The illustration demonstrates the computation of accounts receivable before allowance and at net realizable value. It emphasizes the significance of a precise estimation of the allowance for doubtful accounts to reflect the accurate value of accounts receivable on the company's financial statements. I learned a lot. Thank you, Prof. A!
Analyzation really plays a great part in solving accounting problems as it is crucial in getting the correct answer. It's important to always proceed with caution in calculating to avoid overlooking some data given or accidentally switching and misplacing the normal balances of some account titles. Thank you again, Sir A! I was able to review and assess my knowledge through this review video.
In this video lecture, I found understanding Computing for AR before Allowance & AR, NRV, and the nature of each account title essential. A solid foundation in basic accounting helps grasp complex topics better. Attempting the problems before watching the solution process boosted my confidence, and I got the correct answers. Thank you, Sir A, for this enriching learning experience!
Through watching this video, I have learned the computation for accounts receivable before allowance and AR, NRV. I appreciate that we can really follow the lessons, because it was presented clearly. Thank you po, Sir A.
In the given illustrations, I realized the importance of understanding the specific requirements of what was being asked and knowing what needs to be added and what should not be added. And because of this, it is important to be familiar with the nature of accounts in order to correctly identify the relevant components and determine the appropriate calculations. Thank you, Sir A!
Through this video, I realized that it is important to know the normal balances of an account to comprehend how they can affect the balance of account receivables. I was able to understand the step-by-step process of answering these types of problems. Thank you for this video, sir A!
After watching this video, I was realized to analyze topics extremely carefully, especially in the subject of accounting. Keeping track of the various calculations for determining the total accounts receivable only and the net realizable value of accounts receivable is highly beneficial. It will lead us through the various accounting questions we will run into due to the various illustrations. Thank you again, Sir A!
The one thing essential in this video lecture is understanding the normal balance of an account for us to know if it is being added or deducted or if it is irrelevant to the question. With your assistance in the first illustration, I was able to correctly answer the second illustration on my own. Thank you, Sir A!
ACCOUNTS RECEIVABLE ILLUSTRATIONS | COMPUTE FOR AR before ALLOWANCE & AR, NRV This video further helped me to understand how to identify different information and how they affect each accounts included in accounting for account receivable. It can be quite confusing but thanks to this video, it’s somehow easier to understand along with the step-by-step solution accompanied with clear and concise explanation. I specifically took note of how collection of accounts written off wouldn’t affect the accounts receivable because this transaction includes a debit and credit of the same amount in AR. Thank you so much for this helpful video, Sir A!
The image depicts two scenarios. Each case's computation was discussed in an intelligible and transparent manner. In addition, I discovered that studying the supplied can provide an indication as to what should be added, subtracted, or omitted in the computation. Some problems involve extra input that will not be used in the calculation. Sir A deserves a lot of credit for making this video. It helps learners in comprehending the subject at their own pace.
In these illustrations, I enjoyed computing the account receivable problems. I learned that it is really important to be keen on details because if info is left noticed, the answer will be greatly affected. Thank you, Sir A!
These sample problems and illustrations helped us use the knowledge we obtained from the previous video lectures. Videos like these also help us to get used to solving problems involving accounts receivables. Thank you po, Sir A!
After watching the video, I am now familiar with the transactions that affect Accounts Receivable. I learned that when solving for Accounts Receivable before allowance for doubtful accounts we add the beginning balance and credit sales, and we deduct collection from customers and accounts written off. Also, I am now knowledgeable about the process of getting the net realizable value. Thank you, Sir A!
You can solve the problem correctly if you read and understand the problem carefully.Through this video, I was able to assess my knowledge and decide whether or not I could provide answers through this exercise . Even if there are still certain things that are unclear, I was able to have a good grasp on the accounts receivable with the help of your video and your explanation of how to handle them. Once again, the T-account greatly aids in the perception of answers. Thank you, Sir A! to a concise and simple-to-follow video.
Understanding difficult topics requires a firm foundation in fundamental accounting, particularly the nature and usual balance of each account title. Throughout this discussion, I understood how critical it is to understand the nature of each account because it will keep you from becoming confused while tackling each problem. It will tell you if each account should be deducted or added. Thank you, Sir A!
This video certainly featured various problem-solving situations relating to accounts receivable. I found the examples a bit confusing, but as Sir A started outlining the procedure, it became easier to comprehend how to compute for accounts receivable before allowance and accounts receivable, net realizable value. I discovered that accounts receivable is the term used to describe the sum due to a business by its clients for goods or services sold on credit. Sir A explained the concept of net realizable value, which is the amount of accounts receivable that a company expects to collect after adjusting for any expected losses due to bad debts. subsequently also showed how to figure out the accounts receivable balance prior to making an allowance for doubtful accounts. Thank you, Sir A!
I learned new things again, the importance of T-accounts, and what items should be included or not included depending on the problem. I was able to get the correct answers and enhance my comprehension skill (this is what I really need). I am one step closer to understanding the accounts receivable and having the mastery of it. Thank you po, Sir A!
This video assesses one's ability to solve receivables problems and emphasizes the significance of thoroughly examining issues and selecting which accounts to add or eliminate. While preparation for more difficult challenges is critical, the individual remains unclear. Thank you very much, Sir A!
I watched the video lecture again in order to better grasp what should be included and what should not be in the journal entries despite having some trouble trying to respond to the two illustrations. Another issue is that it's crucial that you becomes familiar with and comprehend the accounts so that you can more easily determine their value in the journal entries. Thank you, Sir A!
In this video, I learned that it is important to analyze the problem carefully and know the nature of every account to avoid confusion. Thank you, sir!
In this video lecture, I realized that it is important to understand the very nature of every account so that you'll be able to identify wether to add or subtract it. I need to familiarize myself with it more so that I could be able to answer problems. Thank you, Sir A!
I have answered the given problems about the accounts receivable with so much ease. I am glad that I have used the knowledge I've learned from reading and watching your videos, sir. Thank you!
This video lecture taught me how to compute for the accounts receivable subtracting and adding other related accounts. Also, the illustrations and discussion of sir A made clearly explained what accounts and when should it be subtracted of added to get the accounts receivable. Examples always make it easier for students to understand the lectures. Thank you, Sir A!
At first, I was quite confused, but as I continued watching, I gradually began to comprehend the topic. After finishing the video, I had a newfound realization of the importance of understanding the nature of each account and how they interact with one another. Thank you po!
With the two examples given, I learned that it’s important to analyze and consider the entries of each transaction in order to realize the accounts that affect it and their normal balances. Through visualizing the entries, we will be able to know if we would deduct, add, or ignore the balance to come up with the correct answer. Thank you, Sir!
Upon watching this lecture video, I came to realize the importance of having a clear understanding of the nature of each account. Through the illustrative examples presented in the video, I also learned the value of carefully analyzing the problem at hand, as it can greatly impact the accuracy of one's answer. I am grateful for the clear and concise explanations provided by the lecturer, which have helped me to better comprehend the computations involved in the topics discussed. Overall, this video has been a valuable resource in improving my skills in accounting.
