2026 05 05 PoA F 5 Exam season Session 9 Jan 2026 Set 1

heard that they have another child to take care of. So if they don't go to school then they can't get an education. said that they need an education to live and survive and sorry about this is this is for April, right? Trouble. All right. So folks, we Hey. All right. So, we're going to start the Jan 2026 question now. 1 2 3 four people. So, with the Jan 2026 question, we have an answer booklet because it was one of the hybrid exams. Paige, when is the PO? On Thursday. So tomorrow we have like all day session for like 9 to 9, right? So that's the thing and then the answer booklet, right? All right. Hold on. Where's my rule? Okay, cool. Right. So in here, Jacob here. Hey, pause. All right. right. So, Michael here, Shazari here, here. Sum is here. Shiloh said she would be late. thanks for watching. She's like, "Move." I'm like, "Girl, move where?" So, we said that admires us until after Max. my god. never know. Get out. you be serious. This is John. did some but think did on my iPad. want to answer because question one is an answer book like for just for Yeah. Yeah. So, back in the day, we used to get an answer. Not with for just with lines. But you guys get Yeah. So, let's sprint here. All right. Okay. All right, folks, ladies and gents. How we are doing? Where are we? out right coming hopefully. Okay. Right. Okay. Cool. So, let's take look at the question paper. So, they start here. Susie Smart owns who owns retail shop called Smart Kitchen Appliances presented you with the following incomplete petty cashbook of the month of March 2025. Right. So, Smart Kitchen Appliances petty cashbook for the period ending March 31st, 2025. Right. Amount received. So, we start off with the Hold on. Maybe should get my highlighter so around my hand. Right. So, amount received. So, this is the balance on hand. So, that's the balance at start. No voucher number necessary. Right. Next we have chemical chemical company limited disinfectant and bleach right so that's under the what was that the cleaning thing okay cool then we have computers incorporated printer and so that's under supplies it looks like right and then we have two rooms of copy paper that's under stationary okay cool so so far it seems to be relatively simple to in the space provided on your answer booklet create an approp appropriate source document other than cash invoice to provide the documentary evidence for the transaction that occurred on March 8th as recorded in the petty cash book. What was that? Where's Aaron? All right. Hey, Aaron. How you doing? All right. So yeah, to provide documentary evidence for the transaction which occurred on okay as recorded be sure to identify the name of the source document clearly and to include all pertinent information three marks. So your answer booklet for this part just has blank space. Right? So the thing about it is they want source document an appropriate source document to provide evidence for the transaction on the ETH. So the eighth is this transaction here right this one right right now apart from so when you when you use petty cash to pay for something right you are basically paying with cash and you get your cash receipt don't know about this cash invoice thing but think have my brain wants to create an image of something called cash invoice suppose there there possibly is one right know know cash receipt know invoices supposed to be used for credit transactions. But again, it's not out of the realm of possibility. Let's see. Let's see. Hold on. Just now wonder boy. Wait, just now have next one. Right. Okay. Give me one sec. I'm curious about something here. If we were to open the syllabus and do cash invoice as search, finish the document, the requested item was not found. So on the Yeah. So in the CC syllabus, the current in in enforce one effective for exams from May June 2019, there's no mention of something called cash invoice. Okay, cool. You know what? Let's go to the Jan 2026 is the most recent paper. Let me see what Ch. Hold on. Let me just add I'm taking more time because we have whole we have we have some time right we we had rush somebody else our answer booklet pause no this was for hybrid exams you regular schools not supposed to have hybrid exams because don't think they can accommodate everybody at the same time and they caring them in trenches mean that's my belief so no as far as I'm concerned you're supposed to have regular exams all Right. If things suspended and why is it open? Why? Why keep you looking? Okay. Anyhow, right. chat chat here. Here we're going. We're doing the January 2026 paper two. The first question is asking us to create source document other than cash invoice. When we looked in the current enforce syllabus, there was no mention of cash invoice at all. So here's my question. Is there such thing as cash invoice? And if so, would it be relevant to the CC POA exam? Given that on the May 2025 paper 2, the first question asked for statement of account, which is also not explicitly mentioned on the syllabus, but in the textbook. What What are your thoughts? Can can learn the whole account syllabus in one night chat? You can. It depends on you and your definition of what learn means. Yeah, maybe you going Hogwarts and you have kind of you have Na cracking up there reading documents. All right, let me see what chat say. Yes, cash invoice is real thing but CX building is messy. It's basically an invoice issue when goods are and are sold and payment is made immediately. In practice, it overlaps heavily with receipt. Right? Some businesses using cash invoice to mean this was not credit sale payment was made at once. Okay? So it is not imaginary accounting, right? Okay, cool. The syllabus is not explicit as cash invoice, right? Sales invoice, purchases, credit, no petty cash vouchers. This is the one by the way that we supposed to do. Petticash voucher, right? Receipts from transa from cash transactions, non-cash transactions, but it fits inside the syllabus indirectly. Okay, the phrase other than cash invoice is key. So do not prepare another invoice. Use another appropriate source document. So petty cash vouchure is what we what we hearing, right? cool. Okay, cool. So long story short here. So we are doing petty cash voucher, right? So here question. Have you ever seen petty cash voucher? Okay, cool. So what we going to do? Yeah. Yeah, that it is there. It is there. Right. Right. So petty cash voucher. All right. So you have some simple ones. It looks like general kind kind of. where did it go? Right. So mean it doesn't have to look exactly like this, but you need to have date, an item, and the the well. Yeah, the amount as in like the dollar amount, right? authorized. So authorized by and received by. So authorized by is the person who's in charge of authorizing petty cash payments and of course received by is the person to whom you are paying the money. That cents. Yeah, dollars and cents. Yeah, dollars and cents, right? Was that Sorry. Yeah, used to was in charge of pettic cash when before this. They didn't want us to see it, right? Okay. So, date voucher number is important. description and then figures approved by and cash received. So we seeing some common trends here, right? Right. Didn't get to finish my syllabus. don't know nothing on didn't teach. Pressure thanks to the positive response. haven't done petic since grade nine. Pressure. All right. Lovely. No worries. All right. So here what we're going to do, right? let's just take look at one more and see if it looks see if anything can be gleaned from it. Right. This looks kind of this looks decent as well, right? So, Pettic Cash voucher. So, the voucher number, date, amount, paid to. So, this looks little more like regular receipt. this this is not the format would recommend out. This is the one would probably go with to be honest, right? so again, you don't have to drop set of lines on it, but you need to drop something. So, to be honest, we could take time to do that. feel like it's don't want to say waste of time, but feel our time is better spent doing other pieces of the question. So here let's just so what we would what we would enter into it ladies and gents would be it would be chemical company. So hold on the date would be what's the date? The 8th of March 2025 right? So 03 or 08 03 2025 item what we buying again disinfectant and bleach. Hey could you behave yourself? Right. And then the amount is 55. And then yeah, well you had to sign it so you could just What's up fake signature? All right. Hey Jama, how you doing? Keep man. Yeah, we taking look at the Sorry, Jade. Not Jama. Sorry, it's Jade. Yeah. Hey JD. Yeah, we taking look at the John 2026 people like manufacturing. Yeah. Mhm. Yeah. Have Google Meet for my paying clients. Yeah. Check my check my YouTube channel. All are there. Right. Cool. So, all right. You know what? Enough talk. Let me just do do something. Right. So, we need date column. No. Hold on. So, let's let's put that that date. Right. Okay. Cool. So, we need date. We need details. What else we need? amount. Yeah. Okay. Cool. Amount. Right. And of course we call it petticash voucher. Right. and we need voucher number. That is very very important item. Petty cash voucher with all of that. Yeah. Yeah. Some way somehow. Wait. Was the Hold on. No. No. No. No. It says create an appropriate source document, right? Okay. Hold on. What was the number? 