Scenario: The owner of Raqut Services has just bought a vehicle for £60,000 for his personal use and he has paid for it through the business bank account. What will be the double entry posting for this? Double entry posting: DR: Drawings account                   £60,000 CR: Bank account                 … Read More

Hello, In completing an application form or at an interview, you are usually asked how do you deal with pressure or questions are asked to elicit your communication skills. It’s your responsibility to be able to express scenarios in your personal or work life to reflect an answer to the question that has been asked. … Read More

Hello, Career Goals What are your career goals? Have you written out these career goals? Did you read the mail titled- what is your purpose? It is very easy to just look for a job and get caught up in the system of go to work come back, eat some food, pay the bills and … Read More

SWOT analysis on yourself. I know this is not something you would have thought of doing on yourself. It’s a terminology we liken to businesses and company activities. The world is a dynamic place and it is becoming more and more dynamic with all the trends we have to deal with and keep up speed … Read More

Hello, What would you do now if you had additional resources? What, if you were sure it would be successful, would you jump on right away? What would you begin immediately, if your resources were limitless? What are you betting your future career on? What would you be willing to bet your future career on? … Read More

A study at Stanford Business School examined the qualities that companies look for in promoting young managers toward senior executive positions, especially the position of Chief Executive Officer. The study concluded that the two most important qualities required for great success were; 1. TEAM BUILDING- The ability to put together and function as part of … Read More

“We all find ourselves in situations that at times seem hopeless, and we all have the choice to do nothing or to take action.” Catherine Pulsifer “It’s not the situation, but whether we react (negative) or respond (positive) to the situation that’s important.” Zig Ziglar “Personal action is your pathway to success, even if it … Read More

n     According to a research at Cambrigde Universty, it deosn’t matter in what ordre the leters in a word are, the only importent thnig is taht the fisrt and lsat leters be at the rigth place. The rset can be a totol mses and you can still raed it withuot porblem. This is bcuseae … Read More

Hello, For most people this is a strange question – we rarely spend time thinking about our own beliefs. A quick answer to this is- many people think that the accounting profession is a well-paid profession, especially, when you are a qualified Accountant. The collection of beliefs you hold about your career – is reflective … Read More

Income tax is tax charged on income earned by individuals and it’s used by the government to run and maintain the state. The government tax year starts on 6th April to 5th April the following year. Tax year Tax period 2016/17 6 April 2016 to 5 April 2017 From the total income earned by an … Read More