The examples provided in this video really help me assess how much I know about account receivables. And I discovered that in order to determine the right answer, we must thoroughly examine the problem and find the accounts that need to be added or subtracted. The answer could be incorrect due to a single error. Thank you, Sir A!
This video evaluates one's receivables problem-solving abilities and highlights the importance of carefully evaluating issues and determining accounts to add or subtract. While preparing for tougher problems is crucial, the individual still feels uncertain. Thank you po sir A!
During the course of our discussion, I came to understand the significance of understanding the nature of each account. This knowledge proves invaluable in avoiding confusion when approaching different problems, as it guides us on when to subtract or add an account. Thank you, sir A!
I realized that in order to solve this problem effectively, we should familiar more ourselves with how the accounts were journalized, what their normal balances are, and which ones will be added to or deducted from the AR as well as which ones are irrelevant to use in the problem. Since, this will enable us to determine the correct amount that is needed in the end. Overall, the explanations for every problems in this video were clear and easily understood, which allowed me to follow along with why and what was happening on some accounts in the transactions, particularly when we come across an account where we offset it. So, Sir A, I thank you for it.
This video lecture is all about accounts receivable illustrations particularly the computations for accounts receivable before allowance and net realizable value of accounts receivable. The importance of using t-accounts to see proper accounting titles placement is highlighted in this lecture. Even though the operations used were mainly addition and subtraction, it's very important to analyze the given problem carefully. Being able to know the normal balances of the accounts and what to include and exclude in the computation process is also crucial in order to arrive with the correct answers. Both problems were explained clearly, making it easier to digest and understand the process involved with the computations. Thank you, Sir A.
I've realized that it is really important to know the function of each account in order to analyze the problem well. The problems in this video lecture helped me to comprehend the topic and test the knowledge gained from the previous video lectures. Thank you, Sir A!
I gained the knowledge that it's crucial to analyze and identify the relevant factors for computing missing data before attempting any exercise. Additionally, I learned about the significance of accurately journalizing accounts receivable and understanding their typical balance. Thank you Sir A!
By this video illustration about accounts receivable I realized that you will understand more in depth the problem solving by using example and practicing the fundamental to the advanced topics is the best method to learn accounting. Through this video, I've expanded my knowledge base and acquired more skills as I've adopt new information about the given topic. Tried solving each problem, and after so I may not got the correct answer on both but still I acquire new skills and knowledge. Thank you prof A.
After watching this video, I realized that it’s really important to deeply analyze the problem in order to get the correct answer. This account receivable problem illustration helped me to fully understand how to calculate such problems. Thank you so much for this well explained problem solving, Sir A!
Honestly, I was surprised as how this turned out to be this easy for me. The first thing I always looked for was the question being asked in the problem so that it will be a lot easier for me to eliminate the irrelevant figures. I tried answering them and getting my own answer before I listen to Sir A's explanation and in-between discussions of each items presented. Fortunately, I was able to compute for Accounts Receivable in the first question with much consideration of the word "before", as it indicates that it is only asking for the AR. As for the second question, I was focused on getting the proper operations, being mindful of which belongs to AR, contra-AR and AFDA. Overall, I am satisfied upon discovering my improvements in these areas through these exercises. Thank you so much, Sir A!
In this lesson, I understood how crucial it is to know if something is in debit or credit so that we can make the appropriate calculations. Thank you, Sir A.
To be honest, these kinds of videos are the ones helping me a lot in understanding the topics better. I love how I could connect the concepts to the actual problems and it is very satisfying to know that through these videos, I am able to learn and retain knowledge more effectively. Thank you, Sir A.
The discussion was easy to follow because it was explained in detail, particularly the solutions for each problem. It was clear why certain amounts were added or deducted from the accounts receivable. Thank you po for providing these types of problems, as they helped reduce my confusion. Maraming salamat po Sir!
Having a solid foundation in fundamental accounting, especially the nature and normal balance of each account title, really is an advantage in terms of understanding complicated topics. Through this video lecture, I was able to better comprehend the normal balances accounts including the factors that can affect them. Thank you, Sir A.
In this sample illustration, I've realized the importance of knowing the nature of every account to be able to identify what to add and what to deduct. The example problems are really helpful and I've a lot from this video. Thank you Sir A!
Things to consider regarding the journal entries is that it is important to know the normal balance of each account and thoroughly understand each situation or transaction to fully comprehend the reason behind the debit and credit of account titles. One journal entry that was mentioned in the video was the entry for collections for customers excluding recovery which is recorded as debit cash and credit accounts receivable. While offsetting should amount to 0. Having these exercises and understanding each points to consider and purpose makes it more easy to answer each problem and have a smooth process of searching for the right amount needed for the answer. Thank you for this wonderful video, Sir A!
This video lecture presented several problem-solving examples related to accounts receivable. At first, I found the examples a bit confusing, but as Sir A started explaining the steps, I began to understand how to compute for accounts receivable before allowance and accounts receivable, net realizable value. Through the video, I learned that accounts receivable refers to the amount owed to a company by its customers for goods or services sold on credit. Sir A explained the concept of net realizable value, which is the amount of accounts receivable that a company expects to collect after adjusting for any expected losses due to bad debts. He also demonstrated how to calculate the balance of accounts receivable before allowance for doubtful accounts. While I still need to improve my ability to analyze the problems and illustrations presented in the lecture, Sir A's detailed explanations and step-by-step approach helped me to better understand the lesson. Thank you, Sir A!
The transition from the concepts to solving problems has made this easier for me to know which values to consider and which we should not. Since this topic was quietly familiar, I solved the problems and skipped to the part where you explained if ever I got a value wrong. Fortunately, I got both answers correct. Always thankful, Sir A!
This helped me understand how vital it is to know what data should be included in solving. Knowing whether the account should be added to or subtracted is also very crucial as it will cause error.
In this video lecture, the nature of every account was discussed, which is crucial to avoid confusion throughout computing problems. Learning this first is a step to manage delving into more complicated topics. Furthermore, it will provide such solid grounds for consistency and accuracy. This was such a helpful video lecture overall. Thank you, Sir A!
After watching the video and immersing myself completely with the given problems, together with carefully listening to Sir A's explanation, I've clearly learned how to solve the sample illustrations. Sir A's thorough discussion on how to compute the problems helped me a lot to understand how to get the right solutions regarding Accounts Receivable. I'm grateful that Sir A discussed it in a very clear way to us.
Yeyyy! Even though this lecture shows a lot of problem-solving related to accounts receivable. I became familiar with the transactions that affect Accounts Receivable. It wasn't easy at first, but with the help of Sir A, he explained it very well. I began to understand how to compute for accounts receivable before allowance and accounts receivable, the net realizable value, which is the number of accounts receivable that a company expects to collect after adjusting for any expected losses due to bad debts. It also demonstrates how to calculate the balance of accounts receivable before allowance for doubtful accounts, we add the beginning balance and credit sales, and we deduct collection from customers and accounts written off. Thank you so much for this, Sir A!
