

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

[@FOGAccountancyTutorials]

Good to know. Keep following

[@2FingerCODM]

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

[@alexandersam3903]

Yh 😂 N he laughed when tickng also

[@karenmaliwa]

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

[@emmanuelacheampong7604]

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

[@elijahsadochisanga401]

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

[@idokomarilyn886]

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

[@tipedzetapiwanashe9441]

You are such a good teacher thank you

[@arafatmohamed4753]

Thank you sir 🎉may God bless you

[@wilfredagyapong2972]

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

[@nanaoseikuffour9108]

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

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You brought back hope for me in passing

[@almasimuadhi]

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

[@emmanuelmboyia5605]

this is a mind opener for any accounting student thanks

[@user-pq6ml7gz3b]

Your explanations are very clear and helpful.

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

[@musondachama886]

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

[@2FingerCODM]

What about Your 10 marks for attendance ?

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There's still 90 marks to defend 😆😆

[@MillicentElormKumah]

Haha😂

[@YUSUPHMICHAEL-no3wf]

So smooth to understand

[@rhodalartey8979]

Thank you FOG for making this simple to understand

[@aleximachar]

woow!!!! what a nice tutor!

[@richardernest1188]

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

[@norsipromise2084]

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

[@ebenezerdowuona3592]

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

[@ten_gr1168]

You’re doing a great job.

[@erickungu82]

very informative sir ,thankyou

[@FrancisAdams-y1c]

What a joy 😂 😂 God bless you sir...

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Great presentation

[@kundakamilo5483]

You are really good sir

[@SalamatuYusuf-cs2kf]

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

[@Ahoukouame258]

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

[@georgeyawsarpong269]

Very good

[@samuelafubwa6346]

well explained

[@otyenoenoque5514]

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

[@chernora.bbarrie7850]

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?

[@solomonadzokoatitsoyaw8396]

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.

[@Hertha_Ambambi]

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?

[@mshihirimohd6511]

thank you! very informative

[@FOGAccountancyTutorials]

Welcome

[@louissottie4697]

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

[@Zakaria-nk5in]

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

[@QuekuMibes-jc5jp]

U are doing wonderful!!!

[@jamesyassadu1397]

Thank you very much Sir this was really helpful

[@adildoloo4619]

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.

[@thevisionary5005]

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

[@paakwesi8031]

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

[@user-yr2yn6ld6o]

Thank you I need more examples of adjusted cash book

[@Lucasmwanza777]

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

[@ebrimatouray4157]

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

[@kingbadjeiobeng-fosu6034]

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

[@ojokdenis3465]

Excellent explanation.

[@user-tu2ny1zf2u]

Very clear sir

[@vivianakinyi4527]

Sir you such a great person

[@paakwesi8031]

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.

[@otunikanemmanuel7996]

Thanks soo much ur lectures really help me

[@annorsarpong2001]

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

[@azeezabiodun5650]

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

[@fanuelchidhiya9191]

Awesome tutorial

[@alexchiyabe9281]

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

[@Ahenkyecomedy]

¹

[@wilfredagyapong2972]

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.

[@JoshuaTettey-Godsway25]

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

[@janettenamutebi8539]

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

[@foogocira]

u are the best ever

[@nturambirwejeanmarievianne8589]

Thank you for your leason

[@asumshadrach5780]

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

[@user-yr2yn6ld6o]

Ineed more equations of adjusted cash book

[@africlovecomedy7743]

God will bless you, thank u so much

[@sharonsawo3695]

Thanks so much sir❤

[@MoussaAhmet-d3r]

Tres instructive merci bien

[@tenagyeijohn7023]

Thank you so much sir

[@akobanyamwisdomwisdom5365]

God bless you brother

[@nanaasibu2519]

You are fantastic.

[@TonnyOnyango-e6t]

Is it that 200 or 800?

[@nelsonmalou350]

Thank teacher

[@richmondatror2019]

💥❤

[@richardernest1188]

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

[@am_trypsin]

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

[@giftyasiamah6549]

God bless you.

[@dennisannan9003]

Great👍

[@tonynewcomer8667]

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

[@patrickjackson5796]

already uploaded

[@ChristopherKaliati]

Not very clear on drawings only 😢

[@azeezabiodun5650]

Sir there is a particular question I was while I was solving adjustment of final account it based on provision for doubtful debt in the trail balance provision for bad debt is 5280 while in the additional information they said increase the provision for bad and doubtful debt by 1200 to 6480 I don't know how to calculate this sir

[@azeezabiodun5650]

Gud morning sir . I want to say DAT u havnt respond to my message sir

[@mauandpiki]

Provision for bad debts will be 1200 as an expense in the TB and subtract full amount 6480 fro trade receivables in the SOFP

[@azeezabiodun5650]

@@mauandpiki thanking sir I really appreciate sir

[@joshuakhwadzo7828]

Bless u sir

[@francisarthur1182]

Please can do you tutorials on solicitors account for me

[@kutiibrahim4989]

There's no video for the part 2 of this end of the year adjustment

[@FOGAccountancyTutorials]

It's actually an extension of the final accounts of a sole trader...

[@kutiibrahim4989]

@@FOGAccountancyTutorials You mean I'll find the remaining part at the final account of a sole trader?

[@FOGAccountancyTutorials]

Yes please... Final accounts of a sole trader part 2