Control Accounts Made Easy | Help For Accountancy Students

[@euangrant6548]

Great video. Bonus points for saying "Linda" like Dr Evil every time

[@SteveWillisACCA]

Glad you like it :)

[@saxrokin5151]

Thank you. This is quite helpful to me! I wish I could’ve watched it before sitting an exam last month though.

[@SteveWillisACCA]

Glad it was helpful!

[@ianvieira4532]

Thank you, helped me a lot for my audit exam for ACCA

[@SteveWillisACCA]

Glad it helped!

[@salimniroula9473]

Thank you very much. Very helpful for FA exam

[@SteveWillisACCA]

Most welcome!

[@alijalal2534]

Finally I could understand it, I was so confused before this

[@SteveWillisACCA]

Great :)

[@mahkal1357]

thank you for this very helpful. I passed my exam yesterday partly because of this.

[@SteveWillisACCA]

Glad it helped!

[@feisalharby8145]

Now I've got the clear picture of what control account really means.

[@SteveWillisACCA]

Glad it helped :)

[@Theskyhorse]

Thank you so much!! this was so easy to understand :)

[@SteveWillisACCA]

Glad it was helpful!

[@salimmulla9594]

I love how he tries to make it look as easy as possible. Thanks mahn By the way, Sam's handsome 🙈

[@SteveWillisACCA]

Glad it helped:)

[@luciamadamela3932]

Thank God I watched this you helped me I know want to try an exercise then confront my exam

[@SteveWillisACCA]

Glad you found it helpful--good luck on your exam!

[@azrulramli8038]

Tq sir...this help me so much for my exam

[@SteveWillisACCA]

Glad to hear that :) good luck!

[@mahnoormalik811]

Thank you so much. I am your new subscriber now 😍😀

[@SteveWillisACCA]

Amazing. Thanks :)

[@robertpearce-bailey5576]

Great video, really clear and concise

[@SteveWillisACCA]

Glad it helped

[@CiciliaIssa-lf9iv]

Thanks sir for the wonderful explanation I appreciated you a lot

[@SteveWillisACCA]

You are most welcome

[@kasthuri2605]

Thank you so much for this video Steve! Your videos helped me pass my last exam, could you do more videos for the ACCA FA exam?

[@SteveWillisACCA]

That's the plan!

[@ernestmaumbi251]

I like it too, well explained Mr Sir

[@SteveWillisACCA]

Glad to hear that

[@lalealiyeva5440]

Thank you so much. It really helped me to get the point!

[@SteveWillisACCA]

Glad it helped!

[@simonazvagule-kz9fk]

Thank you so much ! This helped me a lot 🙂

[@SteveWillisACCA]

Glad it helped!

[@alphaomajallow1951]

Thanks sir I love the way you explain and its very helpful

[@SteveWillisACCA]

It's my pleasure

[@mariaghaly5893]

Why are the sales on the debit side and the cash on the credit?

[@SteveWillisACCA]

That's a good question! Remember, we are looking at the RECEIVABLES T-Account, not the SALES. When we book credit sales, its DEBIT receivables, CREDIT sales, as you know. But in the receivables account, you label the transaction with the corresponding account, that's why the label on the debit side is SALES. I hope that makes sense, it sure is tricky!

[@AliHussain-pd9ov]

Sir i have always one question in my mind ...in cashbook receipt side we record all the cash transactions not only cash receipt from credit customers ....how this is possible to directly post closing balance of cashbook in receiveables control account

[@SteveWillisACCA]

Hi--my example is super simplified--it would not be total of cash book, just cash received from customers.

[@AliHussain-pd9ov]

@@SteveWillisACCA thanks sir....❤️

[@vummynalwinga9268]

This is nice it's has really opened my mind

[@SteveWillisACCA]

Glad it helped--this really is a difficult topic to understand from the textbooks.

[@AvacityXD]

very helpful. thank you!

[@SteveWillisACCA]

Glad it was helpful!

[@entertainingvideoshub279]

Good Conceptual Video, thankyou 😊

[@SteveWillisACCA]

Most welcome 😊

[@entertainingvideoshub279]

@@SteveWillisACCA ☺️

[@XRatedRKO84]

Thanks a lot for the helpful video.

[@SteveWillisACCA]

Glad it was helpful!

[@arnabsaha487]

Thank you sir.

[@SteveWillisACCA]

Happy to help, Arnab. This is a difficult topic that baffled me when I did my exams.

[@mn1907]

Please explain why of sales day book have credit balance 30 is recorded in control account as Dr (where journals should be dr day sales book 30 cr control account 30 to move it to another book) where is double entry rule I don't get it

[@SteveWillisACCA]

Hi there, the transaction for recording credit sales is DR Receivables, CR sales; it's the Receivables Control account that has the debit balance. I am not showing a Sales T account in the video. Make sense?

[@taaha6335]

This helped a lot , thankyou so much !!!

[@SteveWillisACCA]

Excellent! glad to hear.

[@tifany7622]

Good Evening, I am enrolled in Introduction to Financial Accounting an undergraduate course . Do you offer tutoring services?

[@SteveWillisACCA]

Hi, I'm sorry, I don't do private tutoring.

[@premasiriarabegedara6461]

thank you so much

[@SteveWillisACCA]

You are most welcome

[@muhammadhamza4611]

Thank you so much

[@SteveWillisACCA]

You're most welcome

[@braxtonturna9049]

List of balances, why does Y have no 1% discount just like the other two X and T?

[@SteveWillisACCA]

Y didn't pay their balance in full so they didn't receive the discount

[@YasirSheikh-o7p]

Hi Steve , how is Indian CMA course as compare to ACCA, please Assist

[@SteveWillisACCA]

I'm the wrong guy to ask, I don't know about Indian CMA

[@muhammadaftab896]

👍

[@SteveWillisACCA]

Thanks!

[@tafadzwatendayi396]

very helpful, thank you!

[@SteveWillisACCA]

You're welcome!