CORRECTION OF ERRORS AND SUSPENSE ACCOUNTS (PART 2) (THE EFFECT OF ERRORS ON PROFIT)

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  • čas přidán 7. 09. 2024
  • This video explains how to prepare the Statement of Adjusted Net Profit.

Komentáře • 77

  • @FOGAccountancyTutorials
    @FOGAccountancyTutorials  Před 2 lety +20

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  • @obedalfred3430
    @obedalfred3430 Před 2 lety +33

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  • @williammatthewwalugembe6953

    This guy needs a thousand likes
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    All the way from Uganda 🇺🇬

  • @MiracleFrank-n2s
    @MiracleFrank-n2s Před měsícem +1

    I have enjoyed most of your lecture on CZcams your the best sir may God continue to bless your hard work🙏

  • @isaacmuhangisa671
    @isaacmuhangisa671 Před 2 lety +5

    Gratitude from Uganda. You are good at what you do Mr. Fog.

  • @tory7906
    @tory7906 Před 2 lety +10

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  • @StellaEkere-vw7ej
    @StellaEkere-vw7ej Před rokem +5

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  • @IbrahimIdrissaSesay-pv1dv
    @IbrahimIdrissaSesay-pv1dv Před 11 měsíci

    Mr FOG you're the best Accounting teacher I had ever met. You've made errors and Suspense to be one of my simplest and favorite topic in Financial Accounting. Thanks very much.
    May God continue to increase your knowledge

  • @yvonnev.t1828
    @yvonnev.t1828 Před 11 měsíci +2

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  • @BlessingOlaegbe
    @BlessingOlaegbe Před 11 měsíci +2

    Sir your teaching methods are easy to understand
    Thanks so much sir
    Watching from Nigeria

  • @godwinnjehia9335
    @godwinnjehia9335 Před 2 lety +6

    You are a gifted teacher.. Thanks

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    @melvinkathure5614 Před 2 lety +1

    I have really enjoyed your lectures.l am ready understanding and improving.

  • @keithchapara9994
    @keithchapara9994 Před 3 lety +2

    Thank you sir.. I have a good appreciation now of the topic.

  • @SARAHMUMBA-ed7dp
    @SARAHMUMBA-ed7dp Před 9 měsíci

    Keep up the good work sir, your videos are making my academic journey easy, may God bless you.

  • @velmamargaret3876
    @velmamargaret3876 Před rokem +1

    So much gratitude from Kenya.... your a genius

  • @MaryChihana-bv8rh
    @MaryChihana-bv8rh Před rokem

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    @asampanarichard6219 Před 2 lety +1

    I enjoyed your class
    This is my first time

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    @user-ti1wz2fz7m Před 7 měsíci

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    @gloryhairtips8421 Před 2 lety +2

    God bless you sir. You are really imparting lifes

  • @mikelaure7552
    @mikelaure7552 Před 4 lety +4

    Very well understood sire, thank you.

  • @wilkskolsw9666
    @wilkskolsw9666 Před 2 lety

    I really appreciate your teachings
    Am from Uganda

  • @jacksonbaranda8165
    @jacksonbaranda8165 Před rokem +1

    Nashukuru sir,I mean thank I'm from Tanzania

  • @nesiyanambeni-zy3mr
    @nesiyanambeni-zy3mr Před rokem

    I'm from Zambia enjoying the video sir

  • @krishsharma3303
    @krishsharma3303 Před 3 lety +2

    Really helpful!!!!

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    @chengetaimahamba5094 Před 2 lety +2

    I have been enjoying your lectures.... I'm proud to say I'm improving and understanding

  • @davidtino3044
    @davidtino3044 Před 3 lety +2

    Well explained thank you sir

  • @Kombat-rc8cx
    @Kombat-rc8cx Před rokem

    Your words are very clear thanks sir 👏👏👏

  • @coolboy_360tech
    @coolboy_360tech Před 8 měsíci

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    @BatildaEmanuel Před 4 měsíci

    God bless you❤

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    @DesireAmpeire-od9xs Před 9 měsíci

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    @miriammoore5676 Před rokem

    You made accounting easy ❤

  • @mosesnjobo1651
    @mosesnjobo1651 Před rokem

    Thank you sir, well explained

  • @aliciarims8971
    @aliciarims8971 Před 2 lety

    Much love from Uganda

  • @Monnie_flex
    @Monnie_flex Před rokem

    God richly bless you 🎉

  • @egiruemmanuel9062
    @egiruemmanuel9062 Před 3 lety +3

    Sir the major problem I have is overcast n undercast issues

  • @SaviourPeter-px6ol
    @SaviourPeter-px6ol Před 3 měsíci

    I like your tutorial. please, help me with branch account.