21. All right. Cool. You come back here. So number 0021. Cool. So if you went to the exam, obviously never knew about what what am supposed to? If you don't know what to put, leave it out. It's three marks. It's your first three marks in the paper. But again, just leave it and go. Do what you know how to do. All right. So what's the date again? And it's 2025. Right. Right. and the date is the 3rd of Sorry, no, the 8th is 8th of March. That's what it said. Right. So, hold on. Sorry. That's somebody else. that's 8th of March. Right. So the details we buying what we buying again chemical company limited. All right. No, we buying disinfectant and bleach, right? Infectant and bleach. 55 right. Give me one sec. No, no. Right. So, let's push this up little bit. Let's pull this up little bit. Right. Right. I'm going to put the total column here. Sorry, the total row. need to use highlights because obviously well needs to stand out somewhere somehow. Right. So total. Okay. Going to take out those. Put that back in. Right. So authorized by authorized by Did not put an underline thing there? Okay, hold on. How about that? Right. All right. and then receive by you. no. can't remember if could. think tried to look for it last year and put put in the chat and said look look for this pattern between just look for the May pattern for me papers look for one for Jan loan and then look look for Jan me and said can find single pattern based on the five years we could look again and see if you All right, hold on. That's enough space. You go ahead. Why? Why? Why? my god. feel like we wasting so much time doing this stupid thing. Okay, cool. And then you need to sign here and sign there as well. One sec. Let me just check the format. Yeah. Authorized by, received by. Okay, cool. Nice. Okay. Yeah. Jan 2026. That's correct. Yeah. Yeah. So, three marks, right? If you never heard about the fic vouchure, that's basically what it is there. Okay. yeah. Yeah. You need signatures for sure. Was that No, no. Received by them. It be received by somebody on on behalf of them. What's the name? Chemical. What was the name of our company? Smart. Smish appliances. Not yet. want to do as much as as we could possible because we already we're already 25 minutes into this and we do much. So, want to try and accelerate. Yeah. again. So guys, I'm not big advocate of leaving out stuff, but honestly, if something given trouble, so this question syllabus, okay, you supposed to know how to do pettic cash voucher. Yes, as well. so what's So, all right. feel like we spent half an hour doing nothing. can we move on? All right. in class people, are we okay with petty cash voucher? At least you're familiar with it now. All right. Google Meet just give quick genie chat or thumbs up. If you're good with that, please. Yeah, feel like we need to move on. Half an hour on this is just an unbelievable waste of time. But again, we prepping, right? We prepping and we we basically ahead, right? We we we started this ahead of time. All right. So, that's one part right. So, let me put that. Cool. Now, okay, get rid of that to identify the name of the signal. Three marks, right? So, figure one shows cash invoice. Okay, cool. Payment was made from the petty cash fund. All right. So, we have here big apple restaurant cash invoice March 28th, 2025 supplied to smart kitchen appliances. So, we are smart kitchen appliances. Agreed. Right. So, what this is implying is big apple. We bought something from big apple restaurant and paid them in cash. Right. Now it says here quantity three dozen saltfish samosas. We don't know unit price. Cost is $54. 20 bottles of salted fresh fruit drinks. Unit price is $2.50 and the total cost is 50. So 20 * 2.5 is the 50. You okay with that? So it means that three dozen how much is dozen again? 12. 3x 12 is how much? So 36 multiplied by something will give us 54, right? 1.5. 1.5. All right. Good. So sub total is 104. 54 + 50 is 104. All right. Let's discount $4. Total is is 100. All right. Okay. So, let's see. So, figure one is cast. So, calculate the price of one saltfish samosa, right? So, again, on your on your booklet, you have space to do that, right? So, calculate the price of one saltfish samosa. So, as we said just now, three dozen is 36, right? the unit price is the price per saltfish samosa. So to find the total cost, you'd multiply 36 by whatever that is to get 54. So if you want to find whatever the unit price is, you'd work backwards, which means dividing 54 / 36. So that's 3 over2, which is as you correctly said 1.5, right? So just do little quick and it doesn't have to be in statement format. It could be in regular CC math calculation, right? like little statement formats. So most likely that's where you yeah. So look, actually did do it and kind of like I'm asking. So total cost of 3,36 sawfish samosas is $54, right? Therefore, the cost of one samosa is 54 by 36, which is $150. We good with that? Okay, cool. where you at? No. All right. All right. What's the next thing? identify the type of discount Suzie Smart would record in her cashbook based on figure one. Okay. Hold on. Hold on. Who is Susie Smart? Susie Smart owns retail shop called that. Okay. So, Susie Smart owns Smart Kitchen Appliances. Yes. Okay. Now, on this on this document here, we this is which is the cash invoice, right? We have discount which is deducted from the subtotal before we get the amount that is paid. Agreed? Okay. Now it says here identify the type of discount Susie Smart would record in her cash book based on figure one. Now it's one mark question. So if your brain set bubble and get confused because here what going on right says here record each sorry no okay my bad. So this item here was paid for. Now it didn't it didn't say pay. no no no. What does this say? What does this say? where do we record any payments made from the petty cash fund? In the in the cash book or the petty cash book in in the petty cash book. If you if you make payments from the petty cash fund, that's the purpose of the petty cash book, right? The petty cash fund is the actual currency, the actual dollar notes that that that represents pettyash. And the pettyash book is the book of original entry we used to record the transaction petty cash. Right? So we made payment from the petty cash fund. So if you make payment from the petty cash fund, this is supposed to go in the petticash book, but the petty cash book last we checked doesn't have discount column, right? On top of which this is cash invoice. So you remember trade discount like when you buy in bulk and you get discount. Do we record trade discount? No, we don't. It's deducted on the invoice. what is recorded is cash discount. But cash discount is when you make payment or when payment is made for an amount repayable or whatever receivable and it's deducted from the amount that was owed. So if you think about okay let me give you an example right so you you would think it's cash discount but here the thing right cash discount is given to encourage early repayment right okay now maybe there are other reasons fine imagine somebody owed us $102 and we said this give them 100 right so in your accounts you would have debit balance of 102 if you say give 100 okay so you you would debit cash 100 or bank 100 and and debit discount allowed for two, right? But that's when you had balance that was in the books. Here, there's no credit element. The payment is being made immediately, right? So, if we follow the train of thought, right? There is no 104 amount owed in the books. The $4 was deducted on the invoice, which means that the amount that was paid was 100. So there was never, Well, here the thing they tried to give it to her by saying identify the type