Its important to analyze the problem thoroughly, and it made me realize to think and try harder to find the correct answer to the problems despite getting it wrong several times. Thank you so much Sir A!
The video was an application of the previously discussed topics. I realized how critical problem analysis is. I need to compute the DAE, write-off, ending, and beginning balance in order to be able answer the questions. I still need to work on my problem-solving skills. Thank you, Sir A!
Through this video, I have assessed how much I know about receivables and I was able to learn how important it is to be mindful of the details of the problem. Thank you Sir A!
This interactive question-and-answer video introduces a faster way to compute for problems regarding accounts receivables. With proper analysis, you can identify in the first look the values to be added or subtracted to get the required amount in the problem. But if you are not confident enough in solving accounts receivables, it is advisable to use the T-accounts method, which is easy to follow and understand. Thank you, Sir A!
Knowing the nature of accounts is very important to know how to solve the problem because it will help you know whether it is included in the accounts that you will use in computations to get the right answer or need to answer. This illustration is very helpful, thank you sir A.
Through this video lecture, I have learned more about the distinction of net realizable value (NRV = A/R - Allowances) and the gross receivable which is before the allowance account. Thank you, Sir A!
Just like on the previous video illustrations, I tried my best to get the answer in each problem before continuing the entire computation of Sir A. Fortunately, I got the same and accurate figure that the problem is looking for. Also, I learned here that if the requirement of a problem is to get the “before allowance for doubtful accounts, we disregard the collection in the prior year and the estimated uncollectible accounts. However, if the problem requires the net realizable value, we include these two accounts in computing the answer. So, thank you, Sir A for these exercises.
This video is detailed. I was able to identify what is included in the Accounts receivable and what is deducted and added. Thank so much po Sir A! This is a great help to someone who struggled analyzing using the book po.
These illustrations have helped me to understand how crucial it is to have a solid understanding of account nature. Knowing whether to add or subtract is important because even one error might cause everything to go wrong. Nice and simple to comprehend examples were provided. The only things needed are analysis, concentration, and knowledge to be able to solve the problem. God bless you, sir A, and thank you po!
The knowledge that I acquired in basic accounting undeniably helped me to apply in these illustrations. By analyzing what to include and exclude depending in the problem is crucial as well as what to deduct and add. However, it was easier for me to directly put what to add/deduct rather than using a T-account as what I've used in the prior videos. All in all, this video efficiently taught me in solving the given samples. Thank you for this video, sir A!
In this video lecture, I learned when to add or deduct certain accounts as well as why and what accounts don't have an effect or should be excluded in computation to arrive at the solution. I also learned about the difference between the net realizable value of accounts receivable and accounts receivable before allowance for doubtful accounts. Thank you, Sir A!
In these kinds of difficulties, it is quite important to know which accounts are required as well as what to subtract from and add. I was able to test my knowledge about account receivables. Thank you, Sir A!
This video discussion about accounts receivable illustrations is fun and informative to watch and interact. I was able to learn the computations for accounts receivable before the allowance for doubtful accounts as well as how to identify the accounts included in the allowances for doubtful accounts. Thank you po, Sir A!
This video lecture presented several problem-solving examples related to accounts receivable. I initially found the examples somewhat confusing, but as Sir A clarified the steps, I started to comprehend how to compute for accounts receivable before allowance and accounts receivable, net realizable value. Although Sir A's thorough explanations and step-by-step approach made the course more manageable for me to follow, I still need to work on my ability to analyze the problems and illustrations used in the lecture. Sir A, I'm grateful.
In today's tutorial, I learned that before answering an exercise, you should first analyze and know what should be included or considered in the data in computing the missing item. Other than that, I also learned the importance of knowing how to journalize the accounts related to accounts receivable and also, the importance of knowing the normal balance of these accounts. Gladly, I was able to answer both exercises. Thank you for this fruitful tutorial, Sir A!
Several illustrative problems presented above were helpful for me to apply what I have learned on watching online video lectures. I both understand the problems and the process of getting the correct answer for both of them. I hope that I retain all of my learnings and get a passing score for the upcoming midterms examination. Thank you po, Sir A!
It is essential to thoroughly analyze what is being stated in the problem in order to get the correct answer. In the end I was able to understand how to compute each problem and take notes why it is included and not included in the computation. Thank you Sir A!
It is important to consider the primary questions posed in this video after watching it. In this example, the balance of accounts receivable before provision for doubtful accounts and net realizable value is what it is looking for. I tried to solve it on my own and initially got them wrong, then tried again and ultimately got them to process and understand. Thank you, Sir A!
Although I found a couple parts of the illustration to be extremely difficult, this presentation was made simple. Fortunately, it was carefully discussed as we go through each element of the problem. I learned the typical balances of each transaction frequently encountered when dealing with accounts receivable from this video lesson. I also learned which transactions the calculation should exclude. Another lesson to be learned is to pay attention to the question since sometimes the answer is not obvious, as in the case of the second problem, which asks for the net realizable value of accounts receivable. Thank you Sir A!
I came to the realization that I should carefully consider all topics after watching this video, especially those pertaining to accounting. It is quite helpful to keep track of the numerous computations used to figure out the total accounts receivable only and the net realizable value of accounts receivable. I think I need more practice, though, to really deepen my comprehension of this subject. Thank you Sir A.
I was able to examine my knowledge and determine whether or not I could ultimately solve challenges. However, in certain cases, I became confused. But after viewing and hearing your explanation on how to fix it, I now have a better understanding. I'd forgotten how fundamental the t-account is, from basic accounting to this discussion regarding dubious accounts. I'm grateful since, even if I'm not at home, I was able to recollect by just watching this video lesson whenever and whenever I wanted. Thank you, Sir A!
Throughout the discussion, I realized how important it is to know the nature of every account as it will help you not to be confused while solving each problem. It will tell you whether to deduct or add each account. Overall, this video lecture is a great help for me as it allows me to apply my learnings from previous discussions. Thank you, Sir!
I just watched this video about Accounts Receivable Illustrations, which focused on how to compute AR before Allowance & AR, NRV. Overall, I found the video to be informative and engaging, and it provided a terrific opportunity for me to apply what I had learned in the previous lesson on dealing with Accounts Receivable problems. The first problem was an eye-opener for me to differentiate which accounts to include and not to include to identify either AR or NRV, but I was able to solve the problems with ease. However, I still believe that I need more practice to further improve my understanding of this topic. Thank you, Sir A! for providing an enjoyable exercise that allowed me to practice and enhance my knowledge on this topic.
This video made me realize the importance of knowing the nature of the account in order to find out whether it will be added or deducted. Also, a thorough analysis of the given problem is important in order to avoid mistakes. I tried answering the given problems before proceeding to the video, and I made some mistakes, but after watching the discussion, I learned about what I did wrong and I understand the topic better. Answering sample problems is really helpful for me to appreciate and learn more about the topic, like accounts receivable, which I find complicated. Thank you for this video, Sir A!
