Principle of Accounts

• chronicles

  10 Oct 05, 14:50

  Anyone took before, i heard the T-format is actually hopelessly outdated and no one uses it anymore.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

  10 Oct 05, 15:52

  ? i took D&T
• technoboy

  10 Oct 05, 16:15

  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?
• stellazio

  10 Oct 05, 16:17

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

  10 Oct 05, 16:19

  Originally posted by chronicles:

  Anyone took before, i heard the T-format is actually hopelessly outdated and no one uses it anymore.

  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

  10 Oct 05, 16:19

  Originally posted by stellazio:

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

  not forbidden lar.. but they want u to use columnar so no marks given.
  
  
  
  anyway, the focus is on journal entries lei..
  
  where got the acc thing le?
• stellazio

  10 Oct 05, 16:21

  Originally posted by shinta:

  not forbidden lar.. but they want u to use columnar so no marks given.
  
  
  
  anyway, the focus is on journal entries lei..
  
  where got the acc thing le?

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

  10 Oct 05, 17:33

  T-format left side Debit right side credit
  
  assets Debit side for increase credit side for decrease
  
  alot more accounts
• girlyger

  10 Oct 05, 21:15

  it is still applicable for the basic of poa in some polytechnics..
• deathscythe99

  10 Oct 05, 21:35

  Originally posted by girlyger:

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

  And NUS
• I-like-flings(m)

  10 Oct 05, 22:07

  Originally posted by chronicles:

  T-format left side Debit right side credit
  
  assets Debit side for increase credit side for decrease
  
  alot more accounts

  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..........
• shade343

  10 Oct 05, 22:09

  Originally posted by stellazio:

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

  You were probably asleep while your teacher was teaching you....
• martin_lim85

  10 Oct 05, 22:11

  the T a/c
• Crappyz

  11 Oct 05, 00:52

  Principle of Accounts is what level take one???
• browniebaobao

  11 Oct 05, 01:02

  I learned accounts, they are different in ITE and Poly.
  
  T format ar? Actually nowadays pple use computer (excel) to do accounts liao, who still got the xian qing to draw T format?
• stellazio

  11 Oct 05, 01:04

  Originally posted by shade343:

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

  My teacher don't use t format one..Its forbidden..
• Crappyz

  11 Oct 05, 01:10

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

  11 Oct 05, 01:15

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

  11 Oct 05, 02:20

  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~