of discount. She regarding her cashbook in cashbook is only either discount allowed or received. Received is where you get the discount which is what happened here. Allowed is when you allow discount to your debtors, right? But here the thing this is petty cash transaction, right? We record it in the petty cash book. How would we randomly put $4 discount in the cashbook attached to nothing? don't know that we can. I've never seen it before. Right? don't know if we look in textbook, we'll find it. So, I'll be real honest, right? This is what put. No discount will be recorded in the cashbook as the payment of this invoice came from pettic and there are no discount coming. And we can't put random discount in the cashbook. It has to be attached to something as far as know because it has to be debit and credit, right? If you tell me, okay, we get we get we receive $4 discount. All right, that's credit. What's the debit? We we didn't owe anybody any money, right? So was and and that's the thing was it question this paper contain things that were not properly thought through by whoever created the exam. Let me give you an next example. Let me go straight to question five. We're not going to do question five. just going to show you something in question five. Right. It was it was cooperative. Right. Right. Now we're not doing this now. This is tomorrow. But want to show you something. This says trial balance, does it not? Okay. And it gives us totals for the columns. And the totals agree, do they not? Okay. No. No. didn't add it to double check it. want you to check something with me. Right. This here says bank charges and interest. So bank charges is what they charge you on your bank account. Remember like in bank Rex, they have bank charges and like interest maybe on overdraft, right? Okay, cool. So, if they charging you on bank account or they charging you interest on an overdraft, you should have bank account balance or an overdraft balance, right? Tell me something. Why is the rest of the tri balance there? Find the bank account for me. Find overdraft. It's not there. It's not there. wow. Okay. Hold on. Just now. Just now. Just now. Hold on. Right. We're not done. We're not done. Interest received. Now, interest received. Now, this is cooperative, right? The gr the grand grand ravine or grande ravine farmers cooperative, right? Okay, cool. So, in cooperative, it is within the realm of possibility to lend your members money and collect interest, right? So, it means there should be some loans to members or if it's interest, it's on some investment, right? Find that for me. membership fees. Okay. No investments. All right. So, interest just paid. don't know. don't think so. Am call it like late charge? The auditor. Well, okay. Auditor. The auditor is somebody who external to you who comes and verifies your accounting records. like Price Waterhouse, Pan For right now. The one the one that love is this one here. Dividends paid right now is cooperative. Cooperatives have shareholders members. Right. Okay. But that means you have to have share capital, right? Find share capital for me. I'll wait. What's your problem for this question? Right. And that's the thing. This is how they got away with it. what they wanted it to do was an income and expenditure account which is an income statement but for not for profofit and for and the appropriation account right now for the appropriation account you didn't need to have share it's just dividend right so here my thing right given that you had stuff like this in in questions on the paper right to me yes okay you could do what they require to do but it shows lack of thought in the question this is not properly constructed question right so to me this question and that's when pulled up my fo didn't see like format for the petty cash voucher cuz was like what what are they talking about here knew it's pettic cash voucher. Yes. Right. But I'm like why are they making you all do this? Anyhow that that aside this this item here, right? So you could do one of two things. One you could play their game and figure and say okay look the discount Susie SM record in her cashbook based on figure one they could say is cash discount the discount received. Right. think that is wrong because think this here is it's an invoice and the discounts on invoices are not recorded in the books. Right? Now the thing is if you say okay if you say and then on top of that you're making payment from the petty cash fund. If you make payment from the petty cash fund how are you recording discount in the cash book just putting it in? Is that is that done? Have we been taught that? was never taught that. That don't mean it's not right. It just means if you look in the textbook now, will you see it? No. Right? If it's not in the textbook, how are we supposed to know? Now, don't get me wrong, we could know things that might not be there, but still. So, again, once again, it's one mark, right? So, don't let it stress you out. would put this and stand my ground, but again, it's not have my one already 28 years now. So okay harder in sense that the we had bigger topics so like they didn't have budgets they had the the full gamut of the nonprofit which was subscriptions account bar trading account incomplete records they had plus income you see income records that to me is it was the crown on the in the syllabus and took it off child how you So what do you mean by that? Yeah. Yeah, we do in January. We're into some trouble here, Gil. mean that yes, it would pull together. You you you may have to do very short tea accounts to for expenses and or revenues to find the income statement figure. You might have to do control accounts to find credit sales, credit purchases, and then do cash book to find cash sales or cash purchases. Then do an income statement. It's supposed to, right? And in the income statement, you might have something called markup and margin, which is ratios to to get the net the gross profit and work backwards to find or some kind of match, right? redex statement of account. That's basically tea account in vertical running balance format. That's all it is. That's from May 2025. Did it last night. Check my check my YouTube channel. Right. Anyhow, yeah. This turns people off from doing accounts later, unfortunately. Right. Stuff like this. Yeah. Yeah. last piece here for one mark. For this piece, state one possible reason why the discount identified in part two was given. One possible reason. Long story short, to encourage quick payment or to to reward them for buying three dozen saltfish to for buying book. Yeah. Right. So, yeah, this is just something came up again when was doing this paper and again in my tired state, tend to get annoyed at certain things. if went live tomorrow. Yeah. From 9:00 a.m. to 9:00 p.m. basically with some breaks in between. Yeah, was annoyed at the paper. was tired. It was Friday evening. was like, want to go home. So, just put some stuff here, right? So, one possible reason why the discount was given was to increase the likelihood. So, yeah. So, think about if if something costing you 104 and they knock off the followers, you'd be little more inclined to buy it, right? So, that's why put to increase the likelihood of purchase by the buy. Yeah, sure. you want to know about cape mistakes? Okay so we were doing I've been doing cape pass for the past couple days right in 2022 they brought question that topic for which had been taken off the syllabus 8 years prior and and not put back on and it came in the wrong part of the paper. So it was question one item they put in question three right now that that and then in 2014 they brought something again in question two where it's supposed to be but they brought an an aspect of it that was not on the syllabus and has not been put on the syllabus since then. Yeah. So sorry this this turned into ranting session for me. apologize guys. we're supposed to be focused on the work. But yeah, this this paper annoyed me thoroughly. mean, again, maybe it's because lack sleep for three and half years. Maybe it's because kind of fed up with the mistakes and the stuff. maybe because just don't know some things that somehow popping up now, right? Because again, what was told is that the people in charge of CC PEA and CE accounting are not necessarily accountants. There are people with business degrees who've done accounting courses and again think they also teach at university level and in at tertiary they use US textbooks which have different methods for certain things and then because they're accustomed to that