Principle of Accounts

chronicles SG

Anyone took before, i heard the T-format is actually hopelessly outdated and no one uses it anymore.

JJxJJ SG

? i took D&T Laughing

technoboy SG

Me. Yeah I don't think anyone will still use paper and write down every transactions that they made, but well... Seems like there isn't any choice right? Laughing

stellazio SG

t-format is forbidden in the tertiary level liao..so forget about it.. Laughing

joeacid SG

If you are interested to know the current latest Accountg format, u can go and search for IASB (International Accounting Standard Board).

The website will provide you will the year 2005 latest IAS format. For accounting formal to be specific, you can look for IAS 1 which is the Financial Statement format and IAS 7 for the CashFlow Statement.

You can do further research on this. it's very interesting~ ^^

shinta SG

not forbidden lar.. but they want u to use columnar so no marks given.

Laughing

anyway, the focus is on journal entries lei..

where got the acc thing le?

stellazio SG

btw t-format is for what ar?i never learn before.. Laughing

chronicles SG

T-format left side Debit right side credit

assets Debit side for increase credit side for decrease

alot more accounts

girlyger SG

it is still applicable for the basic of poa in some polytechnics..

deathscythe99 SG

And NUS Laughing

I-like-flings(m) SG

that's the basic.. if u dunno it.. u cant go far with accounting..... unless of coz u are those "think they are so great grad from ntu" or "i know everything auditors" hahaha.... trust mi.. most know nuts about anything...alwas come ask u very stupid question.......... Mr. Green

shade343 SG

You were probably asleep while your teacher was teaching you.... Laughing

martin_lim85 SG

the T a/c Laughing

Crappyz SG

Principle of Accounts is what level take one???

browniebaobao SG

I learned accounts, they are different in ITE and Poly. Laughing

T format ar? Actually nowadays pple use computer (excel) to do accounts liao, who still got the xian qing to draw T format?

stellazio SG

My teacher don't use t format one..Its forbidden.. Laughing

Crappyz SG

ACCA and University of London cannot use T format one, that one only for understanding only...

alkaiden SG

i got F9 for my PoA, haizzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz i miss those days

joeacid SG

Actually the T format is already quite unacceptable. Although i’m doing Biz Finance now other than acctg, my professor has also told us to only learn how to read them instead of knowing how they are done. Even when i’m in my Accounting class, i was nver taught to use the T format~ again juz knowing what are the different between them~