AAT Jobs Site

AAT Jobs Site   When you’re searching for an accounting position, it is helpful to subscribe to as many job sites as possible in order to be sure that you’re able to apply for a range of roles as soon as they are advertised, no matter which site they appear on. AAT now have a … Read More

Tips for Writing the Perfect CV

Tips for Writing the Perfect CV On average, recruiters will spend 20-30 seconds glancing over your CV, so you need to make sure that they will see that you are their dream candidate fast! Use these tips below to generate their interest and keep it long enough to call you for that interview:   §  … Read More

ABSORPTION & MARGINAL COSTING: Part 1

ABSORPTION & MARGINAL COSTING: Absorption costing This is a costing system where the total manufacturing costs (fixed and variable costs) are charged against the product and are treated as product cost. It sets out each unit of inventory at the total cost to produce it, which will include the fixed production overheads. This can be … Read More

BAD DEBT

Scenario: You work for Jules Ltd and a customer’s invoice of £440 has been outstanding for over 1 year and management have decided to write this off as bad debt and the company is not VAT registered.  Double entry posting: DR: Bad Debt account                    £440 CR: SLCA/ Debtors accounts        £440 Reason: In writing off … Read More