they figure it must be here and they put it there right that's my that's that's my theory anyhow let me let me cut that one time and move on. All right. in class people we mean part part one was good. That was nice. CC marks question consume arithmetic. Nice. The mark, right? This one here, that one again cause my brain to buzz. maybe somebody might have an ex friend who are supposed to talk about this paper and she she she's like no let's cash this one like all right cool no problem. All right. And then this one here again you could have different reasons here. If anybody has any different reason want to run by me is not problem. Let me know. All right. purchases. Yeah. to reward would say to reward or to encourage bulk purchases. Yeah. Buying in larger quantities. Yeah. Okay. That's that piece. Now to the slightly guess you could say reasonable part of the paper. Record each of the following entries in the pettic book of your answer booklet on page five. So the transaction for figure one. So you have to record the $100 right now. Hold on. Right. So record each of the following entries. So the transaction for for figure one balance and rule the petty cashbook. Now here the next thing mean this mean the picking. Right. okay. Yeah. So after you record so it's one transaction you have to record then you have to balance and and rule the petty cash and bring the balance down and then replenish the petty cashache fund at the starting month. So let's just take that's me. No. Okay. Right. So let's just take look here at the petticash booklet. Right. So they they give it to you. They give you fillers. So you only have one entry to put in. And guess which column is going to go under? We bought samosas and drinks. Which column you think it'll be? Snacks column. Right. What? Hold on. You're going to snacks column. Hey, be yourself. Right. So, on the is the 28th, right? The 28th you could say 30 sawfish samosas and 20 fruit drinks or whatever you could fit. No, it's one payment. Yeah, it was one invoice, right? So, one Yeah, one source document. So, it's one payment. Sorry, question. Just put you could put snacks. Yeah, just put snacks. But don't for So don't forget vulture number is 24. The total is 100 and you put 100 here. Right. The 104 and the four have nothing to do with this. Right? We only put in the amount paid. All right. Yeah. Yeah. Yeah. Yeah. Yeah. If you can fit selfish emotions and drink and and fruit drinks, fine. Right. So in each of these analysis call, you have one entry, one transaction. So what what you're going to do there after is you're going to total it up. put that one in yellow. Yeah. don't forget to balance it, right? crap. How was supposed to you know what? Forget I'll just right. So, 28th offices on that 24 total is 100 100 here. Right. And then you had to balance it off. So, 55 and 205 is 260. 260 and 130 is 390. 390 and 100 is $490. So you're going to have 10 $10 left. that's just balance carry down. So balance is $10. And then you put your total here as well cuz the 490 plus the 10 will give us 500, right? Right. And that 500 goes here too. Yeah. Yeah. So after then you're going to bring your balance down. would say somewhere around here. Correct. And then you have to replenish, right? And then you you would replenish the petty cash fund here as in you would put in basically how muchever you spend is what you're going to put back. How much we spend? It was 490 we had spent. Yeah. So you say 490. You put the date as well first of April whatever the case is and then put cash book because it would be replenished from the cash book the left side across here. These are the totals. So the 205, the 130, the 155, and then don't forget the 100 goes here as well, right? And when you add go down, you're going to get 490. So the 10. should put that there too. So, right. Just by the way, I've noticed in the papers we've done 2024, 25, 26, we haven't had we haven't seen control account. so like finishing this and doing other. Yeah, finishing this and wanted to do control accounts because haven't seen any in the past five five papers we've done. wanted to touch on provision for bad account. somebody asked which right errors and suspense we can do couple questions there as well. wanted to touch on budgets very briefly and I'm fighting with myself to to see if want to do the two absorption costing questions with you all. What? Yeah, it is there and they brought it in 2022 May and 2023 Jan but they don't bring any on the look it look I'll show you hold on absorption costing right right there's one instance of it on the whole syllabus right let me zoom in so you can see what it it the details right this is it here they say nothing about what to teach and it's in the middle of basic costing principles. Right now the the textbook is textbook with whole 30 something page chapter. Right? How this one mention of it could lead to that when in almost other almost all the other aspects in the syllabus you have details about what to teach and this is new item on the syllabus. You can't expect people to know where to where to stop if you don't know where to start. Right. Anyhow, yeah. So again, between today and tomorrow, I'll decide, but definitely some control accounts questions will be done. I'm thinking at least two, if not three. errors and suspense since you want to talk about that. couple of provision for badass questions for sure. think we've done enough cash books. don't think we have to do any more cash books or petty cash books. And again, this was about the third or fourth time in about three or four years they brought petty cash books. Petty Cashworks before 2022 came in 2011 and after that it's come on like out of the 2022 three four five out of the eight or nine papers it's come three or four times LLC's I'm not trying to predict right LLC's last yeah think would either be or I'm leaning towards cooperative to be honest if had to make prediction and I'm not I'm not right cuz partnerships came strong in 2024 So, you think you should go cooperative? Sorry. Yes. Yeah. Yeah. No, we two. have have two wanted to push this. We'll have to do this one. Yeah. wouldn't even call this one to be honest. But no, it it it it could you could do it. It would it would do if you don't look too deeply at it. Right. Okay. So, can put up the solution now? Yes. All right. So, right so didn't Okay. Let me let me take out Right. Yeah. So on the 28th of March, god, what had big apple restaurant samos, right? So had this, right? Big Apple restaurants, samosas, and fruit drinks. Sorry, what? Uh-huh. Sorry, one sec. hear some. Yeah. So, big apple. So, again, if you could fit it, was able to fit it here because Excel could you could you could modify and wrap the text, right? So, voucher number is 20 24, right? There was 100 here and 100 in the snacks column, right? Now, right. So, again, in for each of the analysis columns, we only had one entry. So, the total would match that entry, right? And then, as you can see, when you add up here, we only have $490, but the pettyash balance brought down was 500. So, if you sp if you had $500 and you spend $490, how much you're going to have left? Yeah, you have $10 left. So that's the balance carried down. You bring the balance down and as they ask you to to do, you replenish the petty cash fund on that same day. And to replenish simply means to put back whatever you used, which is 490. Okay. Wait, you know who check up for while? Who stockation comes every 5 to 10 years? Randy, who did that? Stock valuation wasn't we did that in 2025 Jan. We talking about that was in three years of liberty. All right, Linda 9:00 in the morning. Shim Shamal 9:00 Shamari sorry what is corporate it's basically limited company with different terminology that's all it is what do think on paper stuff from the account syllabus tried to be rude but tell anything not trying to predict nothing okay cool me just give quick genie chat if you're good with what's on the screen there specifically the stuff from here go down thumbs genie chat if you're good with that. If you need me to reexlain, let me know. That's not problem. All right. In class people, are you okay with the petty cashbook on the screen? Okay. Now, we question one. We still have done question one. We still doing question one. Wait, where's this? that's Google. All right, take that off. Where the paper? Right. Okay, that's the thing. Right. Suzie Smart runs small ery in the retail shop. Calculate the percentage markup on sale. markup the person on sale if one bottle of fresh fruit drink and two samosas are sold for 750. Okay. The markup is the gross profit as percentage of the cost. What? What? Hey, give yourself. No, that's go away. So mark up is equal to gross profit as percentage of the cost price. Okay. So of course gross profit would be the selling price minus the cost price. Right. Okay. So, what's the selling price to give you here now? Yep. So, one bottle of what? Of fresh fruit drink and two samosas are sold for 750. So the question is now okay how much did each of those cost 150 correct times new Roman line with zero Right. Hold on. Hold on. Right. So, just sort of come back this way. going to fill that with white. That's about the same size. Right. So, one sawfish samosa was 150. One bottle of fresh fruit drink was 250. 