Manufacturing accounts | Basics for CSEC and CAPE

[@mhaladimhaladi4489]

When someone out there just makes concepts seem very simple to u with a whole heart gold...deeply felt like you are directly talking to me.... Wow ! You raise the bar....Sir !!! you have my vote ..Take it ! for good.. Currently Sophomore studying Computer Science and Finance (University of Botswana).....

[@adapttuition]

Wow, thank you! I really appreciate that! Thanks for watching and good luck in your studies! Those are great fields of study. My minor was Finance too :)

[@lolbrown5354]

I'm sorry but this channel is too underrated. 😥😩🙌🏾🙌🏾❤ I love it here Appreciation from Jamaica

[@adapttuition]

Thank you very much! I really appreciate your comment!

[@anisahamid5768]

When my teacher started this topic I was so confused I didn’t understand (how to prepare the account) I thought this is a hard topic but this video was very helpful and I found that it’s not that hard I understand faster... I’m so happy I came across your page sir🥰 I rather work it the way you did in this video

[@adapttuition]

Hey Anisa 😊 That’s so wonderful to hear that you understood the topic so well and now you feel better about it. Yes, trying to learn the whole format in one go is a bit challenging but there are other ways to do it. I like to break it down into pieces like I did in this video. And this can be applied to almost anything in life. Break it into pieces and do the small pieces one by one. Eventually you’ll build up something great 😊 Keep up the good work 💪🏽🧠

[@stunnatheactivist1375]

I was so confused in doing this work I lost interest and fell asleep in class...watched this last night before my test and I did pretty good.Thank you man I really wish u were my teacher

[@adapttuition]

Happy to hear that you found the video helpful and that you did pretty good on your test. And, I really appreciate your kind words! Thanks so much for watching :)

[@stephenmillington220]

@@adapttuition first class teaching

[@adapttuition]

Appreciate that a lot. Thanks very much 😊

[@crunchycandy]

Why isn't it possible to like this video more than once😂

[@adapttuition]

XD! I hear yah :) Thanks for watching!

[@adapttuition]

Very kind of you to say! Wishing you all the best 😊

[@shukrymoha4133]

@@adapttuition can you do statements of cash flow? Thanks

[@shukrymoha4133]

@@adapttuition where would loose tools go in a manufacturing account?

[@adapttuition]

It wouldn’t go in the manufacturing account. It would go in the balance sheet as a current asset I believe.

[@2in104u]

Spent 2.5 hrs. in an online class today and did not get it. I spent 30 mins. watching you and learnt more and then some. Great explanations and examples which were clear and relatable. Keep it up. Thank you for doing this.

[@adapttuition]

Sheldon Adrian Baird happy to hear you understood my explanations 😊 it’s my pleasure to be of assistance. Wishing you and yours all the best.

[@anikamorgan554]

Best Accounting Teacher! Thank You 🙏

[@adapttuition]

Thank you very much! Happy you are enjoying the videos :)

[@pytkajayy]

Maturing is realizing that this man saved alot us, Thank you sir ☺️

[@adapttuition]

Happy to be of service! What topics are you hoping will come next week?

[@pytkajayy]

@@adapttuition I’m hoping that cash book & t account, control accounts, double entry & trial balance, manufacturing account, petty cash book, receipts & payments ac $ back recon is on there 😭

[@gunxx4kt6]

​@@pytkajayysame

[@tserrant8940]

Adapttuition never fails, not even in 2022 thanks so much for that video they explain slot better and you could literally do a test after this video and score 100% you are the best thanks and stay blessed

[@adapttuition]

Wow! You’re very welcome and thanks for your awesome comment 😊 Keep up the great work 👍🏽 Wishing you all the best 💪🏽🧠

[@tserrant8940]

@@adapttuition thanks so much for this sir

[@adapttuition]

Happy to help, my friend 😊

[@sammydahomie2923]

Hey man i just have to express my sincerest gratitude towards u. Literally every topic that has given me diffulty thus far had been thoroughly explained n learnt through u so thank u for giving us minutes of your time and sharing your knowledge with us. I really didn't believe i was gonna get good grades for my upcoming csec examinations but u granted unto me understanding, confidence, clarity and a liking for accounts so again thank u for your hard work, keep it up sir Chris🤗👍

[@adapttuition]

Hey @sammydahomie2923 :D Thanks for your awesome comment! It really made me smile 😊 So happy to hear that you found the content super helpful and that you have the confidence now to do well in your exams! Wishing you the best of luck! You got this 💪🏾🧠 Be sure to come back and tell me how you found the exam went

[@sammydahomie2923]

@@adapttuition will do

[@sammydahomie2923]

btw i received a grade 1, so i came back to say thank you for your hard work and dedication, i could not have accomplished this feat without your help

[@adapttuition]

@sammydahomie2923 yo!!! 🔥 Congrats on your hard work and well deserved success 💪🏽🧠 Thanks for sharing the good news with me, I appreciate it. 🙏🏽❤️ What are you doing now, did you pursue CAPE Accounting or did you choose a different path?

