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Hey Fatima, I's so pleased you have found the video to be helpful and it has helped you in this very tricky area. Just to let you know I have developed a workbook to go alongside this video. If you still need some support you can access this here landing.mailerlite.com/webforms/landing/q4i6v0
So...last week I sat my mock exam "Bookkeeping Controls level 2", and failed. Watched your videos before my exam yesterday, and something clicked! It's It's increase and decrease you describe which made it a lot clearer for me! ...and yesterday, I sat the real exam...and PASSED! Thank you so much! I wish you had more videos, basically teaching each level 2 module...as I obviously seam to 'get it' the way you explain it! (I have recommended you so classmates!)
Thank you for your wonderful and encouraging feedback. And congratulations on passing the exam, it is a pleasure to have helped you in your success. Thanks for the recommendation too, this is awesome 😁. More resources will be coming over the coming months, hopefully these will meet you on your study journey.
Extremely helpful! Like others, I had been struggling on this for a little while and couldn't get my head around it. This has made it so much easier. Thank you! :D
Hey Aden, what a relief. This is such a hard topic to grasp and is so fundamental to all accounting. I am very pleased the video has helped you out. All the best for your studies.
Hi Louise, glad this has helped you. Accounting is difficult, don't doubt yourself during the learning stage, you will get things right, you will get things wrong. But either way your are learning. Keep practising and you will do great.
I'm currently studying level three and have passed the level two exam but I suddenly became really confused about even the level two stuff. Finding your videos has been a life saver. I'm actually going to go through all your videos before moving on any further.
Hi Margaret, moving to level 3 can be a big step up from level 2. Hopefully, you will find the techniques covered in my videos to be very helpful in mastering the fundamentals of double entry that will see you through level 3 and 4. Do let me know if there is anything in particular you need help with that isn't covered within my videos.
@@MomentumPGC thanks very much. I just got overwhelmed and the basic stuff seemed impossible so your explanations have been invaluable. Understanding is so much more useful than remembering. On the bookkeeping transactions exam I got below expectations on question six. Do you have a video on that ?
This is the most helpful video I've watched and I actually understand this now. Thank a lot! will definitely subscribe and looking forward for more lessons.
The account name and type are the secret key to mastering double entry bookkeeping, spread the word 😉😁. I am so please the method has helped you Bex. 👍
Hi Eren, it is tough when you are just starting out. My video series will help you to get to grips with it. Best wishes for your studies. I hope you are well and keeping safe 👍
Hi Luiza, really pleased you have found this video to be helpful. I will be releasing a workbook specific for this video later today (Fri 8th Oct). Let me know if you would like me to send you the link once it is ready 👍.
You have literally saved me with this, currently studying my level 2 and double entry I was struggling with but this broken down has been brilliant. Do you have anything on how to balance the t accounts as that is not sinking in with me at all? Thanks
How fantastic. I am so pleased this is now making sense for you. It is definitely a difficult area to grasp. Have you taken a tool at the control accounts video? This will help with balancing the T accounts.
thanks for the video. It's really helpful. I have been really struggling with DEAD-CLIC, I find it so hard to understand without enough examples. Wish there could be more examples to illustrate so we can do more practice.
Hi, I'm glad you have found the video to be really helpful. DEADCLIC and double entry can be really tricky to get to grips with. Search for Teresa Clarke, she may have some resources that may help you 👍
This is really useful and easy to follow at last I feel as I though I understand something :-) you mention a spreadsheet link though but I cannot see anything to click on would like all the help I can get. Thank you
Hi Amanda, thank you for your feedback. I am so pleased it has helped you to develop your understanding in this, what is such a fundamental area. The links to the spreadsheet are within the video description. If you aren't able to locate that let me know and I shall add it here for you 👍😁
Hey Peter, the sales and purchase accounts in the general ledger are separate accounts and represent the income (sales) and expense (purchases) of these transactions and will impact the statement of profit or loss. The sales ledger and purchase ledgers are completely separate and provide the details of how much individual credit customers owe you and how much you owe credit suppliers. Hope this helps 👍
Hi Adam, Office supplies are generally an expense, the cost of office supplies (stationery) would normally be under the capitalisation threshold an organsiation would have in place to determine if costs are to be treated as assets in the accounts. They are likely to be used within the financial year, therefore will be shown as an expense in the SPL for the relevant accounting year. I hope this helps with your understanding of the treatment of office supplies. Best wishes for your studies.