150 and 250 is $4. You sold it for $7.50. So, what's the profit there? $750 minus 4 is $3.50 and you have to put that over $4 cuz four was the cost price. So, basically have 35 40. So, that's what 78 that's 87.5%. Yeah. put them just now. Right. So, let's take look at that. So, once again, Suzie Smart runs small ery in the retail shop. Calculate the percentage markup on sale if one bottle of fresh fruit drink and two samosas are sold for 750. Wait, made mistake. made mistake. What's that? So, one bottle is 250. Two sulfish samosas. 2 by150 is what? $3. So, this is actually the cost price is 3 plus 250 is 550. So, it's 750 minus 550 is $2. and they putting the tools over the 550. So, let's see how that looks, right? So, the selling price is $7.50. Yes. Cost price for one fruit drink is that. Cost price for two simosas is that. Total cost price is that. Yeah. So, now if you do selling price Yeah. selling price minus cost price, you have the gross profit, right? And the markup is the hold on. So let me put that in thing too. Right. No. Yeah. So gross profit as percentage of cost. So $2 divided by and have look have 750. Wow. 550 is the grow is the growth is the markup they want. Right. Yeah. Right. So it's 36.36%. Yeah. really was tired when doing this paper. Wow. Right. So once again just to recap that they wanted calculation of the percentage markup on the sale of one bottle of fresh fruit drink and two samosas. Right? So one bottle of fresh fruit drink is 250. One samosa is 150. So two samosas is three. See one fruit drink is 250. Two samosas is three. 250 and 3 is 550. So selling price minus cost price will give us gross profit. Boom. And now they want the markup, right? The percentage markup. The markup is the gross profit as percentage of the cost price. So $2, which is the gross profit, divided by 550 by 100 gives us about 36.36%. All right. Okay. in class people. Were you okay with that one? Yeah, that one was little combination of consumer arithmetic plus little little counts at the end there for the markup percentage. All right, Google me. Just give quick in the chat or thumbs up if you're good with that one. Right, if you need me to reexlain, let me know it's not I'll do it again. understand. Right. Okay. Cool. Comments. Michael. sorry guys. I'm now seeing comments there. Right. So 649 never told me this. So do they not check over this boy? am asking have asked that question myself. have asked and maybe the person who created the questions checks over him or herself and doesn't realize I'm Yeah. Sorry. Sorry. I'm now replying. just was kind of caught up in what what to petty cash. Yeah. how how anyhow we you do have answer for that. That's what you brother man, right? Anyhow, okay. And we're still doing question one cuz it's part which didn't didn't give to you guys cuz it's on it's at the top of question two. So these people again. So here's what I'll do. I'll just print out question two one time. I'll give it to you all. so we could start question two right after. Like what am doing? Right. So this is question right. Okay. So question two is here. Yeah. Three four. Right. What is this one? No, have it. printed it here. No fright. Right. take off that. Take off that. This, this, this, this, and that. Boom. Right. Okay, cool. whatever. Mhm. do you guys have some some little accounts here? Okay. Right. So, let me Where it going? Here. look at there. Let's zoom in again. question. Receipts and payments are well last year and right now Jan. So three papers in row is is is tough sell question like come in row. Yeah. mean back in the day partnerships was on every every paper. You could hardly find paper without partnership in some way shape or form. That was that was like the one stable. don't know why they were so in love with it. but yeah but and and since then yeah mean sometimes you might find cash book was on several papers too. LLC's was quite popular in the Jan papers and was was absent from the many papers for long time. Okay, so folks again we still got this question here. It says hold on right prepare the ledger accounts in your answer booklet by inserting the appropriate entries for replenishing the petty cash fund in the general ledger. Okay, and there's five mark for this, right? Okay, so let's let's count something, right? So this this is so above here we still had the space for one part That was the thing with the markup just now. Okay, that's three marks. Cool. So we counting how one two three four five. So you get mark for each one, right? But here, right? What they want us to do? Prepare the ledger accounts by inserting the appropriate entries for replenishing the petty cash fund. When we did the replenishment just now, we saw that basically cash came from the cash book and went to petty cash, right? So why we have five accounts? Apparently apparently and and we we looked at this. Apparently when you replenish the petty cash fund, you are also transferring these totals to the respective expense accounts in the general ledger. have no clue how that is part of the replenishment of the petticash fund but you know Stranger Things is series on Netflix right anyhow so right here we going to do here we going to do four items here right so what the fifth account for if had to guess it would be pulling from the cash book to replenish Now I've been told that there is petty cash account which is not the same as petty cash book. So you know how you have cash book and you have cash account in your ledger and you have cash book and you have bank te account in your ledger. So same thing you so you have your your petty cash book which is like journal book of original entry and you have corresponding account in your ledger right but if that was the case should we have six items then cuz you would need to show the transfer from from cash book to petty cashbook right so here what we going to do we go and do the four expenses and then will show you all both so even though you do you don't have six items I'll show you the six Okay. And you can decide which one you think is the right one. if had to make choice, would ch the petty cash, right? would actually show petty cash cash and three out of the four expenses and draw I'll draw the fourth one. That's what would do. So without further ado, here we go. So one part So with cash account, right? So the first one was the cash account, right? And the details petty cash 490. So, put the cash, right? The next one, the account title. what was the first expense? Cleaning. How much it was? 55. All right. So, why why is that there? no. No. Sorry. So, because it is an expense, guess what side? We're going to go on the side. So, this would be 31st of March. All right. 31st of 30. Well, the 31st of March. Yeah. Sorry. This is 31st of March. 55, right? What if you actually put like the dates that they were recorded? No. Well, they transfer that end of the month. That's the whole thing. really? Unless they give it to you or specifically say to use it, don't even bother with it. okay. Sorry. One sec. just trying to get up. Right. there we go. Right. So, 31st of March. Right. Petty cashache 55. All right. highlighting it so that way you could see it bit more easily cuz right now it's kind of blending into all of the white space, right? Okay. What's the next thing? Expense snacks. Okay, that's the 100, right? Okay, cool. Account title snacks. So again, so hold on, right. So 31st March petty cash cash is on the credit side because cash replenishes correct. So money is coming out of cash and if money's coming out of cash is decreasing and since it's an asset you have to your credit to record the decrease. Right now, sorry, Jonathan, just want to follow up with Right. If it was they toilet to use the folio caller to record it, right, for the folio here, if it's coming from the petty cash book, you put PCB and make up random number for the page number, right? Whatever number, it don't matter. Don't go overboard. Do like 15 billion like page five, page 27, right? Okay. what was the third one now? Stationary. How much it was? One, two, three. Right. So, 31 Marsh 30 cash 130. The final item was supplies 205. Right. Yep. Yeah. We spent an hour on trip question. That is the most annoying thing in the world right now. On top of energy question clearly had issues. And how much is this whole question? 