In this video lecture it has taught me to be very careful and to read the question carefully because there will be accounts to be added, subtracted, and shall be ignored. The steps and solutions were explained clearly. Thank you sir A
Due to the previous videos, it has been easy for me to answer the two illustrations here. I learn to be careful as always when analyzing whether the accounts are a deduction or an addition to the Accounts Receivable. I am also not overwhelmed with information since every possible transaction is discussed simply and is not packed in one long video. Thank you, sir A!
This illustration used a different way of solving compared to the previous videos. It is important to familiarize various accounts and their nature. Since there are instances that some accounts should not be in the solution based on what the problem is asking for. Thank you, Sir, for providing various illustrations and explaining the topic further.
In this video lecture I have learned that it is important to master the nature of accounts to know whether that particular amount and account should be included or not. Thank you Sir A!
I realized that in solving problems, we need to understand the nature of each accounts for us to decide whether we add or subtract them. These 2 problems were explained clearly, thank you for this helpful video Sir A!
This video aided me in discerning the normal balances for each account. We must also know whether to add or subtract certain items in determining the balances of accounts receivables or the net realizable value. Thank you, Sir A.
I gained a better grasp of how to examine accounts receivable transactions. However, I am still perplexed about various transactions, highlighting the significance of obtaining additional practice and knowledge of the subject. Furthermore, understanding that debits and credits are important in accurately documenting transactions is a key step toward learning the topic, which I must practice. Thank you po, Sir A!
This video discussion is a connected sample illustration from the video prior and it gave a whole new idea on how we would encounter accounts receivable, allowance for doubtful accounts, and net realizable value on problems. Hopefully, similar questions would appear in the exams. Regardless, I learn a lot on this video especially on how account titles would appear as phrases on these kind of problems like how "estimated future sales return" could be part of allowance for uncollectible accounts. Overall, it's important to understand the full context of the problem to know the course of action we should do to find the answers. Thank you Sir A for a smooth explanation of these illustrations!
In this video, my key takeaway is that it is important to know the nature of the account to know if it is needed to be added or deducted or not really needed in the computation. I tried answering the two illustration and I got the right answer in the first illustration but in the second one, I didn’t get it. I got confused and wasn’t sure where I got it wrong but as I watched the video, I was able to understand the correct solution and find out where my mistake is. Thank you, Prof A!
This sample problems greatly emphasized on deep analyzation, being keen on details, and knowledge on the nature of accounts. Once there are information left unnoticed, the answer we might get will be significantly different. Thank you, Sir A for also explaining the problems and the details of the solutions.
I was able to tell the normal balances for each account thanks to this video instruction. We need to know whether to add up or subtract certain elements when calculating the balances of accounts receivables or the net realizable value. By visualizing the entries, we may decide whether to subtract from, add to, or disregard the balance in order to arrive at the right solution. Thank you, Sir A!
It's important that we know the recognition of each account so that we can follow and compute the problems easier, as well as the one we're looking for. Thank you Sir for this short yet clear illustrations.
These practice problems have shown me how important it is to pay close attention to details and understand the nature of different accounts. If we miss any information, the answer we get can be very different. Explanations of the problems and the solutions in a way that was easy to understand really helped me learn and improve my understanding of the topic. Thank you po
The sample problems provided were quite useful in applying the concepts I learned from the previous video lectures. I realized that it is important to have a comprehensive understanding of each account's details to effectively solve each problem. Thank you, Sir A.
Upon watching the video lecture, I learned how to calculate AR before Allowance & AR, NRV. The first illustration helped me distinguish which accounts were relevant for identifying either AR or NRV, and although it was challenging to analyze, I was able to solve it with ease. However, I believe I need more practice to further improve my understanding of this topic. Thank you, Sir A!
it is challenging yet fun to answer both of the problems. I got the correct answer for the problem looking for AR and NRV. It is vital for us to know the normal balances and the nature of each accounts in order to properly compute what is being asked. Thank you sir A for providing explanation for the reason behind why an account is excluded or included, it's a big help in analyzing the accounts given in the problem and will surely help us analyze future problems involving this topic.
After watching the video, it is essential to carefully analyze the question because there will be accounts that will be included and others that will be ignored. The illustrations help me gain more knowledge about the lesson. Thank you, sir A
I already watched this video lecture before and the given illustration or example cases helps me to understand more about the topic in Accounts Receivable and how to compute AR before allowance and the NRV and I was able to answer some cases on my own.
While watching this lecture, I attempted to solve the problems using an Excel worksheet. Although I included some wrong amounts, I realized and understood why I should exclude them since it will depend on what is being asked. Thus, properly analyzing the question will make it less confusing and allow us to calculate smoothly. Thank you for the clear and precise illustration, Sir A!
At the end of this video lesson, I came to the conclusion that in order to solve problems like the two examples, we need to understand the nature of each account in order to decide whether to add or subtract them from the solution and, as a result, get an accurate result. I must say that I got the right results for both of the two illustrations when I computed them using T-account. I am now eager to answer further problems because of Sir A's comprehensive explanation. Thank you for this video, Sir A.
This video lecture helped me distinguish the normal balances for each accounts. In determining the balances of accounts receivables or the net realizable value, it is essential that we know whether to add up or deduct certain items. I tried computing the problems first on my own, and gladly, I was able to get them right. I hope I will continue getting correct answers. Thank you, Sir A!
After seeing this video, which provides me with insight into solving these kinds of difficulties, I came to the realization that knowing the nature and normal balance of each account title is very important if we want to comprehend how it affects the total balance of accounts receivable.
The different example problems helped me pictured out all the objectives of each previous discussion and did pave the way for me to finally be able to illustrate how it is to handle such problems. Thanks Sir A!
This video lectures helped me a lot to better understand the concepts of receivables and in solving problems. I realized that knowing the nature of every account is vital and enhancing our analysis in every problem solving is the first step for us to have the right answer. Thank you sir A!
In this video, I was able to evaluate how well I do at solving various challenges involving receivables. I was happy to discover the right solutions to both challenges once more. I took away from this that in order to achieve the right result, we should carefully evaluate the issue and determine the accounts that should be added or subtracted. I know that these are only easier problems to answer, so I should better prepare myself for complex ones, thus I still don't feel confident. Thank You Sir A!
Watching this video was useful in helping me apply the concepts that I have previously learned regarding accounts receivable and its net realizable value. And because of this, it was quite easy for me to answer the problems. There were still some transactions that confused me so I have noted that it's really important to familiarize myself whether it's supposed to be credited or debited. In addition, I have also learned that when a transaction results in offsetting an amount, it is equivalent to having no effect. All in all, these practice questions helped me improve my analyzing skills in terms of receivables. Thank you po!
Watching this video gives me an insight into computing these kinds of problems. Again, it taught me that it is needed to be very careful in reading the transactions carefully. Sir A’s explanation on the solutions was explained comprehensibly. Thanks, Prof. A! ♡
![[Intermediate Accounting] Discussion 06 - Lower of Cost and Net Realizable Value (LCNRV)](/img/n.gif)
The illustration demonstrates the computation of accounts receivable before allowance and at net realizable value. It emphasizes the significance of a precise estimation of the allowance for doubtful accounts to reflect the accurate value of accounts receivable on the company's financial statements. I learned a lot. Thank you, Prof. A!
