Firstly, I̶̲̥̅̊ greet all my fellow accounting students, am isaac Adebayo by name, a student of unimaid accounting dept,fin accountin ɪ̣̝̇ƨ̣̣̣̇̇̇̇ d process of capturin financial data 4rm source documnt, recordin 'em in subsidiary books, classifyin dem in ledgers, summarrizin 'em in trialbalance, presentin 'em in tradin, profit nd loss acc nd balance sheet and analysin den income nd expenditure stament, cashflows e.T̶̲̥̅̊.c to permit informed judgements nd decisions by users ov acctin info. Deprciatn ɪ̣̝̇ƨ̣̣̣̇̇̇̇ dat part of an asset dat has bin used, as in wear nd tear, its an expenses dat 'll b charged  yur profit as in charged in p&l acct nd 'll be deducted 4rm Ūя̲̅ d historical cost of d asset nd d result ɪ̣̝̇ƨ̣̣̣̇̇̇̇ d N.B.V. As 4 baddebt its an irrecoverable, though organisation do provide 4 ɪ̣̝̇T̶̲̥̅̊(read on PRUDENCE or CONSERVATISM) baddebt written off 'll be charged on p&l acct after dat Ʋ less ɪ̣̝̇T̶̲̥̅̊ from yur total debtors, d remainin debtors 'll b d amount dat prov 4 doubtful debt 'll be charged. N.B the definition 4 depr nd baddebt ɪ̣̝̇ƨ̣̣̣̇̇̇̇ not a standard one buh 4 d sake ov explanation

motion007:

i dey feel u die

abi wetin man go do now? I eventually realised is not a visa to heaven: and naija no dey laugh at all.

hyzich: Firstly, I̶̲̥̅̊ greet all my fellow accounting students, am isaac Adebayo by name, a student of unimaid accounting dept,fin accountin ɪ̣̝̇ƨ̣̣̣̇̇̇̇ d process of capturin financial data 4rm source documnt, recordin 'em in subsidiary books, classifyin dem in ledgers, summarrizin 'em in trialbalance, presentin 'em in tradin, profit nd loss acc nd balance sheet and analysin den income nd expenditure stament, cashflows e.T̶̲̥̅̊.c to permit informed judgements nd decisions by users ov acctin info. Deprciatn ɪ̣̝̇ƨ̣̣̣̇̇̇̇ dat part of an asset dat has bin used, as in wear nd tear, its an expenses dat 'll b charged  yur profit as in charged in p&l acct nd 'll be deducted 4rm Ūя̲̅ d historical cost of d asset nd d result ɪ̣̝̇ƨ̣̣̣̇̇̇̇ d N.B.V. As 4 baddebt its an irrecoverable, though organisation do provide 4 ɪ̣̝̇T̶̲̥̅̊(read on PRUDENCE or CONSERVATISM) baddebt written off 'll be charged on p&l acct after dat Ʋ less ɪ̣̝̇T̶̲̥̅̊ from yur total debtors, d remainin debtors 'll b d amount dat prov 4 doubtful debt 'll be charged. N.B the definition 4 depr nd baddebt ɪ̣̝̇ƨ̣̣̣̇̇̇̇ not a standard one buh 4 d sake ov explanation

Lol. its been long since I saw these old accounting terms such as Trading profit and loss account, balance sheet e.t.c

Affiliated:

Lol. its been long since I saw these old accounting terms such as Trading profit and loss account, balance sheet e.t.c

9ja Schools no 1 upgrade all. They are still using accounting terms of the 90's and T method.

hyzich: Firstly, I̶̲̥̅̊ greet all my fellow accounting students, am isaac Adebayo by name, a student of unimaid accounting dept,fin accountin ɪ̣̝̇ƨ̣̣̣̇̇̇̇ d process of capturin financial data 4rm source documnt, recordin 'em in subsidiary books, classifyin dem in ledgers, summarrizin 'em in trialbalance, presentin 'em in tradin, profit nd loss acc nd balance sheet and analysin den income nd expenditure stament, cashflows e.T̶̲̥̅̊.c to permit informed judgements nd decisions by users ov acctin info. Deprciatn ɪ̣̝̇ƨ̣̣̣̇̇̇̇ dat part of an asset dat has bin used, as in wear nd tear, its an expenses dat 'll b charged  yur profit as in charged in p&l acct nd 'll be deducted 4rm Ūя̲̅ d historical cost of d asset nd d result ɪ̣̝̇ƨ̣̣̣̇̇̇̇ d N.B.V. As 4 baddebt its an irrecoverable, though organisation do provide 4 ɪ̣̝̇T̶̲̥̅̊(read on PRUDENCE or CONSERVATISM) baddebt written off 'll be charged on p&l acct after dat Ʋ less ɪ̣̝̇T̶̲̥̅̊ from yur total debtors, d remainin debtors 'll b d amount dat prov 4 doubtful debt 'll be charged. N.B the definition 4 depr nd baddebt ɪ̣̝̇ƨ̣̣̣̇̇̇̇ not a standard one buh 4 d sake ov explanation

Wooooooooooow!!! I L♥√ع this definition of accounting.

DonPedro 2:

9ja Schools no 1 upgrade all. They are still using accounting terms of the 90's and T method.

mr man, take ɪ̣̝̇T̶̲̥̅̊ easy we ar not here to castigate 9jas schools, ˚☺k°. If I̶̲̥̅̊ start using terms like receipt&payment accounts, income statement nd balance sheet, inventory in lieu of of stock, bank giro credit nd oda new terms many ov yu won't understand nd there are fresh accountin students here, so stop ranting shi*t*s instead contribute into d matter  ground, so dat we can learn 4rm one another... CHEERS

DonPedro 2:

9ja Schools no 1 upgrade all. They are still using accounting terms of the 90's and T method.

