MS INYOFU (@theconscience)
Accountant | Business Plan & Proposal Expert | Excel Specialist | SME & Accounting Solutions | Bookkeeping & Account Setup | Husband & Father | Obidient
26 followers on LekeeLekee
Recent posts by MS INYOFU
- ACCOUNTING HINT (TODAY) Mistake: Treating all investments the same Correct: Different investments have different risk, return, and account...
- ACCOUNTING HINT (TODAY) Mistake: Recording investments as expenses Correct: Treat investments as assets, not expenses Example: Buy shares...
- ACCOUNTING HINT (TODAY) Mistake: Assuming bank balance equals cashbook balance Correct: Perform monthly bank reconciliation Example: Cash...
- Your money should be working harder than you. With inflation quietly eroding cash value, it’s important to invest wisely. Start building rea...
- -https://app.investbamboo.com/invite/sylvanus497885?s=ps Steady progress in my US stock portfolio. Focused on long-term value, disciplined i...
- ACCOUNTING HINT (TODAY) Mistake: Depreciating land like other assets Correct: Land is not depreciated (it does not wear out) Example: Lan...
- ACCOUNTING HINT (TODAY) Mistake: Forgetting to depreciate assets already in use Correct: Charge depreciation periodically (monthly or year...
- ACCOUNTING HINT Mistake: Charging full asset cost as expense immediately Correct: Spread cost using **depreciation** over useful life Exa...
- ACCOUNTING HINT (TODAY) Mistake: Recording full land sale as profit Correct: Separate cost of land from selling price Example: Buy land N...
- ACCOUNTING HINT (TODAY) Mistake: Posting assets to Fixed Assets before delivery (causes early depreciation) Correct: Hold them as Advance...