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    What did everyone write in the journal?
    I wrote bad depth and debited the value
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    that paper was hardddddddded
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    (Original post by jenny01)
    What did everyone write in the journal?
    I wrote bad depth and debited the value
    I just stuck some random numbers in hoping for a method mark somewhere. I debited bad debt and contra
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    (Original post by jenny01)
    What did everyone write in the journal?
    I wrote bad depth and debited the value
    I did Bad Debts, Bounced Cheque and Contra, I assumed it was 1 mark for each correction? Although I flunked that paper so I was shooting in the dark for the whole thing.
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    was really hoping a full balance sheet or income statement would come up 😩
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    oh no i ticked 3rd for both! what entries should have been in the general journal?
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    Was it a sales ledger or purchase ledger you had to do for the "trade receivables" question I think it was question 3
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    I put the the receivable accounts I put the title as sales and put all the recievble amounts in the Dr and in the credit I put the discount recieved for both of the receivable's

    In the sales account I put the individual sales and the bank for each person in the Dr side and discount allowed on the credit

    In the sales return I put all returns out in Dr side

    What do you think?
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    Wait what definitions??....
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    Sales returns should be on credit
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    (Original post by Muhammad_AK)
    Sales returns should be on credit
    I swear its Debit. opposite of sales
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    (Original post by alhrona)
    Lucycolt i thought that but it does not say they corrected it , it just says the manager apoligised thats it
    That's what I thought so I didn't know whether to correct it in the bank Rec bit or not! That really confused me!
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    (Original post by Muhammad_AK)
    Sales returns should be on credit
    Agreed. Along with returned chequ and discount allowed
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    (Original post by James6804)
    I swear its Debit. opposite of sales
    It would be debited in the sales return account.as we are doing it from the receivables POV it will be credited as it is an income for them
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    (Original post by James6804)
    I swear its Debit. opposite of sales
    On the sales account, Sales and dishonoured cheque is on debit,.
    Sales returns account, all sales returns were on credit, no debit entries should of been made.
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    The two multiple choice questions were C & C
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    It was disappointing that they only gave an 8 mark income statement :/
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    (Original post by Accountantlolks)
    The two multiple choice questions were C & C
    I got the same
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    WTF was question 3
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    (Original post by Megan2013)
    oh no i ticked 3rd for both! what entries should have been in the general journal?
    That's righhttttttttttttttt
 
 
 
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