Analyzation really plays a great part in solving accounting problems as it is crucial in getting the correct answer. It's important to always proceed with caution in calculating to avoid overlooking some data given or accidentally switching and misplacing the normal balances of some account titles. Thank you again, Sir A! I was able to review and assess my knowledge through this review video.
In this video lecture, I found understanding Computing for AR before Allowance & AR, NRV, and the nature of each account title essential. A solid foundation in basic accounting helps grasp complex topics better. Attempting the problems before watching the solution process boosted my confidence, and I got the correct answers. Thank you, Sir A, for this enriching learning experience!
Through watching this video, I have learned the computation for accounts receivable before allowance and AR, NRV. I appreciate that we can really follow the lessons, because it was presented clearly. Thank you po, Sir A.
In the given illustrations, I realized the importance of understanding the specific requirements of what was being asked and knowing what needs to be added and what should not be added. And because of this, it is important to be familiar with the nature of accounts in order to correctly identify the relevant components and determine the appropriate calculations. Thank you, Sir A!
Through this video, I realized that it is important to know the normal balances of an account to comprehend how they can affect the balance of account receivables. I was able to understand the step-by-step process of answering these types of problems. Thank you for this video, sir A!
After watching this video, I was realized to analyze topics extremely carefully, especially in the subject of accounting. Keeping track of the various calculations for determining the total accounts receivable only and the net realizable value of accounts receivable is highly beneficial. It will lead us through the various accounting questions we will run into due to the various illustrations. Thank you again, Sir A!
The one thing essential in this video lecture is understanding the normal balance of an account for us to know if it is being added or deducted or if it is irrelevant to the question. With your assistance in the first illustration, I was able to correctly answer the second illustration on my own. Thank you, Sir A!
ACCOUNTS RECEIVABLE ILLUSTRATIONS | COMPUTE FOR AR before ALLOWANCE & AR, NRV
This video further helped me to understand how to identify different information and how they affect each accounts included in accounting for account receivable. It can be quite confusing but thanks to this video, it’s somehow easier to understand along with the step-by-step solution accompanied with clear and concise explanation. I specifically took note of how collection of accounts written off wouldn’t affect the accounts receivable because this transaction includes a debit and credit of the same amount in AR.
Thank you so much for this helpful video, Sir A!
The image depicts two scenarios. Each case's computation was discussed in an intelligible and transparent manner. In addition, I discovered that studying the supplied can provide an indication as to what should be added, subtracted, or omitted in the computation. Some problems involve extra input that will not be used in the calculation. Sir A deserves a lot of credit for making this video. It helps learners in comprehending the subject at their own pace.
In these illustrations, I enjoyed computing the account receivable problems. I learned that it is really important to be keen on details because if info is left noticed, the answer will be greatly affected. Thank you, Sir A!
These sample problems and illustrations helped us use the knowledge we obtained from the previous video lectures. Videos like these also help us to get used to solving problems involving accounts receivables. Thank you po, Sir A!
After watching the video, I am now familiar with the transactions that affect Accounts Receivable. I learned that when solving for Accounts Receivable before allowance for doubtful accounts we add the beginning balance and credit sales, and we deduct collection from customers and accounts written off. Also, I am now knowledgeable about the process of getting the net realizable value. Thank you, Sir A!
You can solve the problem correctly if you read and understand the problem carefully.Through this video, I was able to assess my knowledge and decide whether or not I could provide answers through this exercise . Even if there are still certain things that are unclear, I was able to have a good grasp on the accounts receivable with the help of your video and your explanation of how to handle them. Once again, the T-account greatly aids in the perception of answers. Thank you, Sir A! to a concise and simple-to-follow video.
Understanding difficult topics requires a firm foundation in fundamental accounting, particularly the nature and usual balance of each account title. Throughout this discussion, I understood how critical it is to understand the nature of each account because it will keep you from becoming confused while tackling each problem. It will tell you if each account should be deducted or added. Thank you, Sir A!
This video certainly featured various problem-solving situations relating to accounts receivable. I found the examples a bit confusing, but as Sir A started outlining the procedure, it became easier to comprehend how to compute for accounts receivable before allowance and accounts receivable, net realizable value. I discovered that accounts receivable is the term used to describe the sum due to a business by its clients for goods or services sold on credit. Sir A explained the concept of net realizable value, which is the amount of accounts receivable that a company expects to collect after adjusting for any expected losses due to bad debts. subsequently also showed how to figure out the accounts receivable balance prior to making an allowance for doubtful accounts. Thank you, Sir A!
I learned new things again, the importance of T-accounts, and what items should be included or not included depending on the problem. I was able to get the correct answers and enhance my comprehension skill (this is what I really need). I am one step closer to understanding the accounts receivable and having the mastery of it. Thank you po, Sir A!
This video assesses one's ability to solve receivables problems and emphasizes the significance of thoroughly examining issues and selecting which accounts to add or eliminate. While preparation for more difficult challenges is critical, the individual remains unclear. Thank you very much, Sir A!
I watched the video lecture again in order to better grasp what should be included and what should not be in the journal entries despite having some trouble trying to respond to the two illustrations. Another issue is that it's crucial that you becomes familiar with and comprehend the accounts so that you can more easily determine their value in the journal entries. Thank you, Sir A!
In this video, I learned that it is important to analyze the problem carefully and know the nature of every account to avoid confusion. Thank you, sir!
In this video lecture, I realized that it is important to understand the very nature of every account so that you'll be able to identify wether to add or subtract it. I need to familiarize myself with it more so that I could be able to answer problems. Thank you, Sir A!
I have answered the given problems about the accounts receivable with so much ease. I am glad that I have used the knowledge I've learned from reading and watching your videos, sir. Thank you!
This video lecture taught me how to compute for the accounts receivable subtracting and adding other related accounts. Also, the illustrations and discussion of sir A made clearly explained what accounts and when should it be subtracted of added to get the accounts receivable. Examples always make it easier for students to understand the lectures. Thank you, Sir A!
At first, I was quite confused, but as I continued watching, I gradually began to comprehend the topic. After finishing the video, I had a newfound realization of the importance of understanding the nature of each account and how they interact with one another. Thank you po!
With the two examples given, I learned that it’s important to analyze and consider the entries of each transaction in order to realize the accounts that affect it and their normal balances. Through visualizing the entries, we will be able to know if we would deduct, add, or ignore the balance to come up with the correct answer. Thank you, Sir!
Upon watching this lecture video, I came to realize the importance of having a clear understanding of the nature of each account. Through the illustrative examples presented in the video, I also learned the value of carefully analyzing the problem at hand, as it can greatly impact the accuracy of one's answer. I am grateful for the clear and concise explanations provided by the lecturer, which have helped me to better comprehend the computations involved in the topics discussed. Overall, this video has been a valuable resource in improving my skills in accounting.