20. All questions is 20 marks. Whole question one is 20 marks. full of it's 20 marks by five 20 marks per question by five questions in total. Yeah. Right. And again if you feel so inclined you can even like said draw in your own petty account and show the hold on. Look, can do that quick? right. So, this one again. So, petty cashache. So, you alo have this, right? So, this would say cash and then 490, right? So, again, this this one here is the kind of To me, if they wanted to show the to record in accounts the replenishment of the petty cash fund, this is what they would show, right? But third, they gave you five accounts. So, they wanted to also show the transfer to the respective expense accounts from the analysis column totals. Right. So where you get the PP from Henry Sorry. now see 73 10 minutes. Sorry. Margin debit side. Ginger. Why is going on debit side? Sorry. know. don't check any comments here. an expense, right? ledger. Yes, ledger. Accountancy account is the same thing. You should have paid me to do that question. You should have paid all to do that question. Question was real real as heard some people say. Anyhow, folks, think we could say fun goodbye to question one. What were they saying? Yeah. Yeah. But just give her little little crush. Are you all okay with the with the end the entry of these figures in the tea accounts? This is the best part best part of the question. All right, cool. Except for the fact that they asked the replenishment and they give you the replenishment. Well, again, replenishment is easy, but they give you five accounts, right? Yeah. Four four expenses and one. What we supposed to do, you know? Anyhow, right, Google me. want to ask if can move on from this question. If you have any questions on this question, any part you want to go back, let me know. Right. But feel like it's time we have other things to do. Right. Okay. Cool. Right. guys, gave you question too, right? just have to give you all the the pages from the answer booklet. Hold on. What's this question about? Two part Okay. Right. Cool. that that yeah so feel like this might take us the time. All right. So while the answer the pages from the answer booklet printing for more people in class let's take look at the question paper. Right. So the seagulls water sports club has membership of 112 people. The treasurer presented the following information for the year ended December 31st 2024. Okay. Cash in hand at the start of January. Bank balance overdrawn. So notice brackets indicate negative balance. Social night ticket sales expenses for social night raffle ticket sales raff. So raffle prices had to be purchased. This is this is payment. Refreshment bar takings. Takings means cash sales. So that's an inflow. Bar purchases. That's clearly payment. Bar staff wages also payment. Utility bills paid and telecommunications bill paid. Right. Good. Good. don't pay my internet. Almost forget that. All right. Additional information. The annual subscription fee is 150 per member. Only 19 members had paid the full annual subscription fee. further five members had paid only half of the annual subscription fees as of December. Okay. What do you want us to do? Use the form provided in your answer but to prepare the receipts and payments account okay for the year end be sure to bring down the open balance of available cash. So here the thing right receipts and payments account as you can see here only has one money column. So if they give you two balance sorry if they give you two balances one is the one is the cash and one is the bank. So, so just so put the cash on the debit side and the bank on the credit side. That's the only thing could think to do. So, they're basically cash, right? So, for for non for not for-p profofit organization like club, right? They they call their cashbook the receipts and payments account. Okay, fine. No problem. But basically, as as know it and as always describe it, it's like cash book with one money column, right? So, have seen questions where you have an overdraft in that account. think that might have been in the paper we just did, right? But I've never seen them bring two different balances for the same account. Now, okay, cool. They did. So, what do we do? We use both of them. The cash in hand at the start would be what? 7,000. That's an asset. What type of balance does asset have? Debit. And then we have overdrawn bank balance. That's liability. What side are going on? Credit. So, start there. Put the cash in hand on the debit side. put the bank overdraft on your credit side, end of the transactions and then get one. All they could do at end is get one balance. We'll have no way to figure out how much is cash and how much is bank. But because it's recount, we don't we shouldn't actually need to any organize that for me. And then thereafter we have other pieces to the question. We have think it's bank wreck. We had to update the cash balance and then do bank wreck kind of thing. 6 and four is 10, right? only five members. this stuff hold on just now. What? Okay. No, we have we have to have that part in that that is part of the of the information the pieces down here. Cash. So the annual subscription fee. and we got to see how many members too. Crap. Can fit? Well, can can Yes, can. know exactly what to do. All right. Right. So, we're going to put that about here. We'll push that there. Right. So, we don't need to see dollar dollar thing. Right. Okay. Cool. So, down here, ladies and gents, we these items down here are also receipts, right? So, on top of here, it says you have you have 112 people, right? Only 98 members had paid the full annual subscription fee. The annual subscription fee is 150 with fine. So piece of your subscriptions received would be 98 by 150. And then they tell you further five members had only paid half of the subscription fees. So half of 150 is 75. So you'll multiply five by 75. All right. Okay. Cool. So, yeah, it basically goes receipt payment, receipt payment, receipt payment, payment, payment, payment. Yeah. So, I'll put the receipts in blue. Yeah, everything else is payment except of course for the balances, right? The yellow items are also payments. Sorry, receipts. Yellow items are also receipts. Sorry. didn't. Wow. My brain. My brain. Sorry, guys. Yeah. Wait, did not print it? things to do. Okay, that's three sheets, please. Right. Sure. Receipts and payments account. as cash steals. the cash seals. Okay. All right. can give you couple minutes again if you need it. That's not problem. All right, cool. So, let's push this up so you can see it piece this 200. Yeah, man. Nice and big enough to see. comfortably. can pull this up, too. Right. So, question two. All right. So, yeah, didn't format this stuff. click on click on up here. didn't get to do that yet. Anyhow, so the cash in hand is 7,900. So, we're seeing that here on the debit side. Balance of bank overdrawn. We're seeing that here as the overdraft. Cool. So, that's the opening balances. Now, social net ticket sales 3,000. You're seeing that here. Expenses for social right across from it 900. Raffle ticket sales 2,800. Raffle prizes seven. So you had to buy prices for your raffle, right? Did not do something right? Okay, cool. Refreshment bar takings 19,0003. That's your cash your cash sales and your bar purchases 5,4. also had bar staff wages as payment 8,200 utility bills paid 1,100 and telecom telecommunication bills paid 1,800. Now let me talk about the subscriptions, right? So for the subscriptions, they told us we had 112 members in total, right? But of the All right, so the annual subscription is 98 per member, right? Okay, cool. So sorry, it's 150 per member and only 98 members pay the full subscription. So 15,000US 314,7. Yep, there you go. Right now, and and on top of that, further five members had paid only half, right? So only half means 150 divided by two, which is 75. That's five members. And if you find that product is 375 and when you add 147 and that you get 15075. So this No. All right. So this plus this 15075 right action in this chat boy what is it doing dissolution was giving