[@sashoyajohnson705]

I love how you give reasons for everything, Thank you sir.

[@adapttuition]

Reasons are very important! You’re most welcome 😊

[@mikeplays8277]

Best video I seen on KZbin about this topic✊🏾

[@adapttuition]

Thanks for your comment :) I really appreciate it. Where are you from?

[@chantalwalch9235]

I cannot express how grateful I am for your videos. I wish you were the one getting paid for my university education because you are the one teaching me. Bless you sir.

[@adapttuition]

Wow, thank you! That means a lot :) Wishing you all the best! Keep up the good work! You can do it! I believe in you 🙂

[@amirarichardson9722]

Wasn't very well educated on this topic and other topics but after watching a few of your videos, I feel better prepared for my exam tomorrow! Thank you so much.

[@adapttuition]

You’re very welcome Amira 😊 Best of luck to you today 💪🏽🧠

[@rakshagopaul204]

this video was awesome, i couldnt memorise that entire format with my teacher and i actually learnt the entire format in this format. TYSMMMM

[@adapttuition]

That’s amazing 😊 So happy to hear that. It makes sense to break things down into pieces or group them together for simpler understanding before giving the whole format. I use that to learn things myself 😊 Keep up the good work 💪🏽🧠

[@rakshagopaul204]

@@adapttuition sir what are the costing principles?

[@adapttuition]

Hi that deal with concepts such as mark-up and margin.

[@rakshagopaul204]

@@adapttuition ok now im confused. its a topic for csec😭😭

[@adapttuition]

Hi,the margin is included in the ratios section, it’s called the gross margin. It’s gross profit ÷ net sales and the × 100 to be expressed as a percentage. The mark-up is gross profit as a percentage of cost of goods sold.

[@CharisseGarrick]

Thanks so muchhh your balance sheet one helped so much, 3 years n I couldn't get it but u explained it within 23 minutes n I already understood ❤😊

[@adapttuition]

Glad it helped, Charisse! These things are simple but are often explained in messy, complicated ways which turn lots of students off from it

[@kimsbeauty2011]

If had looked at this manufacturing video earlier, oh boi Paper three would have been a slice of cake for.😭😭😭 our tutor failed to teach us Manufacturing. But thanks you I had a little knowledge on the topic. Keep the wonderful job, you're helping a lot of us out here. 🇬🇩🇬🇩🇬🇩

[@adapttuition]

Happy to hear you found the content helpful 😊 Wishing you all the best!

[@wendynjoki4820]

Thank you for explaining this topic. I thought it would be difficult to comprehend but when you explain it appears quite easy.

[@adapttuition]

Hey @wendynjoki4820 :-) Happy to hear that you found the content helpful! Most of the things are relatively easy, or at least can be broken down into easily digestible bits, and then we can build them up in order to arrive at the "more complicated" version. Don't worry, you got this! Keep up the good work :-D

[@_sinco_clair_2301]

Hey I'm in sixth form now and I'm doing cost accounts so glad to see this tutorial on manufacturing accounts.

[@adapttuition]

Happy to hear that 😊 I’m actually doing cost accounting with my form 6 class this year as well

[@_sinco_clair_2301]

ok, I will surely tune in for the tutorials.

[@adapttuition]

Not sure I’ll be able to do any free ones for KZbin. Barely getting time to make anything 😕

[@_sinco_clair_2301]

That's ok I will watch the ones that are already there

[@krystelleharris6699]

OMG thank you so much!!! I used to look at this manufacturing account as a very hard thing to do and I thought I had to memorize the whole long format but now that you have explained it, somehow it looks so short, easy to do and to remember. I hope I do remember everything you said for my exam. Thanks for breaking it up into parts.

[@adapttuition]

Happy to hear that you understand it better now. And, YES! Breaking things up into smaller parts makes it easier to understand and learn. Keep up the great work, Krystelle! You can do it, I believe in you 😊

[@krystelleharris6699]

@@adapttuition Thanks!

