Income Statement & Statement of Financial Position for a sole trader

This video is a walkthrough of the preparation of an Income Statement & Statement of Financial Position of a sole trader from a Trial Balance with some adjustments for prepayments, accruals, depreciation and movement in a bad debt provision.

Пікірлер: 47

  • @GiftSiwo
    @GiftSiwoАй бұрын

    Thanks for the information,I really appreciate you saved me from my exam today.

  • @lascosimapuka932
    @lascosimapuka9322 жыл бұрын

    Thank you so much, Luke! This has been the best tutorial so far for me on KZread! I couldn’t understand anything during my lectures, now it has become so easy for me.

  • @xomich.
    @xomich.3 ай бұрын

    you are a life saver! so much needed background info that I was missing but you included it all in one vid! thank you, God bless!!!

  • @shakeelramjan8191
    @shakeelramjan81912 жыл бұрын

    one of the best tutorial mate.. keep going. already a big fan!! Thank you for this amazing tutorial

  • @Martinhalcm
    @Martinhalcm3 жыл бұрын

    Thank you, Luke! Your video saved my life for an accounting assignment. I was totally lost and puzzled and a classmate shared your video with me. I could learn more with you in less than an hour than in a 3 hours lecture. THANK YOU! Great video.

  • @ogochukwuonuora4395
    @ogochukwuonuora43952 жыл бұрын

    Best tutorial so far on KZread

  • @kgabomotshaba211
    @kgabomotshaba2113 жыл бұрын

    This video has been very helpful to me. Thanks a lot.

  • @hurldermwanaidi6520
    @hurldermwanaidi65207 ай бұрын

    awesome,thanks .I'm sitting for Financial management paper tomorrow and Luke you marvelous.

  • @incredibleizu4
    @incredibleizu42 жыл бұрын

    Thanks a lot , really helpful content!!

  • @pnkotima
    @pnkotima2 жыл бұрын

    Which side do provision land on in the balance sheet...debit or credit?

  • @florencem7438
    @florencem74383 жыл бұрын

    Thank you for sharing your videos. Keep up the good work!

  • @Dashrosenstock
    @Dashrosenstock2 жыл бұрын

    Why is sales in debit in the analysed cash book, but in credit for the trial balance?

  • @mohamedAhmed-ss9wx
    @mohamedAhmed-ss9wx3 жыл бұрын

    Best accounting lec I appreciate

  • @ibrahimjamac9786
    @ibrahimjamac97862 жыл бұрын

    Thanks For the amazing Tutorial

  • @SALIMAMUTAYA
    @SALIMAMUTAYA2 ай бұрын

    Nice explanation sir❤

  • @akrypto9
    @akrypto93 жыл бұрын

    Hi there, are you able to go through a question equally as challenging if I send it to you?

  • @dreamg8198
    @dreamg81982 жыл бұрын

    Supreme this is the best

  • @kinbenna_neko
    @kinbenna_neko2 жыл бұрын

    This is really helpful

  • @kjaan1947
    @kjaan19477 ай бұрын

    really understandable, appreciated

  • @vloghabib
    @vloghabib Жыл бұрын

    Can you share a pdf of this class or the sheet you are doing with.... thanks alot for this discussion.

  • @chimammeje2388
    @chimammeje23882 жыл бұрын

    Something isn't adding up for me When I add up the expenses its 35000+15250+500+3200+1200+405+4300+3000=62855 But Luke has an expense total of 62045 Luke, can you help me understand the difference in the total?

  • @nazneenzehra6718
    @nazneenzehra67187 ай бұрын

    A very informative video

  • @ianochieng1651
    @ianochieng1651 Жыл бұрын

    Very simple explanation

  • @berniceowusu7252
    @berniceowusu72522 жыл бұрын

    Very explanatory, Than you

  • @user-yr2yn6ld6o
    @user-yr2yn6ld6o6 ай бұрын

    Thank you I need more questions

  • @Hexis_Kalet19
    @Hexis_Kalet192 жыл бұрын

    How can I have access to the pdf u were using, in this tutorial video

  • @ednahwahome7020
    @ednahwahome70203 жыл бұрын

    Thanks 👍

  • @jamesokiya5212
    @jamesokiya52122 ай бұрын

    This is great

  • @khalifroble8602
    @khalifroble8602 Жыл бұрын

    thanks for the value in advance

  • @naychiphyu8184
    @naychiphyu81843 ай бұрын

    It is very useful for me thanks a lot

  • @sabbrina78
    @sabbrina78 Жыл бұрын

    Thank you very much

  • @mulengachali3651
    @mulengachali36512 жыл бұрын

    How do you enter tax paid on last year's profit

  • @blaqduke7499
    @blaqduke7499 Жыл бұрын

    Was asking if you can share the question

  • @OdwaMqeke
    @OdwaMqeke3 жыл бұрын

    Hi Luke, English is messing with me. Please help here. "Included in Purchases is a figure of 1000..." Why are deducting a 1000 on Purchases instead of adding it?

  • @Olebogeng31

    @Olebogeng31

    3 жыл бұрын

    @Odwa Mqeke, ok since no one answered may i help, the information means that there is 1000 that should have gone to the shop fittings not the purchases so to correct that we have to remove that 1000 from the purchases and add to where it should have gone in the first place: the shop fittings

  • @lukefannon8902
    @lukefannon89022 жыл бұрын

    Thanks for the comments everyone.

  • @rivanramsamy8901
    @rivanramsamy89012 ай бұрын

    yesssssss

  • @janeongangi8029
    @janeongangi80298 ай бұрын

    I want to be a member kindly guide me

  • @user-uq5ve8hd2e
    @user-uq5ve8hd2e6 ай бұрын

    👍🙏thank you "I am embarrassed to say I couldn't hear a gud damm thing from my teacher "👍

  • @ludiogot143
    @ludiogot1432 жыл бұрын

    Thank you , but l wish you could you use a clearer video

  • @user-rm9rq5fe5p
    @user-rm9rq5fe5p Жыл бұрын

    Very certi🙈🔞

  • @ahmedjahenzaib148
    @ahmedjahenzaib148 Жыл бұрын

    can u please provide the notes that u are using in this video

  • @Safa-on3vc
    @Safa-on3vc3 ай бұрын

    I don't even understand anything😂😂😂😂 it's because the way you speak

  • @asasiraagnes5702
    @asasiraagnes57023 ай бұрын

    Improve on ur teaching skills😢

  • @BenedineSosori

    @BenedineSosori

    2 ай бұрын

    Improve your manners

  • @sabarezaie6062
    @sabarezaie6062 Жыл бұрын

    you terribly explained. so unclear.