people 10 question sorry was remaining very still okay right so the 1507 was now again, right? So you you had this much coming in, this much going out. So clearly you had more coming in than going out. So you're going to have positive balance. Right? Now again, we we can't separate it into cash and bank at end. don't know how to do that. don't think there's way to do it. What's that? Yeah. Right. So when you when you find the difference, you get 25 375 and that's your closing balance for your receipts and payments account. and then bring it down here. Okay, in class people, are we okay with the receipts and payments account currently on the screen? Any questions? Anybody? Anything? Are you okay with that one? All right, Google me. You know the drill, right? If you're good with that, give quick chat or thumbs up. Either one works. If you have any questions, of course, now is good time to ask said question to get them answered. Anything in trouble, let me know. I'm clear to fear one time. One second. It works. Wait, all those comments. Okay, couple. Cool. Right. So, we have that done. So, let's put that let's close that back up. Okay, next piece. on December 31st, 2024, the treasurer received bank statement for the Seagulls Water Sports Club. We were doing seagulls. Okay. Yeah, seagulls. Okay, cool. So, that name just didn't it didn't strike me at all. Right. The following notes were made based on that bank statement. Okay. deposit which was lodged at the bank. So what does that sound like? Bank lodgement, right? So deposit lodged at the bank was not listed on the bank statement. So that's bank lodgement. And if you were doing bank wreck, starting with the bank statement, we would add it. Right. Cool. Sorry, one sec. Right. Next. check received from one of the members was listed as dishonored. Okay. saw dishonored check that would go in the cash book, right? Because remember when we got the check, we would have recorded it on the debit side of the well, sorry, the receipts and payments account. When it's dishonored, what does that mean? We didn't get the money for whatever reason. So, we have to unreceive it. We have to unrecord it. But we can't do that. So, we have to go in the in the account and counterbalance. So, if initially the receipt was on the debit side to counterbalance or cancel, you have to go on the credit side. All right? So that item is an updated cashbook item. Next, two checks which were used to pay for the following club expenses in the third week of December did not appear on the bank statement. What is call those? Unpreed checks and they will go in the bank wreck. The club's annual insurance premium premium had been paid by the bank through standing order mandate. So standing order takes payment straight from the bank account. So that has to be put in the well the updated cashbook, right? bank charges also deducted straight from the bank statement. So we'd have to put that in the updated receipments account. And two club members had made direct deposits to the club's bank account for their full annual subscription. Right. are candy. This is bank Rex, right? Okay, cool. So, the two items in red will go in the bank reconciliation statement. Whether we add or subtract them depends on what balance we start with. All right. If it's the bank statement, we'd add the first one, the bank lodgement, and subtract the unpreented checks. Right now, it says, use the relevant information to calculate the updated cash balance for Seagull's Water Sports Club at the end of the year. That's six marks. Okay, cool. So, what you're going to do, you're going to use the same 25 375, right? So, you're going to draw up fresh well updated cashbook or updated receipts and payments account, right? Start with that balance 25 375 on the debit side. Okay, cool. So, the check received. So, this the dishonor check goes on the credit side as does the insurance the standing order and the bank charges. The only one that goes on the debit side is the the last one there, right? And there's two members and the annual subsription is 150, right? Yeah. So So cuz they didn't give you the amount there, did they? What it is? Can you explain why the standing order? Right. So, the standing order is is payment set up to be automatically deducted from your bank account. Straight from our account. So because that happens, we now have to after the fact update the cashbook. And if it's payment, it means money is coming out. So that means it goes on the credit side as payment. Put check what? Sorry. don't hear any last on the one balance. Yeah. you mean if Yeah. Yeah. Yeah. you mean one single line item? Yeah. Yeah. Yeah. You could unpreented checks pol bracket 450 plus 300 put 750. Yeah, that's fine. Sorry. 2 by 50 150 is 300. Yeah, that's correct. All right. How we going there? Finish. Okay. Tubes. What is it doing? Well, no went on there. What kind of thing? Good. The nonprofit was King Drax. To answer your question, the majority of it was removed. All that remains was the receipt and payments account. they took off income and expenditure for for clubs, but they have it on for cooperatives. as can be seen on question five on this paper right sorry yeah sorry guys so YouTube comments sorry as try to focus on the kids in the class and sometimes other things okay cool okay want to start starting here well mean technically speaking it done already Okay. So, let's Okay. So, we don't need that one because that one is not cashbook item, right? Okay. So, here. So, this is my updated. So, again, the 25 375 was my starting balance, right? let me zoom in here little bit more. Yeah. Right. so check received from one of the members in November was dishonored. 50, right? So, dishonored check goes on the credit side because it represents not loss per se, but the the cancellation of receipt which was initially on the debit side, right? the club's annual insurance premium have been paid, right? So, 2500 standing order credit side, bank charges, credit side again, and then the two members who made direct deposits of their full annual subscription fee. So, you see the 2x150 here, right? And when we update the balance, we get slightly lower balance of well maybe not slight but yeah 22565. Okay. In class people are are we okay with that? Shen do we need to know about incomplete records and goodwill not for CC POA? No. for cape accounting unit one. Yes. Right. Yeah. Sorry. Google meets. see shall send thumbs up. Right. Just let them know if you're good with the updated cash there. updated recent payments account what you want to call it. Yeah, true. Question because those are for the bank back bank wreck. Remember the bank lodgement was already recorded here. So in the bank wreck, that's where you would adjust it. All right, cool. So the last thing we have to do is use the form provided in your answer booklet to prepare bank reconciliation statement for the Seagulls Water Sports Club. Begin with the updated cashbook balance, sorry, cash balance to arrive at the bank statement balance. So when you have to start with the cashbook balance, you have to reverse the logic we talked about little earlier. So so the the payments you have to add them back and the the deposit here the what you call it the bank lodgement. Let us subtract that. Yeah. So like it's offering is you see all right. Yeah. Now well outside had plenty smoke earlier today boy here right so what you do you start with the updated cash balance now hold on let me see the format just by the way and payments this is so didn't give you account to use and they give you two columns for the bank why any who Right? So again, if they give you two columns and you only want to use one, just use one. You have you're under no obligation to use the formats they give you. Right? So again, the the bank lodgement is deposit in the cashbook. So the cashbook would go up, but the money didn't hit the statement through the bank account yet. So the statement doesn't reflect it. So the cash book is up, but the bank statement hasn't gone up. So to to make them equal, I'd have to add it to the bank statement balance. But we don't have it. So we can't do that. So the other way to do it is to subtract it from the cashbook balance to bring it back down. So so the so the inflow that is in the cash book but not in the bank statement would be neutralized or or undone, right? To to equate them to reconcile the balances and for the unpreented checks, right? So those are payments that came out of the cashbook. So the cashbook balance is down but the bank statement balance didn't go down. Now when