T method ke? Noooooo! U̶̲̥̅̊ hardly Ơ̴̴͡.̮Ơ̴̴̴͡ that these days o!

Becacia_Barbie:
T method ke? Noooooo! U̶̲̥̅̊ hardly Ơ̴̴͡.̮Ơ̴̴̴͡ that these days o!

Well maybe I could be wrong. But as at 2008 when I passed out, that was still in place.

hyzich: mr man, take ɪ̣̝̇T̶̲̥̅̊ easy we ar not here to castigate 9jas schools, ˚☺k°. If I̶̲̥̅̊ start using terms like receipt&payment accounts, income statement nd balance sheet, inventory in lieu of of stock, bank giro credit nd oda new terms many ov yu won't understand nd there are fresh accountin students here, so stop ranting shi*t*s instead contribute into d matter  ground, so dat we can learn 4rm one another... CHEERS

Ok sir.
But I think its better we start getting use to those words now. The earlier the better.
I'm also here to learn. Please explain bank giro credit

DonPedro 2:

Ok sir.
But I think its better we start getting use to those words now. The earlier the better.
I'm also here to learn. Please explain bank giro credit

. Bank giro credit ɪ̣̝̇ƨ̣̣̣̇̇̇̇ a type of pay in slip usually used when d payment ɪ̣̝̇ƨ̣̣̣̇̇̇̇ into an account held in a different bank. A bank giro can be used in lieu of a pay-in-slip buh pay-in-slip can't be used instead 'cos as the details of d oda bank nid to b entered  d bank giro credit

Slimceezy: Are there any ACCA study centers in Minna? How long would it take a Bachelor of Science, Accounting holder to write the ACCA exams and get certified and how much would it cost?
Any senior colleague in the house? Please. . .

Hi there. If you are determined you can write everything in 2years. I was exempted from paper F1-F4 cause I read accounting and I also paid an exemption fee. Am not a senior colleague. Am about starting mine in lagos. By God's grace I should finish everything dec. 2014. I spent up to 300,000. Registration fee, exam fee, annual subscription fee, lecture fee, textbooks n materials and other things.

planetuzor: Any WYSe student here...

Hey there. Am about to be one. Starting my lectures feb 16 for ACCA.

Nice....

SpicyMimi:
Lool...funny enough, i created this thread after reading my professional ethics notes...its the reason behind this thread.

.

Manshakk: @SpicyMimi: There are text materials and questions pack prepared by Authors like - Omojola, Adeniyi Adeniji, Akeju, Omolehinwa et'al.
Get any of these materials and read...self explanatory!

Is it possible for one who is not a student member to be able to purchase the ACA practice kit in the market?

Question on final account pls.

Why is it that items on the trial balance given are treated once but the items contained in the additional information are treated twice?

Om control account:

Prove that provision for bad/doubtful debt has no dealing with the detors' ledger control account,however it's gonna affect the debtors balance in the balance sheet.

Pls i need more elaboration on brought forward Cr & Dr balances.

Pls let's make this thread a-going-type. -Idris from ADSU,Mubi.

Idolys: Question on final account pls.

Why is it that items on the trial balance given are treated once but the items contained in the additional information are treated twice?

Om control account:

Prove that provision for bad/doubtful debt has no dealing with the detors' ledger control account,however it's gonna affect the debtors balance in the balance sheet.

Pls i need more elaboration on brought forward Cr & Dr balances.

Pls let's make this thread a-going-type. -Idris from ADSU,Mubi.

to your first question. I believe the items in the trial balance have already be given their double entry treatment i.e. The items have occurred and have been treated in their personal accounts while the items in the additional information have not been given their double entry treatment.

Your second question is not very clear.
Just note that in accounting generally we debit all assets and expenses but credit all liabilities/equity and income.

Am a new student of ats1, please is there any good textbook i can use.

frisahost: Am a new student of ats1, please is there any good textbook i can use.

Get FAMS text book at any bookshop..guess its just 1,500k.

any one knows the rules for calculating basis period should enlighten me more..

Pls in double entry, where am I to post credit sales and purchase, and cheque payment and issuing

for credit sales-Dr debtors a/c, Cr Sales a/c.for credit purchases, Dr purchases a/c, Cr suppliers(creditors a/c).

draj93: Pls in double entry, where am I to post credit sales and purchase, and cheque payment and issuing

1. credit sales

Dr Account Receivable (Trade Debtors)A/c
Cr Sales

2. Credit Purchase

Dr. Purchases
Cr. Account Payable (Trade Creditors) A/c

3. Cheque Payment

Dr. Account Receivable
Cr. Bank

4. Cheque Issue

Dr. Bank
Cr. Account Payable

Senior Colleagues plz help wit a project topic. Am a final year accounting student. Actualy i had a topic of my choice before my supervisor insisted that he want a TAX RELATED topic because he takes us taxation. Plz help!!!

b03liberty: Senior Colleagues plz help wit a project topic. Am a final year accounting student. Actualy i had a topic of my choice before my supervisor insisted that he want a TAX RELATED topic because he takes us taxation. Plz help!!!

i suggest u get a topic for yourself, it's always better that way. if we help u here, we have to still provide u with the materials. use google.

Paulipopor:

i suggest u get a topic for yourself, it's always better that way. if we help u here, we have to still provide u with the materials. use google.

Taxation as an instrument of fiscal policy in Nigeria. Thanks. u motivate me

b03liberty: Taxation as an instrument of fiscal policy in Nigeria. Thanks. u motivate me

you are welcome. cheers!