Tutorial Videos - Sole-trader adjustments
Please find below videos explaining the main adjustments for the sole trader questions. These adjustments include the following
(i) Closing Stock
(ii) Depreciation of a van
(iii) Suspense Figure (Including Mortgage Interest due)
(iv) Patents (Including Investment Income due)
(vi) Creditors Payment
(vii) Revaluation Reserve and Dep of Buildings
(viii) Bad Debts Recovered
(ix) Goods in Transit
(x) Drawings
The question used to the above adjustments is M. Mullen (2017)
(i) Closing Stock
(ii) Depreciation of a van
(iii) Suspense Figure (Including Mortgage Interest due)
(iv) Patents (Including Investment Income due)
(vi) Creditors Payment
(vii) Revaluation Reserve and Dep of Buildings
(viii) Bad Debts Recovered
(ix) Goods in Transit
(x) Drawings
The question used to the above adjustments is M. Mullen (2017)
(i) - Closing Stock
|
(ii) - Depreciation of Vans
|
(iii) - Suspense Figure (Includes Mortgage interest Due)
|
(iv) Patents (Includes Investment Income Due)
|
(vi) - Creditor Payment
|
(vii) - Revaluation Reserve and Dep of Buildings
|
|
(viii) - Bad Debt Recovered
|
(ix) - Goods in Transit
|
|
|
(x) - Drawings
|