Difference Between Bookkeeping And Accounting

Difference Between Bookkeeping And Accounting

  Accounting Bookkeeping Accounting is the process of recording, summarising, reporting, analysing and interpretation of financial information. Book-keeping is part of the accounting process. It involves the process of recording accounting data according to set rules.  Role of accounting is to communicate financial information for decision-making purposes.  Role of book-keeping is to ensure a systematic […]

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2014 7092 GCE O Levels POA Suggested Solutions for Paper 2 (Only)

No greater delight is there as a POA tutor to have used super eye-power to spot questions in the last two days for his beloved students! Unlike before, the crash course this year has been shorten from 18 hours (3 miserable days) last year to a mere 8 hours over 2 days with battle-weary-grouchy-always-hungry-panda-eyes-16-yr-olds. I […]

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2013 POA Suggested Solutions for Paper 2!

2013 POA Suggested Solutions for Paper 2!

Hi there! For those who have put in your fair share of labor, I hope today’s paper was easy for you. This year, we have a lag with sources for Paper 1. We will put up the suggested solutions for P1 ASAP. If you are looking for it, head straight below, read the FAQ section […]

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2013 GCE N Levels Principles of Accounts (POA) Suggested Solutions!

2013 GCE N Levels Principles of Accounts (POA) Suggested Solutions!

image: Class in accounting at Mary (sic) Morrison Carnegie School, Pittsburgh, PA Heyo N Levelers! Congratulations on completing your entire N Level exams! Every year, I try out the N Level papers for my students and since I’m doing that, I thought it’d be fun to hear your views and responses. This year’s paper is amazingly […]

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An Overview of Macro-Level Opportunities in Accountancy in Singapore

An Overview of Macro-Level Opportunities in Accountancy in Singapore

  If you are embarking on a course on accounting, whether it’s Principles of Accounts (POA) or at tertiary level, here’s some good news for you. Singapore aspires to be a leading global accountancy hub for Asia-Pacific which is the fastest-growing region in accountancy services, forecasted to reach US$ 38.3 billion by 2013. Singapore contributed […]

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2012 GCE O’ Level Principles of Accounts (POA) Suggested Solutions!

2012 GCE O’ Level Principles of Accounts (POA) Suggested Solutions!

After hearing that Miss Loi’s Joss Sticks website crashed even before E MathsPaper 2 solutions were out, I wondered if we had to do backups to avoid the same fate… except that I’m reminded that POA is taken by only approximately 20% of the cohort. 😉 So I have 1/5 the same risk. 😉 The […]

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Methods & Suitability of Depreciation Calculations

Methods & Suitability of Depreciation Calculations

How suitable the depreciation method is on an asset depends on how well it reflects the economic reality of the utility of the business’ assets. In the real world, screw it. Straight Line Method is used for its simplicity. :)

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2011 N Level Results Out!

2011 N Level Results Out!

The results of 2011 Singapore-Cambridge General Certificate of Education (GCE) Normal (Academic) and Normal (Technical) Level Examinations are out! View Full Album   Received great news from all my students. U-graders passed and the best went from F9 to B3 (taught him over 5 months). Did some screen shots of the smses. Rewards from tutoring […]

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2012 GCE N Levels Principles of Accounts (POA) Suggested Solutions!

2012 GCE N Levels Principles of Accounts (POA) Suggested Solutions!

Suggested Solution It’s 8 days since your last paper. Hope you guys are having a great time with your holidays! This year’s suggested solutions came in a little late as the O’ levelers are ramping up their revision. 😉 Anyhow, it’s here now! Tell me what you think. Right click and choose “Save As” to […]

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Why is there no depreciation for land?

Why is there no depreciation for land?

sheep by A. Roger Davies Short Answer: Land generally does not depreciate in value because it is a limited resource with an infinite life and can be used for a range of purposes. Explanation: All assets wear out and eventually cease to exist, except land. Land is not considered to ever be able to be […]

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