[@adapttuition]

👍🏽😊

[@Gabby_15]

Sir I just want to thank you very much I did exam today and you really helped me a lot much thanks from Jamaica 👍👍

[@adapttuition]

Hi @short_temp You're very welcome :) Glad you found the content helpful! Best of luck for exams and beyond :)

[@Gabby_15]

Thanks you sir 🙏🙏

[@adapttuition]

You’re most welcome

[@jordannotjordan5602]

Very helpful, when my teacher introduced this topic to the class I imagined it would be difficult since it differed so much from what I was used to (income statement and such), but this video has simplified and defined the topic so well and made it so easy to grasp the concepts. I really do appreciate what you've done here. Thank you and I hope you will keep up the good work because you've just earned a new subscriber.

[@adapttuition]

Hey Jordan 😀 So happy to hear you found the content helpful and easy to understand. I’ve had similar experiences to you regarding teachers explaining things and my not fully grasping them. So when I finally understood these concepts I really wanted to share them in simple ways that are easy to understand. Thanks for your awesome comment and for subscribing, I really appreciate it! Wishing you all the best for the season and for 2023 and beyond!

[@gunxx4kt6]

your a great teacher man keep up the good working

[@adapttuition]

Thanks for the compliment! Are you sitting the exam today? Where are you from?

[@gunxx4kt6]

@@adapttuition yes i am from Jamaica

[@adapttuition]

Best of luck to you! Let me know how it goes

[@Dankroid]

This guy will be the reason I get a grade 1 in accounts

[@adapttuition]

Your hard work will ensure that :) Keep up the good work 💪🏾🧠

[@Dankroid]

@@adapttuition yezzir

[@adapttuition]

🫡

[@nikolaicruz3971]

Sir your videos are the best, thank you so much for this knowledge that u put out on yt :)

[@adapttuition]

Happy that you’re finding the videos helpful, Nikolai! Keep up the great work 😊 When are you sitting the exam?

[@nikolaicruz3971]

@@adapttuition This year sir, in May :) ive been watching all your poa and addmath vids and cant thank you enough, if it wasnt for your vids i would not be understaning BUT THANK U

[@adapttuition]

@nikolaicruz3971 awesome!!! Wishing you the best of luck, buddy 💪🏽🧠 Are there any topics still giving trouble or you think you have them all sorted?

[@nikolaicruz3971]

@@adapttuition well sir , I for some reason, t accounts, ledgers and journals still don't sit too right with me, but I'm trying to practice them in preparation for my exam. Also I just make alot of mistakes at times but I'm sure I will be able to succeed if I continue practicing 🙏

[@adapttuition]

I’m thinking of making my videos on journals and ledgers and basic double entry available on a platform that would charge a small monthly fee of TTD160 per month. Does that sound like something you’d be interested in?

[@dainniawilliams9890]

Thank you, this helped so much.

[@adapttuition]

My pleasure! Glad you found it helpful. Let me know if you have any questions 😊

[@kalashnikov5038]

I joined the accountancy subject late and never got a chance to cover Manufacturing Accounts, this 32 minute video literally saved me hours of trying to figure this out on my own, I THANK YOU SO MUCH! Also, could you please explain the 3 column dollar signs and why do you use a certain column for certain entries? I just cannot wrap my head around it.

[@adapttuition]

Hi! Thanks for watching :) The use of the columns is simply to avoid having all the figures in a single column which could be confusing. So think of it as the right most column has the most important figures (the sub-totals and totals) and if any of those figures has a working or needs a calculation I shift one column to the left to show that working. And, if any of the figures in that "left" column need a working I shift one column to the left again.

[@nakimajoseph8824]

Thank you so very much sir!!!! Your videos are amazing, and I believe that having a great teacher makes all the differences, so thank you for being one of my teachers!

[@adapttuition]

Hi Nakima 😊 It’s my pleasure! Thanks for watching and thanks for your awesome comment! I agree with you, having a good teacher makes a world of difference. Keep up the good work! 💪🏽🧠 Wishing you all the best 👍🏽😁

[@nataliembadi1033]

you are such a great teacher I am about to sit for my bar exams and your classes have been so helpful. What an honor to receive lessons from you. If you don't mind, could you do a lesson on cashflows?. Love from Kenya.

[@adapttuition]

Hi! Thanks for watching :) I would love to do a series on cash flows but due to how my schedule will soon change and my current list of topics for which to make videos I will not be able to do that anytime soon. Wishing you the best of luck though! Love from Trinidad :)

[@nataliembadi1033]

@@adapttuition I understand. THANK YOU SO MUCH!!!!!!

[@00ttrenty202]

I wish i knew of this channel one year ago❤This is amazing!

[@adapttuition]

Thanks so much for the compliment! Wishing you all the best :)

[@hamzahghufran]

Dang thanks a ton sir!! Been searching for the splitting of entries everywhere!!! Thanks a lot!

