Good day guys

I received a number of questions relating to Journals and decided to provide a guideline on how to identify the correct Journals given a number of transactions

The key in understanding  journals is to identify the codes or source document numbers that will link you to the respective journals

For example if you look at Revision…[Read more]

1. Drink
Water, yes, but alcohol is a real no-no. When you get a massage your body moves toxins in your body, therefore any ill effects the alcohol has caused may be amplified. Your best bet is to be hydrated, not tipsy prior to your massage.

2. Sun tan
This is tough to avoid on vacation, but experts recommend spending the day-of your massage out…[Read more]

Hi Students!

Its Fridaaay! YAY!!

How is everyone doing? How is your studies going?

Remember when sending in assignments – kindly email them to tutors@skillsacademy.edu.za, and if you have any queries regarding sending out of books, updating your acount ect, email support@skillsacademy.edu.za.

– Sandi-lee

– I’m not that smart…I can become smarter with effort.
– I can’t do this…I believe in myself and will keep trying.
– This is too hard. I give up…This is hard but I’m going to persevere.
– I’ve failed so I’m obviously not good enough…I will learn from my failures and improve.
– If I have to try this hard I can’t be that smart…Trying really…[Read more]

– I’m not that smart…I can become smarter with effort.
– I can’t do this…I believe in myself and will keep trying.
– This is too hard. I give up…This is hard but I’m going to persevere.
– I’ve failed so I’m obviously not good enough…I will learn from my failures and improve.
– If I have to try this hard I can’t be that smart…Trying really…[Read more]

SubTopic: Oprah Winfrey motivational video

Waking up to flawless skin is all in a few key steps.

1. Use the correct cleanser for your skin type.

2. Don’t use too many products.

3. Moisturize both day and night.

4. Don’t touch your face.

5. Hydrate inside and out.

6. Avoid direct heat exposure.

7. Exfoliate a couple times per week.

8. Vitamins should go on your skin, too.

9. Get…[Read more]

Hi students.

I would just like to say, I wishing you all a very successful year ahead.

Always keep in mind that hard work and patience never go unrewarded!

May you discover all your hidden talents this new year.

May you achieve good grades in all your exams in the coming year.

Wishing you all the best!

If you would like to join the whatsapp…[Read more]

SubTopic: Fundamentals of Financial Accounting

Please find below a tutorial video on double entry

SubTopic– Financial Statements

Reference: Practice Exercise 2 e page 70 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]

SubTopic: VAT Calculations

Hie guys,

I hope you had a wonderful weekend, see below explanatory notes regarding VAT calculations

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…[Read more]

SubTopic: VAT Calculations

Hie guys,

I hope you had a wonderful weekend, see below explanatory notes regarding VAT calculations

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…[Read more]

SubTopic: Interest Calculations (compound interest)

Hie guys

Here is an example on how to do compound interest calculations

Example

Calculate the Future Value of an investment of R 100 000, over 5 years at a rate of 10% per year compounded quarterly

Solution

FV= P(1+r/m) power of (n x m)

where r = rate, m = compounding periods

FV = 100…[Read more]