The most recent Discussion Forum Topics from AccountancyStudents

help me plz.. its abt a double entry for part exchange..

2012-01-16T15:55:29+00:00

which account need to be credited and debited for parts exchange??
in the chapter depreciation and resolution..

Bookkeping for Dry Cleaning!!!

2011-03-15T21:38:01+00:00

Hello All,
Can any one here tell me how do I approach book-keeping for a Dry Cleaning business?

Look forward to hearing from you.

Thanks & Rgds,
AHSAAT

Sage course trainning advice

2011-07-02T19:03:09+00:00

Hello!
I am at the professional level in ACCA and I have been thinking of doing a SAGE course training to add value to my CV as I haven’t got any practical experience and I have been working working in a non related accounting job (coffeeshop) for seven years now.
Does anyone know of a good tuition provider that it would be worth paying a few hundred pounds for the training.
Thanks a lot!

Effect on called up share capital?

2011-04-20T16:30:07+00:00

Hello,

Could someone help me understand the effect on the capital invested in the following scenario;

A ltd company is set up with 100 shares @£1 each
The owner puts a van into the company valued at £600

According to me, the called up share capital is now £700. (£100 start up shares plus £600 van).

I understand capital is the owners investment/equity but I cannot understand the effect that the value of this van has on the shares.

Has the shares increased from 100 shares to 700 shares @ £1?
Or has the value of the 100 shares increased to £7 per share?

Or is there another explanation?

Explanation greatly appreciated.

Thank you

Which course should i pursue?

2011-04-02T11:35:53+00:00

Hi,

I’m currently studying a 14 week IAB level one book keeping course at college.

I only have a few weeks left and so I am trying to decide what to continue with. I’m 25 and haven’t been to university, i want to get as qualified as possible in accounting, initially get some experince working for a good employer and then possibly take on some of my own accounting work for small busineses in the future.

I’m trying to decide whether to continue with a level two IAB book keeping course before moving over to a Level 3 AAT accounting course, which i think is going to cost in the region of £1200. Alternativly I have looked at some home learning courses, and could go straight in to AAT, i get to start the course and study when I want but it cost around £1500.

Which is best? or am i going all about this wrong? would I be better of with a different course? in fact would i be better just sticking with book keeping?

thanks

Financial Ratios,Need help!

2011-03-17T16:13:03+00:00

Hi,
How do I show return cost,value,value-time and cost-time relationships in ratio form.I am not an accountant i am a surveyor,i need this info for a report on persimon homes 2010 results which I have attached

Any advice greatly appreciated

IAB & ICB

2007-06-12T11:26:24+00:00

just wondering…...

ICB or IAB qualifications, which one is seen as providing the ‘better’ qualifications, the more recognised?

Alot of places seem to offer IAB courses but not many appear to offer the ICB courses.

Would be great to hear from anyone who has actually studied on an IAB or ICB course.

Thanks

paying cheques

2010-10-17T08:04:57+00:00

hi everyone,
i’m 5 weeks into the city and guilds book-keeping and accounts level 1 course and have been given some homework which needs to be handed in for assesment, ok i’ve got the debit and credit thing sorted in my head, basically ive been given a firms first month of accounts so ive set up t-accounts for everything and also completed my purchase and sales day books, im ok with entering info into the general ledger right up to balancing accounts but the next question on my sheet is carried on into the next month where i pay and recieve a certain amount of cheques, i’m ok with credit/debiting my bank account but how would i enter the payments into the personal accounts after i’ve balanced them for the previous month? i can’t find any examplea of day/sales or general ledgers on the web.(its more the layout of the personal accounts im concerned with) thanx for any help.

Self employment, totally confused :o(

2010-09-15T09:08:10+00:00

I have been looking into doing an AAT qualification with a goal of becoming self employed in bookkeeping although I would also like to be able to do self employed tax assessments. I have had 7 years experience in an accounts office covering purchase/sales ledgers, buying, cashbook and payroll, however the last time I worked in accounts was 1995 so have been out of it for a long time. I really dont want to go back to working in an office and I understand from reading the forums that to become self employed doing the AAT’s you need to work in an office for a period of time??

Heres my questions:

1. Would I be better doing a bookkeeping course and if so are there any courses where I could do self employed tax with an aim to becoming self employed in that also without doing work experience?

2. If I decided to go ahead with the AAT’s i would like to do level 2 and 3 on home study within a year and do the final tech course at college. Is it realistic to do level 2 and 3 at home in a year?

Any advice would be much appreciated
Lecia

Negative Write Off?

2010-09-06T10:40:09+00:00

Hi,

I have a balance that has been overpaid a couple of years ago sitting on my accounts receivable and that balance will never be refunded. How do I clear it off the ledger? I know I have to debit A/R can I just credit Profit and Loss on the statement of equity or do I show it as a form of income?

Thanks