Grade 12 Accounting| May/June 2021 | Income Statement and Retained Income Note

Hi Everyone, Join me as I complete Question 2 of the May/June 2021 Paper 1. Don’t forget to subscribe,like or drop a comment👍🏻and also share with friends, family and schoolmates. See you in the next video.

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[KamoheloMatli]

Argh honestly speaking you helped me alot thank you I’m writing an assignment tomorrow hopefully things will work out by gods grace ❤may the lord continue blessing you

[Afro_queen]

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[terry]

Thanks you have answered my mysterious question.GOD BLESS

[MalachiGray-zypb]

All the best in growing your channel❤️☺️You are so good in Accounting 😘

[thaboG]

 A vacant storeroom was rented out from 1 June 2016. On
1 January 2017 the rent was increased by R2 700 per month. The rent for
February 2017 is outstanding.


The Balance for rent income in the trial balance 28 February 2017 was R61900.

Can you please help me with this Rent Adjustment.

[chantelnkosi]

Hy Kevin can you please make a revising video for paper 2

[nkokasithole]

Hello may you please explain the Rent adjustment using the other method❤

[LeeNouLoo]

Hey.
And if repurchase price is under premium we don't subtract?

[luyandaphikelela]

Nice video it's really helpful. Can you also make a video for paper 2

[portiamatsoso]

Hi on the income statement adjustment number c how did you get that 0.35

[ThotloetsoLedingoane]

Sir can you help me...if the rent was increase by 2700 how do I work this out?

[zinhlemakhanya]

Hey brother this is not related to this question paper but when they say "a credit note was recorded as an invoice " what do I do? And where do I record it?

[rueskyz]

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