the payments hit and come out of the bank statement bank account, the statement balance will go down. But we don't have the balance state balance. So what we have to do is add the payments back to the cash book figure to reconcile or to undo right the thing that isn't common between them. action. Repeat what specifically? said few things there. No. Uh-huh. Right. So, when you have to use the cash flow balance of the bank recon, basically you're just reversing your addition and subtraction. If you were starting with the bank statement balance, you would add the add the bank lodgement and subtract the unpreented checks. But if you're starting with the cash balance, you have to add the unpreented checks and minus the lodgements. Long story short, right? So, it was like this, right? So, you'll start with the 22 565 we got from the previous part of the question. Add the 8,000. Sorry, minus the 8,000 and subtract the 750. Add the 750. keep keep thinking in bank statement terms, right? If you want to put this one on top, as in you're adding the unpreented checks first, that's fine. It does not matter. There's no one right way to present the items. There's no specific sequence, right? The bank wreck is simply calculation, right? It's not financial statement. So there's no there no what's the word? Financial reporting standards governing it. There's no there's no set in concrete set in stone way to do it. mean there's an underlying logic that you cannot you cannot violate otherwise in what it is you're doing, you know. All right. in class people are we okay with the bank wreck as it stands there 15 315 for the bank statement balance all right Google meet talk if you guys good with that quick genie chat please if you have any issues or questions now is good time to ask all right cool this is so easy sheet You need to practice long story short so you remember what you're doing. EG MFX be group subject doesn't know they need to be taught properly. They need to remove content from the syllabus so it's not over stuff and need to scrap the SBA so you all have enough time to study. had no SBA in my time. So that's why probably did well know my stuff better. mean don't get me wrong there are some people who came up after me with SBAs who probably better than me but SBA have no place on syllabus is is is vanity project at some Mhm. Yeah boy. All right. Sorry one second. right so guys we only have about 10 minutes again but do kind of want to take peep at question three. So question three is payroll question. So actually it was nice little piece of sanity in the whole thing because it it didn't really have any like big issues or problems. Right? So state two source documents which are related to pure preparation. Okay, cool. One accounting software program. Cool. We could do that easy, right? So have question. I'm not going to fight down to do part now, right? unless you really really really want to do it now. You could if you wanted to, right? But think maybe we can hold off on this till tomorrow morning, right? so just so you know, question three is kind of one pager here. Well, most times they're one pages. The crux of the matter being payroll, right? let me just check the format here. Yeah. So, they gave you the space to do it. Didn't cuz again there's no one right format to use and Right. Cool. Now, question four. actually have not done question four. It's just blank. but so let's take look at what question four is, shall we? No. Go away. Thanks. Right. So question four. Right. So yes, again some theory stuff. One duty performed by an accountant other than the owner and the accountant state one internal user. State one external user. State one reason why the external users would have an interest in the financial statements. again ticker box come back. 1 2 3 4 and four is eight. Right? where would these things go? Right? whether they go in the income statement or the balance sheet. and then we have Jenny Jenny Singh and then Lance Mrage right combine assets to form partnership. So they have partnership question but here what they ask you prepare the classified opening statement of financial position order permanence and then they realize total net profit of 62 and they're going to share profits in the proportion to capital invested right so they want the return on capital for Jenny Singh capital invested right so again not really partnerships question per se although yeah there's that one element there but there no appropriation the balance sheet. mean, you have no current accounts, so it's just it's just balance sheet, right? and then question five, come back with ticker box again. And then the this now famous trial balance with income and expenditure and the what you call it the appropriation account. So yeah, so my forecast for tomorrow, sound like weather man, right? is we could probably if we start on time guys think we could finish question three and four in that first 90 minute session. So that's 9 to half 10 and then in the half the half 11 to 1 we can more than finish the cooperative question which leaves therefore the 2 to 3:30. So we could even shift the times if you all want to. That's fine. Whenever you could come, right? So yeah. So yeah, we'll we'll see how the times flow tomorrow. So and again what want to do when we finish this paper is we need to do couple of control accounts questions. what is that? Errors and suspense. you all wanted with them payroll there's now provision for bad debts right for right yeah sorry yeah yeah just yeah wrapping up everything yeah and then by hassi. Yeah, maybe even 8:00 before full make or can't make. Yeah, because there is such thing as too much of good thing, right? Anyhow, folks, what's the good thing? Prepping for accounts. Best ever. All right. Anyhow, well now tomorrow for myself kind of kind of fried right now too. So things not really processing as well as they should. So before Yeah. before we try to fight down something here that we shouldn't fight down right now. I'm going to leave that for now. All right, so Google Meet, right? That's it for tonight. Thanks for bearing with me. I'm sleepy self. although wasn't as bad as some other times. So yeah, hopefully see most and all of youall tomorrow if if your car come and understand. No problem. but yeah, so tomorrow is the last lap and then it until multiple choice. But we'll talk about which is the 21st think. about the yeah after the admat paper two so we will start prepping for multiple choice after the what was that date again the 18th yeah today's what the 5th today is Tuesday right yeah so yeah after the after the 18th probably from the evening of the 18th if you're available and again no class but we'll we'll take poll in the chat and see who's available after new kids want to start but don't want to have them start at the all expense But again, you might want to do multiple choice. Some of you, some of you don't need to do it according to you. Anyhow, Google me. I'll go on. Have good night. Bye. Right. what? Right. Okay. Cool. Yeah. YouTube practice and practice and look at Yeah. At the same time, Enrique, you could. Yeah. Did do cooperatives? there's one on the end of the paper Josiah. So tomorrow for that rate this paper undeposited checks. Yes. teach that with for my private notes. Yes. Yeah. Okay. Right. Okay. Uhhuh. What the hell? Okay. Yeah. Yeah. Mhm. Yeah. Yeah. How much you getting? Yeah. Yeah. All right. Sounds good. It was two numbers. It was who? Yeah. Okay. Four. Okay. Yeah, should be fine. Not here. the country. Yeah. Yeah. Well, that makes sense. Yeah. No problem. Cool. All right. Sorry. What's that? 9. Yeah. Please touch on income. do that already. You have to for those you're on. You're on my channel, right? Check my channel. have tutorials. have possible questions for almost everything. Yeah, such an income statement. Do that already. Nice. 12 hour crash course time, guys. We definitely call it 12 hour crash course because taking the two the two 1 hour breaks and two half hour breaks. 97 right this hold this okay I'm here all right keep show hunter right limited we did that in reversion already but I'll see if can pull an appropriation account tomorrow we did that we did the main 2025 paper earlier. So we did that yesterday. The math live after PO. Yeah, maths for sure. Maths until the next week Monday and after next after me Tuesday come forward admax. Then after that paper one for PO after that paper one for max after that paper one for admax. And somewhere in the middle there keep accounting unit two as well. Yeah. Anyhow. Yeah. Yeah. We we did like