The examples provided in this video really help me assess how much I know about account receivables. And I discovered that in order to determine the right answer, we must thoroughly examine the problem and find the accounts that need to be added or subtracted. The answer could be incorrect due to a single error. Thank you, Sir A!
This video evaluates one's receivables problem-solving abilities and highlights the importance of carefully evaluating issues and determining accounts to add or subtract. While preparing for tougher problems is crucial, the individual still feels uncertain. Thank you po sir A!
During the course of our discussion, I came to understand the significance of understanding the nature of each account. This knowledge proves invaluable in avoiding confusion when approaching different problems, as it guides us on when to subtract or add an account. Thank you, sir A!
I realized that in order to solve this problem effectively, we should familiar more ourselves with how the accounts were journalized, what their normal balances are, and which ones will be added to or deducted from the AR as well as which ones are irrelevant to use in the problem. Since, this will enable us to determine the correct amount that is needed in the end. Overall, the explanations for every problems in this video were clear and easily understood, which allowed me to follow along with why and what was happening on some accounts in the transactions, particularly when we come across an account where we offset it. So, Sir A, I thank you for it.
This video lecture is all about accounts receivable illustrations particularly the computations for accounts receivable before allowance and net realizable value of accounts receivable. The importance of using t-accounts to see proper accounting titles placement is highlighted in this lecture. Even though the operations used were mainly addition and subtraction, it's very important to analyze the given problem carefully. Being able to know the normal balances of the accounts and what to include and exclude in the computation process is also crucial in order to arrive with the correct answers.
Both problems were explained clearly, making it easier to digest and understand the process involved with the computations.
Thank you, Sir A.
I've realized that it is really important to know the function of each account in order to analyze the problem well. The problems in this video lecture helped me to comprehend the topic and test the knowledge gained from the previous video lectures. Thank you, Sir A!
I gained the knowledge that it's crucial to analyze and identify the relevant factors for computing missing data before attempting any exercise. Additionally, I learned about the significance of accurately journalizing accounts receivable and understanding their typical balance. Thank you Sir A!
By this video illustration about accounts receivable I realized that you will understand more in depth the problem solving by using example and practicing the fundamental to the advanced topics is the best method to learn accounting. Through this video, I've expanded my knowledge base and acquired more skills as I've adopt new information about the given topic. Tried solving each problem, and after so I may not got the correct answer on both but still I acquire new skills and knowledge. Thank you prof A.
After watching this video, I realized that it’s really important to deeply analyze the problem in order to get the correct answer. This account receivable problem illustration helped me to fully understand how to calculate such problems. Thank you so much for this well explained problem solving, Sir A!
Honestly, I was surprised as how this turned out to be this easy for me. The first thing I always looked for was the question being asked in the problem so that it will be a lot easier for me to eliminate the irrelevant figures. I tried answering them and getting my own answer before I listen to Sir A's explanation and in-between discussions of each items presented. Fortunately, I was able to compute for Accounts Receivable in the first question with much consideration of the word "before", as it indicates that it is only asking for the AR. As for the second question, I was focused on getting the proper operations, being mindful of which belongs to AR, contra-AR and AFDA. Overall, I am satisfied upon discovering my improvements in these areas through these exercises. Thank you so much, Sir A!
In this lesson, I understood how crucial it is to know if something is in debit or credit so that we can make the appropriate calculations. Thank you, Sir A.
To be honest, these kinds of videos are the ones helping me a lot in understanding the topics better. I love how I could connect the concepts to the actual problems and it is very satisfying to know that through these videos, I am able to learn and retain knowledge more effectively. Thank you, Sir A.
The discussion was easy to follow because it was explained in detail, particularly the solutions for each problem. It was clear why certain amounts were added or deducted from the accounts receivable. Thank you po for providing these types of problems, as they helped reduce my confusion. Maraming salamat po Sir!
Having a solid foundation in fundamental accounting, especially the nature and normal balance of each account title, really is an advantage in terms of understanding complicated topics. Through this video lecture, I was able to better comprehend the normal balances accounts including the factors that can affect them. Thank you, Sir A.
In this sample illustration, I've realized the importance of knowing the nature of every account to be able to identify what to add and what to deduct. The example problems are really helpful and I've a lot from this video. Thank you Sir A!
Things to consider regarding the journal entries is that it is important to know the normal balance of each account and thoroughly understand each situation or transaction to fully comprehend the reason behind the debit and credit of account titles. One journal entry that was mentioned in the video was the entry for collections for customers excluding recovery which is recorded as debit cash and credit accounts receivable. While offsetting should amount to 0. Having these exercises and understanding each points to consider and purpose makes it more easy to answer each problem and have a smooth process of searching for the right amount needed for the answer. Thank you for this wonderful video, Sir A!
This video lecture presented several problem-solving examples related to accounts receivable. At first, I found the examples a bit confusing, but as Sir A started explaining the steps, I began to understand how to compute for accounts receivable before allowance and accounts receivable, net realizable value. Through the video, I learned that accounts receivable refers to the amount owed to a company by its customers for goods or services sold on credit. Sir A explained the concept of net realizable value, which is the amount of accounts receivable that a company expects to collect after adjusting for any expected losses due to bad debts. He also demonstrated how to calculate the balance of accounts receivable before allowance for doubtful accounts. While I still need to improve my ability to analyze the problems and illustrations presented in the lecture, Sir A's detailed explanations and step-by-step approach helped me to better understand the lesson. Thank you, Sir A!
The transition from the concepts to solving problems has made this easier for me to know which values to consider and which we should not. Since this topic was quietly familiar, I solved the problems and skipped to the part where you explained if ever I got a value wrong. Fortunately, I got both answers correct. Always thankful, Sir A!
This helped me understand how vital it is to know what data should be included in solving. Knowing whether the account should be added to or subtracted is also very crucial as it will cause error.
In this video lecture, the nature of every account was discussed, which is crucial to avoid confusion throughout computing problems. Learning this first is a step to manage delving into more complicated topics. Furthermore, it will provide such solid grounds for consistency and accuracy. This was such a helpful video lecture overall. Thank you, Sir A!
After watching the video and immersing myself completely with the given problems, together with carefully listening to Sir A's explanation, I've clearly learned how to solve the sample illustrations. Sir A's thorough discussion on how to compute the problems helped me a lot to understand how to get the right solutions regarding Accounts Receivable. I'm grateful that Sir A discussed it in a very clear way to us.
Yeyyy! Even though this lecture shows a lot of problem-solving related to accounts receivable. I became familiar with the transactions that affect Accounts Receivable. It wasn't easy at first, but with the help of Sir A, he explained it very well. I began to understand how to compute for accounts receivable before allowance and accounts receivable, the net realizable value, which is the number of accounts receivable that a company expects to collect after adjusting for any expected losses due to bad debts. It also demonstrates how to calculate the balance of accounts receivable before allowance for doubtful accounts, we add the beginning balance and credit sales, and we deduct collection from customers and accounts written off. Thank you so much for this, Sir A!
