I recently opened a coffee shop and I just want some help on how to enter transaction from POS to Accounting...eg cash sales, cards payment sales etc.. thank you
I am writing my exams next month and I have been looking for something that can help and I am so glad I came accross your videos, I am understanding things that my teacher have been teaching me but couldn't understand. thank you so much.
I've been really struggling when. It comes to accounting because of my teacher but I feel like you make me understand better and make me do better. What in really upset about is I'm really working hard and I just want that A that I used to get .Anyways GOD BLESS YOU ALL❤.
Thank you for the lesson, how do I calculate and record in the GJ?Received from CT less 8% settlement discount .(balance owing at the beginning of the month :R8646 ?
Thanks for the video. It's very helpful. How is a transaction like this recorded in the general journal : "Sold 150 bags of Wonder Lawn to Biggs Nurseries on credit for R750. 00. The cost was R600.00
And can you also do general journal affecting accounts like. For example: Mr. Mark Moka started a business with cash 200,000 and inventory valued @70,000 on 1st January 2005......... Can you solve this???
I have a question @counttuts . Why on the second transaction did you credit the money from the bank? Cash is an asset so it's should be capital and inventory affected
Credited bank bc money is going out of the business. As you’ve mentioned bank/cash is Asset it decrease on the credit side, that’s why is credited. Capital is a not affected😊