Series 2, Episode 3 – Non-current Assets – Acquisitions, Disposals, and Part Exchange

Series 2, Episode 3 – Non-current Assets – Acquisitions, Disposals, and Part Exchange

In this episode of Debit, Credit, Done!, we walk through the full life cycle of non-current assets — from acquisition and capital expenditure, through to disposal and part exchange.

Host Dean Quartermaine breaks down how to post detailed disposal entries using the disposals account, and explains exactly how to handle a part exchange — a common yet misunderstood area in AAT exams.

Includes step-by-step worked examples, journal entries, and a challenge task to test your understanding.

🎧 Perfect for AAT Level 3 learners preparing for the Financial Statements exam — and anyone who wants real-world clarity on fixed asset transactions.

💡 Topics covered:

  • Capital vs revenue expenditure

  • Disposal entries (cost, depreciation, proceeds, profit/loss)

  • Part exchange explained

  • Worked examples with disposal account journals

🔁 Don’t miss this one — especially if depreciation has ever confused you!

✅ Listen now and get confident with disposals before we tackle depreciation in Episode 4.

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Jaksot(20)

Nominated for a PQ Award!!!

Nominated for a PQ Award!!!

Most education professionals underestimate the power of recognition — until they realize how a simple nomination can open doors and boost careers. When Dean Quartermaine was shortlisted for the presti...

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Community First: Shaping Content with Your Feedback

Community First: Shaping Content with Your Feedback

In this episode of "Debit Credit Done," Dean Quartermaine reflects on the journey of content creation over the past months and shares exciting plans for 2026. Join Dean as he discusses the importance ...

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AAT Connect: Inspiring Journeys and AAT Impact Awards

AAT Connect: Inspiring Journeys and AAT Impact Awards

Join Dean Quartermaine in this special episode of Debit Credit Done as he shares insights from the AAT Connect and Impact Awards 2025 in London. Discover the inspiring stories of industry leaders, the...

10 Marras 202522min

Series 2, Episode 9: Suspense Accounts & Error Correction

Series 2, Episode 9: Suspense Accounts & Error Correction

In this episode of Debit, Credit, Done! we dive deep into the theory of suspense accounts and error correction for AAT Level 3 Financial Accounting: Preparing Financial Statements.We cover:Why suspens...

30 Syys 202511min

Series 2, Episode 8 – Control Accounts: Receivables & Payables

Series 2, Episode 8 – Control Accounts: Receivables & Payables

In this episode of Debit, Credit, Done! we break down Control Accounts, focusing on the Receivables Ledger Control Account (RLCA) and the Payables Ledger Control Account (PLCA).We’ll cover:What contro...

4 Syys 202520min

Series 2, Episode 7 – Combining Depreciation & Disposal Adjustments

Series 2, Episode 7 – Combining Depreciation & Disposal Adjustments

Thanks for bearing with me — after a short delay, we’re back! In this episode of Debit, Credit, Done! we’re combining two key AAT Level 3 topics: depreciation and disposals.We’ll cover:A clear, 5-step...

31 Elo 202519min

Series 2, Episode 6 - Inventory Valuation – FIFO, AVCO & IAS 2

Series 2, Episode 6 - Inventory Valuation – FIFO, AVCO & IAS 2

In this episode of Debit, Credit, Done! we’re tackling inventory valuation — a key area of the AAT Level 3 Financial Accounting: Preparing Financial Statements module.We’ll cover:Why accurate inventor...

21 Elo 202522min

Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

In this episode of Debit, Credit, Done!, Dean Quartermaine explains how to adjust accounts so they reflect the correct period — covering accruals, prepayments, irrecoverable debts, and the provision f...

18 Elo 202523min

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