Its important to analyze the problem thoroughly, and it made me realize to think and try harder to find the correct answer to the problems despite getting it wrong several times. Thank you so much Sir A!
The video was an application of the previously discussed topics. I realized how critical problem analysis is. I need to compute the DAE, write-off, ending, and beginning balance in order to be able answer the questions. I still need to work on my problem-solving skills. Thank you, Sir A!
Through this video, I have assessed how much I know about receivables and I was able to learn how important it is to be mindful of the details of the problem. Thank you Sir A!
This interactive question-and-answer video introduces a faster way to compute for problems regarding accounts receivables. With proper analysis, you can identify in the first look the values to be added or subtracted to get the required amount in the problem. But if you are not confident enough in solving accounts receivables, it is advisable to use the T-accounts method, which is easy to follow and understand. Thank you, Sir A!
Knowing the nature of accounts is very important to know how to solve the problem because it will help you know whether it is included in the accounts that you will use in computations to get the right answer or need to answer. This illustration is very helpful, thank you sir A.
Through this video lecture, I have learned more about the distinction of net realizable value (NRV = A/R - Allowances) and the gross receivable which is before the allowance account. Thank you, Sir A!
Just like on the previous video illustrations, I tried my best to get the answer in each problem before continuing the entire computation of Sir A. Fortunately, I got the same and accurate figure that the problem is looking for. Also, I learned here that if the requirement of a problem is to get the “before allowance for doubtful accounts, we disregard the collection in the prior year and the estimated uncollectible accounts. However, if the problem requires the net realizable value, we include these two accounts in computing the answer. So, thank you, Sir A for these exercises.
This video is detailed. I was able to identify what is included in the Accounts receivable and what is deducted and added. Thank so much po Sir A! This is a great help to someone who struggled analyzing using the book po.
These illustrations have helped me to understand how crucial it is to have a solid understanding of account nature. Knowing whether to add or subtract is important because even one error might cause everything to go wrong. Nice and simple to comprehend examples were provided. The only things needed are analysis, concentration, and knowledge to be able to solve the problem. God bless you, sir A, and thank you po!
The knowledge that I acquired in basic accounting undeniably helped me to apply in these illustrations. By analyzing what to include and exclude depending in the problem is crucial as well as what to deduct and add. However, it was easier for me to directly put what to add/deduct rather than using a T-account as what I've used in the prior videos. All in all, this video efficiently taught me in solving the given samples. Thank you for this video, sir A!
In this video lecture, I learned when to add or deduct certain accounts as well as why and what accounts don't have an effect or should be excluded in computation to arrive at the solution. I also learned about the difference between the net realizable value of accounts receivable and accounts receivable before allowance for doubtful accounts. Thank you, Sir A!
In these kinds of difficulties, it is quite important to know which accounts are required as well as what to subtract from and add. I was able to test my knowledge about account receivables. Thank you, Sir A!
This video discussion about accounts receivable illustrations is fun and informative to watch and interact. I was able to learn the computations for accounts receivable before the allowance for doubtful accounts as well as how to identify the accounts included in the allowances for doubtful accounts. Thank you po, Sir A!
This video lecture presented several problem-solving examples related to accounts receivable. I initially found the examples somewhat confusing, but as Sir A clarified the steps, I started to comprehend how to compute for accounts receivable before allowance and accounts receivable, net realizable value. Although Sir A's thorough explanations and step-by-step approach made the course more manageable for me to follow, I still need to work on my ability to analyze the problems and illustrations used in the lecture. Sir A, I'm grateful.
In today's tutorial, I learned that before answering an exercise, you should first analyze and know what should be included or considered in the data in computing the missing item. Other than that, I also learned the importance of knowing how to journalize the accounts related to accounts receivable and also, the importance of knowing the normal balance of these accounts. Gladly, I was able to answer both exercises. Thank you for this fruitful tutorial, Sir A!
Several illustrative problems presented above were helpful for me to apply what I have learned on watching online video lectures. I both understand the problems and the process of getting the correct answer for both of them. I hope that I retain all of my learnings and get a passing score for the upcoming midterms examination. Thank you po, Sir A!
It is essential to thoroughly analyze what is being stated in the problem in order to get the correct answer. In the end I was able to understand how to compute each problem and take notes why it is included and not included in the computation. Thank you Sir A!
It is important to consider the primary questions posed in this video after watching it. In this example, the balance of accounts receivable before provision for doubtful accounts and net realizable value is what it is looking for. I tried to solve it on my own and initially got them wrong, then tried again and ultimately got them to process and understand. Thank you, Sir A!
Although I found a couple parts of the illustration to be extremely difficult, this presentation was made simple. Fortunately, it was carefully discussed as we go through each element of the problem. I learned the typical balances of each transaction frequently encountered when dealing with accounts receivable from this video lesson. I also learned which transactions the calculation should exclude. Another lesson to be learned is to pay attention to the question since sometimes the answer is not obvious, as in the case of the second problem, which asks for the net realizable value of accounts receivable. Thank you Sir A!
I came to the realization that I should carefully consider all topics after watching this video, especially those pertaining to accounting. It is quite helpful to keep track of the numerous computations used to figure out the total accounts receivable only and the net realizable value of accounts receivable. I think I need more practice, though, to really deepen my comprehension of this subject. Thank you Sir A.
I was able to examine my knowledge and determine whether or not I could ultimately solve challenges. However, in certain cases, I became confused. But after viewing and hearing your explanation on how to fix it, I now have a better understanding. I'd forgotten how fundamental the t-account is, from basic accounting to this discussion regarding dubious accounts. I'm grateful since, even if I'm not at home, I was able to recollect by just watching this video lesson whenever and whenever I wanted. Thank you, Sir A!
Throughout the discussion, I realized how important it is to know the nature of every account as it will help you not to be confused while solving each problem. It will tell you whether to deduct or add each account. Overall, this video lecture is a great help for me as it allows me to apply my learnings from previous discussions. Thank you, Sir!
I just watched this video about Accounts Receivable Illustrations, which focused on how to compute AR before Allowance & AR, NRV. Overall, I found the video to be informative and engaging, and it provided a terrific opportunity for me to apply what I had learned in the previous lesson on dealing with Accounts Receivable problems. The first problem was an eye-opener for me to differentiate which accounts to include and not to include to identify either AR or NRV, but I was able to solve the problems with ease. However, I still believe that I need more practice to further improve my understanding of this topic. Thank you, Sir A! for providing an enjoyable exercise that allowed me to practice and enhance my knowledge on this topic.
This video made me realize the importance of knowing the nature of the account in order to find out whether it will be added or deducted. Also, a thorough analysis of the given problem is important in order to avoid mistakes. I tried answering the given problems before proceeding to the video, and I made some mistakes, but after watching the discussion, I learned about what I did wrong and I understand the topic better. Answering sample problems is really helpful for me to appreciate and learn more about the topic, like accounts receivable, which I find complicated. Thank you for this video, Sir A!
