Limited Liability Companies | Journal entries | Shares and Debentures | LLCs | CSEC PoA

Did you answer the poll question at the end of this video???

In this video I explain some of the basics of limited liability companies (LLCs) and go through the journal entries to record the issue of shares and debentures.

More specifically I show the journal entries to record:

- the issue of ordinary shares at par value,
- the issue of ordinary and preference (preferred) shares at par,
- the issue of ordinary and preference shares at a premium,
- the issue of ordinary and preference shares at a premium,
- the issue of debentures,
- the issue of ordinary and preference shares and debentures.

In each example I also show the balance sheet (statement of financial position) after the issue of the shares and/or debentures to help illustrate the dual nature of accounting, i.e. that the balance sheet must balance because the assets of the business must be paid for by either equity capital, liabilities, or both.

In some cases I repeated an example with alternative wording to give you an exposure to the different ways that questions may present the information.

If you have any questions please feel free to leave them in the comments section below and I will do my best to get back to you as soon as I can.

I have double-checked this video for accuracy but I am human and when I was recording and editing I was fighting the flu so if you spot any errors please let me know in the comments section below and I will address them.

Remember to like, share and subscribe!

Thanks for watching,

Chris ^_^

[dspowaedits]

POA exam tmr is headache, but with your videos I feel I passing this exam sir 🙏

[akeilaberry]

I look forward to the motivational speech at each videos. “if what you're doing is not working, then you have to try another approach ADAPT.“ ✍🏽#NOTED

[_sinco_clair_]

I'm so glad that you put out these videos because I'm getting limited liability companies on my csec paper this year 😭🏆

[mathiasmutuku]

finally i can understand this concepts after watching so many other channels without understanding.Thanks alot sir

[vaishnavipersad]

Thanks you sm i swear i learn more here than in actual school....

[tonia]

Been searching YouTube world for these videos! Thank you for taking time to make them. They have REALLY helped clarify things for me so much. :)

[elisabethramtahal]

Wonderful video, well detailed with alot of interesting points, it's just a clear explanation!!

[pasha]

New subscriber! Clear, concise, made easy to understand & digest, helpful worked out examples - an excellent video sir, thank you 😍 feeling more confident for my exam

[myrtlenicholas]

In the last question you have $5 as the premium share whereas you said $2 and calculated at $2. However you do a GREAT JOB at explaining

[susannaindraniapcristhappa]

Thank you so much for making this video!! :) :) it really helped me to fully understand this topic which I was so confused about :'( very effective and easy to understand!

[trishawnagordon]

What an awesome video!!!!, you did a review of LLCs and really cleared up some unfamiliar terms.

[TheSupergirl_]

going into the exam tomorrow this helped

[johannaten-pow]

Did you make the playlist for the LLCs? This was a very helpful video Sir as I have POA paper 1 on Thursday and it is currently Sunday.

[JoyAccounting]

Much appreciated for these videos. Please keep posting!

[buina]

Good job, , you make Accounts look so simple

[reenasingh]

Thank you so much. Your videos are really helpful! ❤

[jamarimcfarlane]

"Don't fling yuh fone and want to punch me in ma face" 😂😁

[trinityhamied]

Thank you so so much, the little jokes are so funny lol

[jeremiahaugustine]

Sir i love the content and i used it at csec but there arent cape tutor videos

[claudiavickers]

Imagine going through the whole syllabus the night before mock.