[@adapttuition]

Thank you for watching :) Happy that you found what you were looking for!

[@trini_badmusic1198]

Hope i understand u are such a great teacher☺now watching understood the trading now next one

[@adapttuition]

Excellent! Happy to hear you understood! Keep it up! You can do it 😁💪🏽🧠

[@Kentrell-bu4fg]

Honestly sir when i count my blessings i does count you twice🤣🙏🙏

[@marielbarrow9226]

Very much appreciated sir, did my Accounts exam today.

[@adapttuition]

Hey Mariel! You're very welcome! Glad to know that you found the content helpful! Wishing you all the best 👍🏾😊

[@karnove8051]

Hands down to you sir, YOU MAKING EVERYTHING SEEN SO EASY. Can you please make a video on cash flow statement using both format?

[@adapttuition]

Hi! Happy to know that you found everything easy to understand. I am currently on vacation so I am not making videos for a few weeks. Also, I only learned one (1) method of cash flow statements, the indirect method. Additionally, this academic year I'll be teaching cost & management accounting so I won't be dealing with Cash Flow Statements for at least a year and a half or so. Sorry about that.

[@karnove8051]

@@adapttuition oh, okay! But thanks a lot anyway, your videos really helped me and i appreciate the effort and the difference you are making.

[@adapttuition]

Happy to help

[@rochehenry5310]

Best accounts teacher💪

[@adapttuition]

Thanks Roche, I really appreciate that! Wishing you all the best!

[@husseinibrahim929]

you really made to now how to calculate manufacturing accounts simply.......thank you

[@adapttuition]

Happy to help 😊

[@phiniasmadaka7443]

I really really love your videos n your work they are really helping me thanks a lot sir because now i have developed love for accounts because of you thank you😊👍

[@adapttuition]

I am super happy to hear that you love accounts :) and to know that I helped makes me very glad. I wish you all the best! Keep working and if you have any questions please feel free to ask :)

[@sudeshbab1402]

I literally love you sir you helped me so much, god bless.

[@adapttuition]

Happy to hear that 😊 Thanks very much! Blessings to you too 😊

[@jennapatterson7548]

Watches the day before exam*

[@adapttuition]

Better late than never

[@CharisseGarrick]

Me rn lol 😂😂😂

[@Delicate_peach]

Same

[@noname-sw9vm]

@@CharisseGarrickyzt😂

[@itsjustmex1p54]

The day of*

[@alecia0126]

This video was very helpful..... After watching I was able to complete many on my own. Thanks a lot Sir ☺️

[@adapttuition]

Hi Alecia! That’s awesome that you were able to complete many on your own 💪🏽🧠 good job! Super happy you found the video helpful! Keep up the good work😁

[@tiamorgan9349]

This video is soo helpful im from jamaica im about to do csec

[@adapttuition]

Happy to help :) Keep up the good work 💪🏾🧠

[@kenabdulkargbo323]

I'm really learning something here right now. Thanks

[@adapttuition]

Happy to hear you’re finding the content helpful! Thanks for watching 😊 Keep up the good work 💪🏽🧠

[@kenabdulkargbo323]

How may I get some questions in order for me to understand more from your teaching? Please help

[@adapttuition]

Hi 😊 Thanks for the interest. I don’t have any questions I distribute but you can check my website www.adapttuition.com/downloads for free PoA handouts.

[@taylorray7063]

I appreciate you. You are funny. I love it. nuff love from Jamaica.

[@adapttuition]

I appreciate that :) Hope you and yours are doing well and staying safe.

[@beckywelcome9197]

We do understand your videos sirrr❗❗❗......you duh best out here!!!!

[@adapttuition]

Thanks 😊 I appreciate that a lot. Keep up the good work

[@KIMO_FF]

Your lessons are exceptional

[@adapttuition]

Thanks very much! Best of luck for the exam tomorrow!

[@KIMO_FF]

@@adapttuition thanks

[@adapttuition]

Happy to help 😊

[@tegaliashaw4576]

Hey thank you I have been watching your videos and I love them so much☺️👍🏻 you taught it just as my teacher only that you provided more in-depth information so I could better understand. Thank you

[@adapttuition]

Happy to hear that you understand better now :) Thanks for watching! Keep up the good work. I believe in you :)

[@shaniahmootilal4.5]

He makes everything seem easy😅 just wow!!

[@adapttuition]

Happy to hear that you found the video helpful, Shaniah :-) That's the way it should be, don't you think so? Things should make sense!

[@pamelakirigia7215]

You honestly saved my life,thank you. So helpful!

[@adapttuition]

Glad it helped! Hope you are doing well :) Where are you from?

