CORRECTION OF ERRORS AND SUSPENSE ACCOUNTS (PART 2) (THE EFFECT OF ERRORS ON PROFIT)

This video explains how to prepare the Statement of Adjusted Net Profit.

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Thank you

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I really appreciate how you make accounting simple to some of us. Receive my greetings from Kenya

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This guy needs a thousand likes I have benefited alot from him All the way from Uganda 🇺🇬

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Me too I even have FA on Monday

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Gratitude from Uganda. You are good at what you do Mr. Fog.

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thank you sir, I've really gained a lot from this channel

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I have enjoyed most of your lecture on KZbin your the best sir may God continue to bless your hard work🙏

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You made me enjoy studying accounting...Thank you sir

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Sir your teaching methods are easy to understand Thanks so much sir Watching from Nigeria

[@IbrahimIdrissaSesay-pv1dv]

Mr FOG you're the best Accounting teacher I had ever met. You've made errors and Suspense to be one of my simplest and favorite topic in Financial Accounting. Thanks very much. May God continue to increase your knowledge

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😭I'm writing ICAN and I find your videos so helpful ❤ you make accounting easy

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How was the results?

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Keep up the good work sir, your videos are making my academic journey easy, may God bless you.

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So much gratitude from Kenya.... your a genius

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I enjoyed your class This is my first time

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Thank you sir.. I have a good appreciation now of the topic.

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Glad to know that

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[@MaryChihana-bv8rh]

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[@nesiyanambeni-zy3mr]

I'm from Zambia enjoying the video sir

[@mikelaure7552]

Very well understood sire, thank you.

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instablaster

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Really helpful!!!!

[@jacksonbaranda8165]

Nashukuru sir,I mean thank I'm from Tanzania

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Well explained thank you sir

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Sir the major problem I have is overcast n undercast issues

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You made accounting easy ❤

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Much love from Uganda

[@MahamaAbubakari-cx1mb]

Pls sir are we using expenses,income and inventory items only in the adjusted net profit?

[@masterkayijuka9489]

Hello sir i am very interested to follow your teaching about accounting ,then i wouldlike to request you to give us the introduction of cashflow statement.thanks

[@mosesnjobo1651]

Thank you sir, well explained

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God richly bless you 🎉

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Financial Accounting made simple 💕

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Thanks... explain to me how to correct a statement of financial position

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Perfect Teacher

[@musasesay4106]

How errors affects the balance sheet are adjusted

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Purchases✅

[@robertsampong2054]

Nice one

[@SaviourPeter-px6ol]

I like your tutorial. please, help me with branch account.

[@adenikebello9158]

I am struggling to understand the adjusted net profit. ..pls help

[@baziruwihajob3936]

good teacher

[@vickykaramba3632]

What if the balance bought down is not given how do I get it or what do I do

[@soriesesay2095]

When shall we expect new uploads from you sir?

[@FOGAccountancyTutorials]

Weekly, from next week Friday onwards

[@adenikebello9158]

6:20 Statement of Adjusted Net profit

[@Ennychanter]

Weldone sir

[@VidaAhadzi-sp3mb]

❤

[@linahapolinary5658]

Hello sir, i have a problem on when to know when suspense account is opened?

[@FOGAccountancyTutorials]

You need to understand the errors first and differentiate them from those that affect the agreement of the trial balance and those that will not affect... Next, resolve that only errors that affect the agreement of the trial balance will go through the suspense account.

[@nanadmedici6505]

Thanks Sir

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👍👍👍👍👍

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God bless u sir

[@Paul-u7e]

What about over depreciation and under depreciation

[@brenfatty5637]

sir how about questions on accumulated fund

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[@stellatucker3277]

Thank you Sir

[@FOGAccountancyTutorials]

Welcome

[@olisachukwurah9901]

I'm still a bit confused about this topic... I don't understand how to identify the effects.

[@FOGAccountancyTutorials]

Kindly repeat the video and follow the example... I’m that that should help. What I did is to try and classify all the effects into overstatement or understatement of profits.

[@fataihamzah7248]

I hail

[@musasesay4106]

But the closing stock also appears in the balance Sheet

[@FOGAccountancyTutorials]

closing stock appears in the income statement as well before the balance sheet. We are adjusting it because it has an effect on profit

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[@Merry-ci2vm]

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[@masterkayijuka9489]

Hello sir i am very interested to follow your teaching about accounting ,then i wouldlike to request you to give us the introduction of cashflow statement.thanks

[@FOGAccountancyTutorials]

CASHFLOWS have been uploaded now. Thanks