In this video lecture it has taught me to be very careful and to read the question carefully because there will be accounts to be added, subtracted, and shall be ignored. The steps and solutions were explained clearly. Thank you sir A
Due to the previous videos, it has been easy for me to answer the two illustrations here. I learn to be careful as always when analyzing whether the accounts are a deduction or an addition to the Accounts Receivable. I am also not overwhelmed with information since every possible transaction is discussed simply and is not packed in one long video. Thank you, sir A!
This illustration used a different way of solving compared to the previous videos. It is important to familiarize various accounts and their nature. Since there are instances that some accounts should not be in the solution based on what the problem is asking for. Thank you, Sir, for providing various illustrations and explaining the topic further.
In this video lecture I have learned that it is important to master the nature of accounts to know whether that particular amount and account should be included or not. Thank you Sir A!
I realized that in solving problems, we need to understand the nature of each accounts for us to decide whether we add or subtract them. These 2 problems were explained clearly, thank you for this helpful video Sir A!
This video aided me in discerning the normal balances for each account. We must also know whether to add or subtract certain items in determining the balances of accounts receivables or the net realizable value. Thank you, Sir A.
I gained a better grasp of how to examine accounts receivable transactions. However, I am still perplexed about various transactions, highlighting the significance of obtaining additional practice and knowledge of the subject. Furthermore, understanding that debits and credits are important in accurately documenting transactions is a key step toward learning the topic, which I must practice. Thank you po, Sir A!
This video discussion is a connected sample illustration from the video prior and it gave a whole new idea on how we would encounter accounts receivable, allowance for doubtful accounts, and net realizable value on problems. Hopefully, similar questions would appear in the exams. Regardless, I learn a lot on this video especially on how account titles would appear as phrases on these kind of problems like how "estimated future sales return" could be part of allowance for uncollectible accounts. Overall, it's important to understand the full context of the problem to know the course of action we should do to find the answers. Thank you Sir A for a smooth explanation of these illustrations!
In this video, my key takeaway is that it is important to know the nature of the account to know if it is needed to be added or deducted or not really needed in the computation. I tried answering the two illustration and I got the right answer in the first illustration but in the second one, I didn’t get it. I got confused and wasn’t sure where I got it wrong but as I watched the video, I was able to understand the correct solution and find out where my mistake is. Thank you, Prof A!
This sample problems greatly emphasized on deep analyzation, being keen on details, and knowledge on the nature of accounts. Once there are information left unnoticed, the answer we might get will be significantly different. Thank you, Sir A for also explaining the problems and the details of the solutions.
I was able to tell the normal balances for each account thanks to this video instruction. We need to know whether to add up or subtract certain elements when calculating the balances of accounts receivables or the net realizable value. By visualizing the entries, we may decide whether to subtract from, add to, or disregard the balance in order to arrive at the right solution. Thank you, Sir A!
It's important that we know the recognition of each account so that we can follow and compute the problems easier, as well as the one we're looking for. Thank you Sir for this short yet clear illustrations.
These practice problems have shown me how important it is to pay close attention to details and understand the nature of different accounts. If we miss any information, the answer we get can be very different. Explanations of the problems and the solutions in a way that was easy to understand really helped me learn and improve my understanding of the topic. Thank you po
The sample problems provided were quite useful in applying the concepts I learned from the previous video lectures. I realized that it is important to have a comprehensive understanding of each account's details to effectively solve each problem. Thank you, Sir A.
Upon watching the video lecture, I learned how to calculate AR before Allowance & AR, NRV. The first illustration helped me distinguish which accounts were relevant for identifying either AR or NRV, and although it was challenging to analyze, I was able to solve it with ease. However, I believe I need more practice to further improve my understanding of this topic. Thank you, Sir A!
it is challenging yet fun to answer both of the problems. I got the correct answer for the problem looking for AR and NRV. It is vital for us to know the normal balances and the nature of each accounts in order to properly compute what is being asked. Thank you sir A for providing explanation for the reason behind why an account is excluded or included, it's a big help in analyzing the accounts given in the problem and will surely help us analyze future problems involving this topic.
After watching the video, it is essential to carefully analyze the question because there will be accounts that will be included and others that will be ignored. The illustrations help me gain more knowledge about the lesson. Thank you, sir A
I already watched this video lecture before and the given illustration or example cases helps me to understand more about the topic in Accounts Receivable and how to compute AR before allowance and the NRV and I was able to answer some cases on my own.
While watching this lecture, I attempted to solve the problems using an Excel worksheet. Although I included some wrong amounts, I realized and understood why I should exclude them since it will depend on what is being asked. Thus, properly analyzing the question will make it less confusing and allow us to calculate smoothly. Thank you for the clear and precise illustration, Sir A!
At the end of this video lesson, I came to the conclusion that in order to solve problems like the two examples, we need to understand the nature of each account in order to decide whether to add or subtract them from the solution and, as a result, get an accurate result. I must say that I got the right results for both of the two illustrations when I computed them using T-account. I am now eager to answer further problems because of Sir A's comprehensive explanation. Thank you for this video, Sir A.
This video lecture helped me distinguish the normal balances for each accounts. In determining the balances of accounts receivables or the net realizable value, it is essential that we know whether to add up or deduct certain items. I tried computing the problems first on my own, and gladly, I was able to get them right. I hope I will continue getting correct answers. Thank you, Sir A!
After seeing this video, which provides me with insight into solving these kinds of difficulties, I came to the realization that knowing the nature and normal balance of each account title is very important if we want to comprehend how it affects the total balance of accounts receivable.
The different example problems helped me pictured out all the objectives of each previous discussion and did pave the way for me to finally be able to illustrate how it is to handle such problems. Thanks Sir A!
This video lectures helped me a lot to better understand the concepts of receivables and in solving problems. I realized that knowing the nature of every account is vital and enhancing our analysis in every problem solving is the first step for us to have the right answer. Thank you sir A!
In this video, I was able to evaluate how well I do at solving various challenges involving receivables. I was happy to discover the right solutions to both challenges once more. I took away from this that in order to achieve the right result, we should carefully evaluate the issue and determine the accounts that should be added or subtracted. I know that these are only easier problems to answer, so I should better prepare myself for complex ones, thus I still don't feel confident. Thank You Sir A!
Watching this video was useful in helping me apply the concepts that I have previously learned regarding accounts receivable and its net realizable value. And because of this, it was quite easy for me to answer the problems. There were still some transactions that confused me so I have noted that it's really important to familiarize myself whether it's supposed to be credited or debited. In addition, I have also learned that when a transaction results in offsetting an amount, it is equivalent to having no effect. All in all, these practice questions helped me improve my analyzing skills in terms of receivables. Thank you po!
Similar to the other sample illustrations, it's challenging to figure out at first but becomes understandable as you explain it. Thank you, Sir A!
Watching this video gives me an insight into computing these kinds of problems. Again, it taught me that it is needed to be very careful in reading the transactions carefully. Sir A’s explanation on the solutions was explained comprehensibly. Thanks, Prof. A! ♡