[@pamelakirigia7215]

@@adapttuition From Kenya Sir.

[@beckywelcome9197]

I thought this was hard until I watched this video❗😌....thank sir!

[@adapttuition]

Happy to hear you found the video helpful! You’re most welcome! Wishing you all the best!

[@jjamii4322]

Ok i believe i understand..just gonna continue practicing..you've done a very good job 👏 ...glad i found this channel before my exams started.. First exam is monday poa🫠

[@adapttuition]

Happy to hear that :) Thanks for the compliment :D And, yes, keep up the good work 💪🏾🧠

[@jjamii4322]

@@adapttuition mind explaining general reverse and where should it be in a balance sheet (how to treat it)🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻😫

[@adapttuition]

The general reserve is simply “money” set aside out of profit for future use (growth and expansion, research and development, etc). It goes in the reserves section which comes after the share capital section in the balance sheet. I have a video covering this. Maybe you should check it out 😊

[@jjamii4322]

@@adapttuition ok thanks I'll check it out

[@adapttuition]

👍🏽😊

[@noteqt]

The goat!🐐 i am from Curaçao! 🇨🇼

[@adapttuition]

Yo!!! Best of luck to you!

[@Savage-ns5qb]

Hey i love your videos. It really has helped me a lot in accounts. I think you should do a walkthrough for a complete Past Paper 2. Would definetely help a lot

[@adapttuition]

Hey! Thanks for the compliment! Super happy that you're finding them helpful. I'm sticking to short form videos for now due to the COVID-19 situation as I am a bit more crunched for time than usual. But what I will do is create a playlist that groups together the questions from any given paper. Hope that helps. Any topics you'd like to see otherwise?

[@melvonmitchell]

These videos are the best!

[@adapttuition]

I appreciate that a lot. Thanks :)

[@kaylajimdar7035]

Thank you sir for making these videos ! Really appreciate it. Keep it up.You are helping me alot. Love and blessings . ❤✨

[@adapttuition]

Hi, Kayla :) Thanks for your comment. Super happy that you're finding the information helpful. Keep up the good work :) Love and blessings to you too!

[@Kyra.07-z3y]

hi sir i was wondering why for the depreciation 29:04 why you didn't find 20% of 120,000 and only found 80%. And same the rental fees. I have my exam tomorrow.

[@fw._malik]

Bro thank you so much ur explanation is so clear and understanding..thankyou 🙏🏽🙏🏽

[@adapttuition]

You’re very welcome 😊 Thanks for the compliment

[@nalugyapauline5405]

Thank you so much. Am just requesting for some more examples on income statements of manufacturing account. Regards Pauline

[@adapttuition]

HI! I am working on some other things for the next few months so I'm not sure when I'll be able to do what you're requesting. Sorry about that. But, thanks for watching :)

[@worekalem.mekuriaw5811]

I.am.frome.ethiopian.teacher.all.every.tings.under.standig.good.job.keep.up.thank.you.very.so.much.good.bless.you

[@adapttuition]

Happy to hear that. Thanks for watching. Just letting you know that if you type a dot between every word your comment gets held for review as it comes up as a clickable link. So maybe don't include that dot between every word :)

[@Ellartheprincess]

You are the best tutor. I wish you were my teacher 🤭

[@adapttuition]

Aww, that’s very kind of you to say, Michellar ☺️ Keep up the good work! You can do it, I believe in you 😃

[@reshadjamaldin286]

Thank you once again for a excellent video this is really well detailed I am looking forward to seeing one on the past papers

[@adapttuition]

Hey! I'll see what I can do. But that sounds like a good idea :)

[@reshadjamaldin286]

@@adapttuition one thing I have learnt from you is that reading the questions and taking out the important information is really important and I am looking forward to seeing more videos

[@adapttuition]

reshad jamaldin it is essential! Glad you were able to get that very important message 😊

[@kwesigadeogratius6004]

thanks. something has been made easier

[@adapttuition]

Happy to hear that 😊 Keep up the good work

[@celineg1981]

Got a 1 with your help for cxc gonna get one for cape to😉

[@adapttuition]

I believe in you :) Go after it, and remember, there will be new and difficult things... but if someone else could learn it then you can learn it too!

[@joanl.7543]

Much appreciation for your fine lecture.

[@adapttuition]

My pleasure! Hope you're doing well :)

[@raymokaya3591]

At some point the video wasn't clear but it's superb ☺️👌 try to make clear at some section

[@adapttuition]

Hi, ok thanks for the feedback If you type the start time of the section you’re referring to maybe I can take a look and get an idea idk what you’re talking about.

