Hi Will. I received my results today and I must say I revised more with you than with my training provider and I would like to thank you so much. The way you explain is clear. I passed of course 😁 Take care.
Hi Will, in the last question (task 4 f), you explain that a sales return will decrease assets as our trade receivables have decreased, but on the other hand, our stock (inventory) would increase, which is an asset. I am so confused.
So it’s referring to the entires for the sales return, this would be to debit sales returns, debit vat and credit trade receivables. So the entries for the return itself would not increase the inventory. The inventory would be picked up when doing the valuation in a separate journal
Hi Will. I received my results today and I must say I revised more with you than with my training provider and I would like to thank you so much. The way you explain is clear. I passed of course 😁 Take care.
Congratulations on passing your exam! Glad to hear the videos have helped too!
Congratulations on passing your exam! Glad to hear the videos have helped too!
@@jrjr516 how did it go bro, i got mine tomorrow
Thank you for the explanation on each task.❤
Thank you very much! Excellent! Very Clear! Looking forward to part 2!!
Thanks you .The way you explain was great .
Thank you for lovely explanation
Hi Will, in the last question (task 4 f), you explain that a sales return will decrease assets as our trade receivables have decreased, but on the other hand, our stock (inventory) would increase, which is an asset. I am so confused.
So it’s referring to the entires for the sales return, this would be to debit sales returns, debit vat and credit trade receivables. So the entries for the return itself would not increase the inventory. The inventory would be picked up when doing the valuation in a separate journal
My exam is on Thursday!😱
Best of luck with your exam!
@@WillboardmanThank you. I may need it.