Wednesday, 31 August 2016


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
In writing off a debt, the business is incurring a cost and this is an expense which is increasing, so it has to be debited.

The debtors outstanding balance now has to be reduced because we are writing off the full outstanding debt and this reduces the debtors balance.


SLCA is also called Debtors Control Account/ Trade Receivables Account

Yours Sincerely,
The Friendly Team

The Training Place of Excellence Limited

Friday, 26 August 2016


The best way to build a healthy personality involves understanding yourself and your feelings.

This is achieved through the simple exercise of self-disclosure. For you to truly understand yourself, or to stop being troubled by things that may have happened in your past, you must be able to disclose yourself to at least one person. You have to be able to get those things off your chest. You must rid yourself of those thoughts and feelings by revealing them to someone who won't make you feel guilty or ashamed for what has happened.

The second part of personality development follows from self-disclosure, and its called self-awareness. Only when you can disclose what you're truly thinking and feeling to someone else can you become aware of those thoughts and emotions If the other person simply listens to you without commenting or criticizing, you have the opportunity to become more aware of the person you are and why you do the things you do. You begin to develop perspective, or what the Buddhists call "detachment."

Now we come to the good part. After you've gone through self-disclosure to self-awareness, you arrive at self-acceptance. You accept yourself for the person you are, with good points and bad points, with strengths and weaknesses, and with the normal frailties of a human being. When you develop the ability to stand back and look at yourself honestly, and to candidly admit to others that you may not be perfect but you're all you've got, you start to enjoy a heightened sense of self-acceptance.

Do An Inventory of Your Accomplishments:
A valuable exercise for developing higher levels of self-acceptance involves doing an inventory of yourself. In doing this inventory, your job is to accentuate the positive and minimize the negative.

Think of your unique talents and abilities. Think of your core skills, the things that you do exceptionally well that account for your success in your profession and in your personal life right now.

Think About Your Future:
Think about your future possibilities and the fact that your potential is virtually unlimited. You can do what you want to do and go where you want to go. You can be the person you want to be. You can set large and small goals and make plans and move step-by-step, progressively toward their realization. There are no obstacles to what you can accomplish except the obstacles that you create in your mind.

Take Action:
Here are three steps you can take immediately to put these ideas into action:

First, sit down with your spouse, or a good friend, and tell him or her about something that is troubling you and is still causing you unhappiness.

Second, develop perspective on your problem by standing back from it and imagining that it was happening to someone else. What advice would you give to that person?

Third, think continually about the good experiences and accomplishments you have enjoyed in the past. Remind yourself regularly that you are a pretty good person and you've done a lot of good things in your life.

Courtesy: Brian Tracy

Yours Sincerely,
The Friendly Team

The Training Place of Excellence Limited

Thursday, 25 August 2016


It has been a great level of achievement for team GB in the Rio Olympic games. What a wonderful performance by all the athletes and what an improvement in the London games.

As a nation, there has been a lot of investment into the Olympics; massive research and developments and financial commitments. Have these investments yielded positive results??? Definitely, very positive and favourable results have been achieved. 

As students, have we invested enough into your studies and into becoming the best that you can be? It is very evident that any investments will go towards improving your skills and your ability to succeed through your career.

We will like to encourage you to continue to invest in your career and towards becoming better and better in your chosen career. 

Invest your time and money sensibly and continue to get better.

Well done and keep on it.

Yours Sincerely,
The Friendly Team

The Training Place of Excellence Limited

Wednesday, 24 August 2016


What a brilliant job done by all the GB athletes in Rio Olympics games. It is definitely a job well done from so many individuals.
I can only just imagine the amount of hard work each of the athletes put into their training programs and for all of such hard work to result in a medal, is a great achievement and better still for the athletes that have secured medals in the last Olympics and then defending and maintaining their titles.

The main question is- how much effort do you put into your studies and actions towards becoming an Accountant.
This is your chosen career pathway, let’s all get into the required level of hard work to achieve a golden result in our exams and in acquiring the relevant experience to be the best Accountant that we can be.

Yours Sincerely,
The Friendly Team

The Training Place of Excellence Limited

Tuesday, 2 August 2016


Your self-image is the way you see yourself and think about yourself. It is often called your "inner mirror." You look into this mirror in every situation to see how you should perform on the outside. You always behave on the outside in a manner consistent with the picture you have of yourself on the inside.

How Do You See Yourself:
For example, if you see yourself, as calm, confident and competent in any aspect of selling, when you are engaged in that activity, you will feel calm, confident and competent. You will perform well and get excellent results. If, for any reason, it doesn't go well at that time, you will throw it off and dismiss it as a temporary situation. Your self-image is clear. In your mind's eye you see yourself as good and capable in that area and nothing can interfere with your mental picture.

Change Your Self-Image: 
The most rapid improvements in your career will come from changing your self-image. The moment that you see yourself as better than your current position, you tend to behave differently. And because you are behaving differently, you get different results.

Begin to see yourself the way you want to be. See yourself as strong, confident, competent and professional in every way. The person you see is the person you will be. Let your turning point be a conscious thought to modify your self-image and aim at better results.
Yours Sincerely,
The Friendly Team

The Training Place of Excellence Limited