[@issei9003]

Nice way of explaining the basic sir. Really appreciate the effort. One question would Lubricants and internal transport expenses go to direct or over cost?

[@adapttuition]

Hi! That’s a really good question. I think lubricants for sure would be overhead and I’m very tempted to say the same for internal transport. Might have to google to be sure but I’m leaning to direct. Let’s check it out and compare what we find 😊

[@issei9003]

@@adapttuition ok sir i'll check back

[@astongraham2452]

Even though the business might be making its own goods you could also see them purchasing finished goods as they might not have the capacity to make all the goods they require to meet demands...so in essence you can have production cost as well as purchases for finished goods

[@adapttuition]

Hi! I agree with your statement :) I was initially supposed to make a follow-up to this video showing an example of how to account for such a situation but the COVID-19 situation set in and I had to change my plans. But thanks for reminding me :) I'll put it back on my to-do list.

[@Muhammadali-bw4ui]

Your videos are amazing and really helpful.

[@adapttuition]

Happy to hear you find the videos helpful! Thanks for watching and keep up the good work 👍🏽😊

[@janellejoycedipasupil8885]

Hiii, I'm so grateful for your video, you made it easier to understand. Thank you 💯

[@adapttuition]

You are most welcome! Thanks for watching :)

[@tshyasookram4458]

Excellent video Sir! God bless

[@adapttuition]

Happy to know you found it helpful 😊

[@ChristinaEdward-h4q]

Well explained. Thanks

[@adapttuition]

Hey Christina 😊 Happy to hear that you found the video helpful! Keep up the good work!

[@surajnarine87]

Watching this 1 hour before exam

[@adapttuition]

Better late than never

[@thegreenorange1930]

Keep up the great videos! You make it so much easier to understand the topics. If you can do cooperatives/non profits that’d be highly appreciated as well! All the best.

[@adapttuition]

So happy you found the video helpful 😊 I have a video on the receipts and payments account up already. That’s the only book-keeping aspect of non-profits left on the CSEC syllabus as of this date. You can find it by searching the channel. I will put cooperatives in my to-do list 😊 Btw, where are you from and when are you doing PoA?

[@thegreenorange1930]

A Different Approach Tuition Limited doing poa in May I believe. I’m in Trinidad.

[@adapttuition]

TheGreenOrange lovely! What’s your strategy for dealing with the current lockdown for COVID-19?

[@alphanso7845]

Hi thank you so much for making it easy for me,,.my question is;carriage on finish good should you add it to the opening stock of finished good in the trading profit and loss account

[@adapttuition]

Hi, if it’s carriage outwards it’s added in the expense section of the income statement. If there is carriage inwards on finished goods it’s added to purchases. But if we are manufacturing we probably won’t be buying finished goods as we are making them.

[@alphanso7845]

@@adapttuition the question says carriage on finished goods,,it's not specified indeed..

[@adapttuition]

Send me a pic of this on Instagram so I can get the full context.

[@alphanso7845]

@@adapttuition OK sir thanks but how can i link you on Instagram?,,,

[@adapttuition]

@adapttuition

[@tonnysalimo7441]

Thank you so much. You realy make one understand easy. Woul you pliz help in solving statements of cashflows

[@adapttuition]

Hey! I’m gonna try to organize that for you. Working on a few things at the moment. Thanks for watching! Where are you from?

[@wannabeusedbygodhenry181]

U r great at explaining,and u make it a little easier to understand,but if u could do a few past papers on paper 2,that would be awesome 🤞🤞🤞🤞🤞🤞🤞

[@adapttuition]

Hi, I have put up 38 paper 2 videos in the last 5 weeks and 4 more videos will be out between today and Friday. I also have 10 paper 2 videos up from last year. All you have to do is go to my channel and you will see them. Last year I did 12 Paper 1 videos as well

[@wannabeusedbygodhenry181]

@@adapttuition I'm currently checking them out sir 🤩🤩🤩🤩🤩🤩,thanks for helping students worldwide 🤞🤞

[@adapttuition]

You’re very welcome 😊 Where are you from?

[@wannabeusedbygodhenry181]

@@adapttuition Jamaica,I guess I should have said "caribbean wide"lol..my bad

[@missanonymousme9734]

it was last sunday i watched a video on control account and this sunday I am watching a video on manufacturing account getting my self ready for mock exam and cxc in june, this video could of not be better it was just perfect and made me understand clearly. thank you sir.

[@adapttuition]

You are very welcome and thank you for your awesome comment! Super happy to hear that you’re finding the content helpful and understanding accounting better now. Wishing you all the best! Keep up the good work! 💪🏽🧠❤️🔥🫡👍🏽😊

[@onipinlaprecious3594]

Thanks so much for this lecture, but I will like you to throw more light into when there's SALES and FINISHED PRODUCT in the given question.

