AHHH! MST WEEK STARTS TOMORROW~!
23rd june 2008 to 27 june 2008;
& tomorrow is pacc paper for a start;
Lord, i hope you will calm my nervousness & let me strive for my best;
for i rely on your strength & wisdom;
bless that my heart would not pump that much blood into my brain yea?
Lord, i really need you for the week;
please come true badly for me;
holy spirit please guide me!
some revision notes:
(somehow i just feel like revising one last time by posting -.-)
assets = liabilities + owner's equity;
net profit = total revenue - total expenses;
gross profit = net sales - cost of good sold (cogs);
& cost of good sold (cogs) = opening inventory + cost of purchase - closing inventory;
opening inventory + cost of purchase also known as cost of goods available for sale;
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assets = debit nature;
liabilities = credit nature;
owner's equity = credit nature;
expenses = debit nature;
revenue = credit nature;
drawings = debit nature;
sales returns = debit nature;
purchases return = credit nature;
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format for balance sheet (narrative);
xxx business
balance sheet as at xx month year
balance sheet as at xx month year
asset
xx
xx
xx
total asset $xxx
liabilities
xx
xx
owner's equity
xx
xx
total liabilities + owner's equity $xxx
------------------------------------------------------------------------------------
formula for general journal (narrative);
xx
xx
xx
total asset $xxx
liabilities
xx
xx
owner's equity
xx
xx
total liabilities + owner's equity $xxx
------------------------------------------------------------------------------------
formula for general journal (narrative);
general journal
date particulars dr($) cr($)
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balance sheet items = balance c/d & balance b/d;
expenses & revenue items = p&l a/c;
------------------------------------------------------------------------------------
let me say a little prayer;
dear heavenly father;
tomorrow is the commence of the mst week for all sp students;
i wanna first pray that you would bless them in their knowledge;
let them bring all their knowledge for that particular module they are taking;
& let them do their best in the given time;
for me, im having my pacc paper tomorrow for a start;
i wanna pray that you would be with me for 2 hours;
the first hour is to digest things again in my head efficiently & effectively;
& the second hour is to throw out whatever i know in the papers;
for i will reap what i sow;
i put my papers onto you Lord;
give me some confidence that i've been lacking;
in jesus mighty name i pray;
amen!
------------------------------------------------------------------------------------
balance sheet items = balance c/d & balance b/d;
expenses & revenue items = p&l a/c;
------------------------------------------------------------------------------------
let me say a little prayer;
dear heavenly father;
tomorrow is the commence of the mst week for all sp students;
i wanna first pray that you would bless them in their knowledge;
let them bring all their knowledge for that particular module they are taking;
& let them do their best in the given time;
for me, im having my pacc paper tomorrow for a start;
i wanna pray that you would be with me for 2 hours;
the first hour is to digest things again in my head efficiently & effectively;
& the second hour is to throw out whatever i know in the papers;
for i will reap what i sow;
i put my papers onto you Lord;
give me some confidence that i've been lacking;
in jesus mighty name i pray;
amen!
{/continued