SubTopic: Ratios

Reference: Practice Exercise 6 e Page 187 of Business Lit Textbook

Question Number : Part (i) and (ii)

(i) RATIO

step 1 : Total ratio = 6 + 5 + 4 = 15

step 2 convert ratio of each question to fraction as follows;

Q 1 = 6/15

Q2 = 5/15

Q3 = 4/15

step 3 Allocate marks to each of  the question using the fra…[Read more]

Not sure how to color correct – this is how to color correct and what each concealer are meant for.

Not sure how to #ColorCorrect – I have a tutorial on how to color correct and what each concealer are meant for.

Learn how to develop a growth mindset and believe you can become more intelligent. See your motivation and marks increase dramatically.

Good morning all,

ITS MONDAY!!!

Here is the link for the whatsapp group: https://chat.whatsapp.com/LZ3oLEftFqmLHopE2Ya4a8

Please take note of the Rules for all Skills Academy study groups.

WhatsApp Group Rules

These groups were started BY Students FOR Students. The groups are for us to help each other. Be nice, be helpful!  If a group helps…[Read more]

Subtopic: CIMA Exam Format and Study Tips

Sub-Topic: Academic Post – Fundamentals of Financial Accounting (Double Entry)

Accounts which increase on the debit side and decrease on the credit side

Assets
Drawings
Expenses
Accounts which increase on the credit side and decrease on the debit side

Capital
Liabilities
Income

Topic: Academic Post

SubTopic: VAT

VAT Input

This is VAT that is included in the price when you purchase goods and services that attract VAT. When a business is registered for VAT then it will be able to deduct VAT input form VAT output (see definition of VAT Output below).

VAT Input is temporary current asset, since it will be deducted from…[Read more]

Topic: Academic Post

SubTopic– Financial Statements

Reference: Practice Exercise 2 E of Financial Statements textbook

Depreciation for the year will be calculated as follows

Depreciation for the new asset ( i.e asset bought to replace the sold one )

Cost of new asset x percentage ( note that the asset was bought at the beginning of the year s…[Read more]

Sub Topic: Calculation of Cost Price of goods ( VAT ignored)

Method 1: Calculation of Cost Price where Mark-Up on cost price and Selling price are given

Example: Selling price= R 700 and Mark-up percentage of 20% on cost price

Calculation of Cost of Price: 700 / ( 1 + 0,2) = R583, 33

Method 2: Calculation of Cost Price where Mark-Up…[Read more]

SubTopic: Dealing With Fractions

Here are the steps you need to follow when dealing with fractions

step 1 Convert all the mixed fractions into improper fractions

step 2 Now do your calculations observing the BODMAS principle

step 3 convert your improper fraction to mixed fraction , eg 12/ 8 = 1  4/8

step 4 Further reduce your fraction to its…[Read more]

SubTopic: ICB PMSR (Calculation of Overtime)

So if the question says the hourly rate is 200% more than the usual rate, then the rate per hour during the overtime period is 300% 0f the normal rate (i.e 200% + 100%)

For example if the rate per hour is R40 and an employee worked 10 hrs overtime, then overtime is calculated as…[Read more]

Do you ever find that you have more brushes than you know what to do with?

This is your guide for how to choose the best makeup brushes:

<p style=”text-align: center;”>Dear Student,
Registrations for the November NATED Exams are Open! Before you can register for your exams you need to have submitted and passed all assignments for that exam. All of thus has to be done by the 4th of August!</p>
<p style=”text-align: center;”>Submitting your assignments has never been easier. All you…[Read more]

Dear Student,
Registrations for the November NATED Exams are Open! Before you can register for your exams you need to have submitted and passed all assignments for that exam. All of thus has to be done by the 4th of August!

Submitting your assignments has never been easier. All you need to do is fill out the:

Assignment Submission Form. It’s as…[Read more]

Dear Student,
Registrations for the November NATED Exams are Open! Before you can register for your exams you need to have submitted and passed all assignments for that exam. All of thus has to be done by the 4th of August!

Submitting your assignments has never been easier. All you need to do is fill out the:

Assignment Submission Form. It’s as…[Read more]

Dear Student,
Registrations for the November NATED Exams are Open! Before you can register for your exams you need to have submitted and passed all assignments for that exam. All of thus has to be done by the 4th of August!

Submitting your assignments has never been easier. All you need to do is fill out the:

Assignment Submission Form. It’s as…[Read more]

Dear Student,
Registrations for the November NATED Exams are Open! Before you can register for your exams you need to have submitted and passed all assignments for that exam. All of thus has to be done by the 4th of August!

Submitting your assignments has never been easier. All you need to do is fill out the:

Assignment Submission Form. It’s as…[Read more]