  • @abdulnuuru4690
    @abdulnuuru4690 Před 2 lety

    Financial Accounting made simple 💕

  • @mutumbaibrahim3377
    @mutumbaibrahim3377 Před rokem

    Perfect Teacher

  • @VidaAhadzi-sp3mb
    @VidaAhadzi-sp3mb Před měsícem

  • @robertsampong2054
    @robertsampong2054 Před rokem

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    @sherbano430 Před 3 lety +2

    Purchases✅

  • @MahamaAbubakari-cx1mb
    @MahamaAbubakari-cx1mb Před 2 měsíci

    Pls sir are we using expenses,income and inventory items only in the adjusted net profit?

  • @lorrainemagumbe6623
    @lorrainemagumbe6623 Před 2 lety

    Thanks... explain to me how to correct a statement of financial position

  • @baziruwihajob3936
    @baziruwihajob3936 Před 5 měsíci

    good teacher

  • @masterkayijuka9489
    @masterkayijuka9489 Před 2 lety +1

    Hello sir i am very interested to follow your teaching about accounting ,then i wouldlike to request you to give us the introduction of cashflow statement.thanks

  • @Ennychanter
    @Ennychanter Před 3 lety

    Weldone sir

  • @tenagyeijohn7023
    @tenagyeijohn7023 Před 3 lety

    God bless u sir

  • @nanadmedici6505
    @nanadmedici6505 Před rokem

    Thanks Sir

  • @kelvinadzoe7426
    @kelvinadzoe7426 Před rokem

    👍👍👍👍👍

  • @musasesay4106
    @musasesay4106 Před 4 lety +1

    How errors affects the balance sheet are adjusted

  • @vickykaramba3632
    @vickykaramba3632 Před 9 měsíci

    What if the balance bought down is not given how do I get it or what do I do

  • @stellatucker3277
    @stellatucker3277 Před 2 lety

    Thank you Sir

  • @soriesesay2095
    @soriesesay2095 Před 4 lety +3

    When shall we expect new uploads from you sir?

  • @adenikebello9158
    @adenikebello9158 Před 2 lety +1

    I am struggling to understand the adjusted net profit. ..pls help

  • @jasonabeam1850
    @jasonabeam1850 Před rokem

    You look peng in this shirt👌

  • @brenfatty5637
    @brenfatty5637 Před 2 lety

    sir how about questions on accumulated fund

  • @Paul-u7e
    @Paul-u7e Před rokem

    What about over depreciation and under depreciation

  • @adenikebello9158
    @adenikebello9158 Před 2 lety

    6:20 Statement of Adjusted Net profit

  • @linahapolinary5658
    @linahapolinary5658 Před 3 lety +2

    Hello sir, i have a problem on when to know when suspense account is opened?

    • @FOGAccountancyTutorials
      @FOGAccountancyTutorials  Před 3 lety

      You need to understand the errors first and differentiate them from those that affect the agreement of the trial balance and those that will not affect...
      Next, resolve that only errors that affect the agreement of the trial balance will go through the suspense account.

  • @fataihamzah7248
    @fataihamzah7248 Před 7 měsíci

    I hail

  • @olisachukwurah9901
    @olisachukwurah9901 Před 2 lety

    I'm still a bit confused about this topic... I don't understand how to identify the effects.

    • @FOGAccountancyTutorials
      @FOGAccountancyTutorials  Před 2 lety

      Kindly repeat the video and follow the example... I’m that that should help.
      What I did is to try and classify all the effects into overstatement or understatement of profits.

  • @musasesay4106
    @musasesay4106 Před 4 lety +3

    But the closing stock also appears in the balance Sheet

    • @FOGAccountancyTutorials
      @FOGAccountancyTutorials  Před 4 lety

      closing stock appears in the income statement as well before the balance sheet. We are adjusting it because it has an effect on profit

  • @Beautyyyyyyy645
    @Beautyyyyyyy645 Před 2 lety

    Please I texted you but u have not replied till now

  • @Merry-ci2vm
    @Merry-ci2vm Před 2 lety

    Hellow sir why is your number no appear in my whatsapp

  • @masterkayijuka9489
    @masterkayijuka9489 Před 2 lety

    Hello sir i am very interested to follow your teaching about accounting ,then i wouldlike to request you to give us the introduction of cashflow statement.thanks