[@adapttuition]

Hi @onipinlaprecious3594 If there are sales and finished goods then that means an income statement is done as those items definitely do not go in the manufacturing account. The sales figure is usually first and the finished product is the inventory.

[@onipinlaprecious3594]

@@adapttuition oh thank you so much.

[@adapttuition]

You’re very welcome 😊 I’m happy to help

[@santara2805]

Could you do a video with some manufacturing questions please

[@adapttuition]

Hi, If you check out my recent videos on past paper solutions you'll find a few manufacturing account questions there :)

[@trinityhamied]

so when you placed return outwards in the manufacturing account, that was regarding return out for raw materials? Also if a question comes and there is just 'return outwards' is that supposed to be placed in the manufacturing account or the income statement?

[@adapttuition]

Hi Trinity, sorry I didn't respond to your comment in the live earlier. As regards your question re the returns outwards, yes it goes in the manufacturing account. If we are manufacturing goods, then we are not buying finished goods (usually, although this can happen). As such, it's only logical that what we are returning is the raw materials, as that is the only thing we are purchasing.

[@trinityhamied]

ahhh okay I get what you mean. Thank youuuu@@adapttuition

[@adapttuition]

Sweet 😊

[@musicviews9328]

Should reserves be in the income statement or balance sheet? And what is good will?

[@adapttuition]

HI! You can check out my limited liability companies playlist here kzbin.info/aero/PL9u_QIMhEllscQEEadEIaFI8MsG2J2ztl regarding the reserves. They actually go in both the income statement and the balance sheet but not necessarily with the same figure. With respect to Goodwill, that's usually a partnership issue and at the A level and I haven't started making videos for that level yet. Hopefully soon.

[@musicviews9328]

@@adapttuition thanks 🙏

[@adapttuition]

Happy to help! Keep up the good work 💪🏽🧠

[@iyanafarquharson2057]

This video was very good. Can you please make one on suspense accounts and suspense errors?

[@adapttuition]

That’s been on my to do list If you look at last year May I have a live the day before the exam where I did the past paper questions on errors and suspense accounts. Let me know if you find it

[@iyanafarquharson2057]

@@adapttuition I found it thank u

[@asmayada2363]

You are the best

[@adapttuition]

Thanks 😊 I appreciate that

[@moosaroma7830]

I have to ask. I understand WIP but my thing is where does the cost for it comes from? Do we minus it from the overall cost of raw materials or assume it?

[@adapttuition]

Hey @moosaroma7830 Usually the question will give you the cost for WIP at start and at end. And usually I adjust for it at end by adding the value at start and deducting the value at end.

[@monicamarriot3698]

@@adapttuition Okay great! Thank you was woooondering. 👍🏽

[@adapttuition]

You’re very welcome ☺️

[@chamakantu5565]

Thank you 🙏 Your videos are so helpful 🙏💯

[@adapttuition]

Happy to know you found it helpful :) Thanks for watching!

[@pricillakaye1701]

thank you sir for the good work done . just have a few questions..... 1.are the purchases of raw materials the ones we use for purchases in a trading account? 2.and are finished goods included in the manufacturing account?

[@adapttuition]

Hi! The purchases of raw materials is included in the manufacturing account. The final figure from the manufacturing account REPLACES the purchases figure in the trading account. Also, the stock of finished goods are only used in the purchases account, NOT the manufacturing account.

[@adapttuition]

If you take a look at the video from the 01:48 time you can see me explain the answer to your first question.

[@pricillakaye1701]

@@adapttuition thank you

[@adapttuition]

You're most welcome!

[@pricillakaye1701]

@@adapttuition what about "transfer pricing" for example when they say,'finished goods are transfered to the trading account at a profit of say 30% of factory cost?"

[@Muhammadali-bw4ui]

Can you please make a video on factory ledger and general ledger regarding cost accounting? I'm in trouble with it.

[@adapttuition]

Hi! I’d very much like to do that but right now the focus is on completing as much of the CSEC syllabus before I move on to the CAPE syllabus.

[@Muhammadali-bw4ui]

Okay.

[@erickkamau6061]

great job,,,,how do one deal with general reseves, retained profit, ordinally shares, trade receivable, trade payable and divideds

[@adapttuition]

Hi :) You can check out this playlist if you like re limited liability companies kzbin.info/aero/PL9u_QIMhEllscQEEadEIaFI8MsG2J2ztl It should help regarding reserves, retained profit, shares and divdends For payables and receivables check out my balance sheet playlist Hope that helps :)

[@kirwana12345]

very clear and hepful

[@adapttuition]

Happy to hear that :) Wishing you all the best!

[@tadie1109]

Thank you so much for the explanation, Its very easy to follow. Could you please please make a video on cash flow statements if you do not mind. Thank you

[@adapttuition]

Hi! Thanks for watching :) Happy to know if helped you. When you say "Cash Flow Statements" are you talking at the CSEC level or the CAPE level? Because if it's the CSEC level you can check out this video kzbin.info/www/bejne/ooGmq3eeoNhnrqM The item is actually a schedule of cash projections at the CSEC level because a cash flow statement is something very specific and is taught at the CAPE level and NOT at CSEC. If it's the CAPE level I haven't made that as yet and won't be getting to it anytime soon. Sorry, :-/

[@tadie1109]

@@adapttuition I was talking about cash flow statements at CAPE level. Alright I'll check out the cash projections video. Thank you soo much

[@adapttuition]

Happy to help 😊

[@gracebwakya5493]

Thank you so much your videos are really helpful

[@adapttuition]

Happy to help! 😊 Where are you from?

[@gracebwakya5493]

@@adapttuition Zambia , Lusaka

[@erickkamau6061]

great job👍

[@adapttuition]

Thanks very much 😊 Glad you enjoyed the video! Keep up the good work 💪🏽🧠

[@yahyemohamed3386]

Thanks bro, You have really helped

[@adapttuition]

Glad I could help! Are you waiting on results too?

[@kayodejacob153]

Do we consider a 'manufacturing wages' as a direct cost?

[@adapttuition]

Usually, yes, but it depends on the questions and the details given in it.

[@Duhh.itzz_.nessa1]

Sir, can u do an overall review for the topic this year?

[@adapttuition]

Hi, when you say an overall review what exactly do you mean? Because that's what this video is. A review of this topic from scratch. You can always check the playlists section of my channel where I compiled the past paper questions and solutions for this topic.

[@Duhh.itzz_.nessa1]

Sir, I meant a video talking about the broad topic for this. But this video helps me a lot with the manufacturing part of the exam topic thank you🙏

[@adapttuition]

Hi I recently made 100 video in 100 days and I am taking a break to focus on prepping my classes for their exams. So I won’t be making any videos for a bit. Sorry. Hopefully you will find what I have uploaded helpful 😊

[@rinteh4529]

Thank youuu..you explain so well.i have a question though

[@adapttuition]

Hi, thanks for watching :) What's your question?

[@rinteh4529]

How to get factory profit??

[@adapttuition]

Hi, you would need to know what the transfer price is in order to calculate that. What I mean is that you would need to take the final figure in the manufacturing account (cost of goods manufactured) and compare it to the $ amount which is being "paid" for those goods being transferred. This isn't a thing on the syllabus which I teach (although there is a section that has been added recently that makes me think otherwise).

[@rinteh4529]

@@adapttuition okay,so say finished goods are to be transferred to the trading account at a profit of 20%on factory cost.is what i get after calculating the 20% the factory profit?

[@adapttuition]

@@rinteh4529 well, you kinda gave the answer in the information there :D You said "goods are to be transferred to the trading account AT A PROFIT OF 20% on factory cost". So the 20% of the factory cost is the factory profit.

[@TheAvaricious.]

Do purchases of indirect materials also count as Indirect materials in the overhead section

[@adapttuition]

You may have to do a calculation similar to the "cost of direct materials used". If it's just "purchases of indirect materials" then use the whole figure. If you have stock of indirect materials add the opening stock and minus the closing stock.

[@TheAvaricious.]

@@adapttuition thanks this helped alot

[@adapttuition]

You're welcome :)

[@chordonhaye5631]

Respect my brudda.

[@adapttuition]

Much love!

[@gracebwakya5493]

Please kindly post a video concerning balance sheet

[@adapttuition]

Hi! I have that on my to do list. The only trouble is I have several topics that are ahead of it so it may not be up too soon.

[@wazryatingling7202]

i have accounts exam tomorrow and i am so stressed my teacher teach us a different way and now i am confused eg. opening stock of raw materials 8460 purchased raw materials + 38720 =47180 carriage inwards - 2,720 cost of raw materials ave =49,900 less closing stock rew materials - 10970 cost of raw materials caroused =38930 add dirt labor : manifesting wages +20970 prime cost 59900 and all in one line

[@adapttuition]

You can put those items in one column, I just prefer 2 or 3 columns. You will have to work with whatever space they make available on the question paper

[@wazryatingling7202]

okey sir

[@adapttuition]

👍🏽😊